Category: Great Depression II
The analysis published under this category are as follows.
Sunday, June 10, 2012
Asian Stock Market Crash Trigger?, Great Depression 2 / Economics / Great Depression II
By: Andrew_McKillop
Logically, a more globalized economy should generate globalized depressions as well as growth surges, that is increased synchronization should be easy to identify in the data: to be sure and certain, the exact opposite reasoning, of compensating de-synchronized regional movements in the economy is used by defenders of globalization. Today, it is Europe which is leading the OECD downward, while in 2008-2009, arguably, it was the USA but at the time the emerging economies of China, India, Russia, Brazil, South Africa, Turkey, Argentina and other large or growing nonOECD economies were completely out of phase with the OECD group, and were growing strongly.
Saturday, April 28, 2012
Spain At Economic Depression, Soaring Unemployment Rate to 23.6% / Economics / Great Depression II
By: Mike_Shedlock
Via email from Barclays Capital, Spain: Q1 unemployment rate rises; trend likely to continue into H1 2013.
This morning Spain released labour market statistics for Q1. Seasonally adjusted, the unemployment rate rose to 23.6% from 23.1% in Q4 last year (Figure 1). We think that the labour market's deterioration is likely to continue over the next 3-4 quarters. We look for unemployment to peak at nearly 26% in H1 2013, before slowly starting to decline.
Read full article... Read full article...
Thursday, April 05, 2012
The Great Depression II, You Ain’t Seen Nothing Yet Part II / Politics / Great Depression II
By: James_Quinn
Catalyst of Change
“As late as December 1773, November 1859, and October 1929, the American people had no idea how close it was. Then sudden sparks (the Boston Tea Party, John Brown’s raid and execution, Black Tuesday) transformed the public mood, swiftly and permanently. Over the next two decades or so, society convulsed. Emergencies required massive sacrifices from a citizenry that responded by putting community ahead of self. Leaders led, and people trusted them. As a new social contract was created, people overcame challenges once thought to be insurmountable – and used the Crisis to elevate themselves and their nation to higher plane of civilization.” – Strauss & Howe - The Fourth Turning
Monday, April 02, 2012
The Great Depression II, You Ain’t Seen Nothing Yet / Politics / Great Depression II
By: James_Quinn
“Human history seems logical in afterthought but a mystery in forethought. Writers of history have a way of describing interwar societies as coursing from postwar to prewar as though people alive at the time knew when that transition occurred.” – Strauss & Howe - The Fourth Turning
Saturday, March 31, 2012
Obama Touts "Economic Recovery" Amidst Deepest Slump since the Great Depression / Politics / Great Depression II
By: Barry_Grey
While the United States remains mired in the deepest slump since the Great Depression, President Barack Obama is touting a modest improvement in employment over the past several months to boost his electoral prospects in November.
The three-month period from December through February has, according to the Labor Department, seen a net gain of 744,000 jobs, the largest for any three-month stretch since 2006. The official jobless rate has fallen from 9.1 percent in September to 8.3 percent in February.
Read full article... Read full article...
Sunday, March 11, 2012
The Failed Great Depression / Economics / Great Depression II
By: Andrew_McKillop
Since 2007-2008 nearly all OECD countries, from Japan to the USA and the straight majority of European economies tasted free-fall economic conditions very similar to what the history books tell us about the 1929-1936 period. The economy went down and kept on going down. Recoveries were short, followed by more free-fall. Social and political stress rose as the economy fell - but this wasn't the case in China, India, Russia, Brazil, South Africa, Turkey, Argentina and other large and growing emerging economies, with a combined population two and a half times the population of the OECD group. In the "classic model" of economic collapse they should also have spun into recession.
Thursday, February 23, 2012
Kondratieff Waves and the Greater Depression of 2013 - 2020 / Economics / Great Depression II
By: Christopher_Quigley
There are very few heroes in economics but for me one of the patron saints of that profession
should be Nikolai Kondratiev who was shot by firing squad on the orders of Stalin in 1938. He
died for what he believed was the truth. His execution was ordered because his academic work
propounded that the capitalist system would not collapse as a result of the great depression of
1929. This truth Stalin did not want to hear, thus Nikolai was exterminated and his work
suppressed for over two decades. Read full article... Read full article...
Friday, February 03, 2012
Real U.S. Economic Picture: "There is No Recovery" / Economics / Great Depression II
By: Paul_Craig_Roberts
If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com.
John Williams is the best and utterly truthful statistician that we the people have.
The charts below come from John Williams Hyperinflation Report, January 25, 2012. The commentary is supplied by me.
Read full article... Read full article...
Thursday, February 02, 2012
The American Economy is "Dead": The Illusion of Economic Recovery / Economics / Great Depression II
By: Paul_Craig_Roberts
Last Friday the US Bureau of Economic Analysis announced its advance estimate that in the last quarter of 2011 the economy grew at an annual rate of 2.8% in real inflation-adjusted terms, an increase from the annual rate of growth in the third quarter.
Monday, January 02, 2012
Economic Collapse is the Number One Catastrophic Event That Americans Worry About / Economics / Great Depression II
By: LewRockwell
Economic Collapse writes: Can you guess what the number one catastrophic event that Americans worry about is? There are certainly many to choose from. Many Americans are deathly afraid of a major terrorist attack. Others live in constant fear of natural disasters such as earthquakes, volcanoes and hurricanes. Still others are incredibly concerned that a massive pandemic will break out at any time or that World War III will erupt in the Middle East. Yes, there are certainly a lot of potential catastrophic events that one can worry about in the times in which we live, but the number one catastrophic event that Americans worry about is actually "economic collapse". At least that is what a recent survey conducted by Leiflin Inc. for the EcoHealth Alliance found. But this goes along with what so many other polls have found over the past few years. Over and over again, opinion polls have found that the number one issue that American voters are concerned about is the economy. The truth is that average Americans are deeply, deeply concerned about unemployment, debt, the housing crash and the steady decline in the standard of living. It has been years since the U.S. economy has operated at a "normal" level, and many Americans are afraid that things could soon get a whole lot worse.
Tuesday, December 27, 2011
Unrelenting Global Economic Crisis: A Doomsday View of 2012 / Politics / Great Depression II
By: James_Petras
The economic, political and social outlook for 2012 is profoundly negative. The almost universal consensus, even among mainstream orthodox economists is pessimistic regarding the world economy. Although, even here, their predictions understate the scope and depth of the crises, there are powerful reasons to believe that beginning in 2012, we are heading toward a steeper decline than what was experienced during the Great Recession of 2008 – 2009. With fewer resources, greater debt and increasing popular resistance to shouldering the burden of saving the capitalist system, the governments cannot bail out the system.
Wednesday, December 21, 2011
Collective Action to Prolong Economic Depression / Politics / Great Depression II
By: Bill_Bonner
Have yourself a merry little depression…
What’s this? Christine Lagarde, IMF chief, said last week that the world’s nations needed to work together to avoid a 1930s-style depression.
But seeing the way they work together…and where they seem to be headed…we’d prefer a depression.
Read full article... Read full article...
Friday, December 16, 2011
How an Economy Collapses… and How to Protect Yourself, Part 2 / Economics / Great Depression II
By: Paul_Mladjenovic
To recap the main point from Part one of this two-part essay series, I mentioned that the internal collapse of an economy occurs when it is overburdened by too much consumption (such as debt) and that the primary engine of this over-consumption is typically a government that has grown too big to sustain. The United States is definitely trending in that direction. I used my former country, Yugoslavia, as an example of what may occur.
Friday, December 09, 2011
How an Economy Collapses... and How to Protect Yourself / Economics / Great Depression II
By: Paul_Mladjenovic
There are growing fears that an economic collapse is on the way. Is this fear justified? Before we conclude that it is a by-gone conclusion and that it's time to head for the hills, let's first cover how and why an economy collapses. In this essay I talk about economic collapse as an "internal event". Keep in mind that there are "external" reasons for an economy to collapse (such as war and/or natural events such as earthquakes etc.)
Tuesday, December 06, 2011
Europe Entering a Decade Long Recession / Economics / Great Depression II
By: Mike_Shedlock
If French president Nicolas Sarkozy gets his wish to "Level the Playing Field" on sovereign bonds, a decade-long European recession is on its way.
Read full article... Read full article...French President Nicolas Sarkozy made it clear in a speech in Toulon last week that he wanted the private sector to be given a more-level playing field when it came to the threat of having to bear losses on their investments.
Monday, December 05, 2011
Economic Armageddon: 2012 or 2013? / Economics / Great Depression II
By: Clif_Droke
In his latest report, Samuel Kress of SineScope reviewed the 120-year cycle and broke it down into its constituent cycles. For the sake of our long time readers, I’m providing my own breakdown of the 120-year cycle and its effects on the past, present and future of the financial market and economy. Read full article... Read full article...
Sunday, November 27, 2011
American's Comfortably Numb on the Highway to Economic Collapse / Politics / Great Depression II
By: James_Quinn
As I observe the zombie like reactions of Americans to our catastrophic economic highway to collapse, the continued plundering and pillaging of the national treasury by criminal Wall Street bankers, non-enforcement of existing laws against those who committed the largest crime in history, and reaction to young people across the country getting beaten, bludgeoned, shot with tear gas and pepper sprayed by police, I can’t help but wonder whether there is anyone home. Why are most Americans so passively accepting of these calamitous conditions? How did we become so comfortably numb? I’ve concluded Americans have chosen willful ignorance over thoughtful critical thinking due to their own intellectual laziness and overpowering mind manipulation by the elite through their propaganda emitting media machines. Some people are awaking from their trance, but the vast majority is still slumbering or fuming at erroneous perpetrators.
Wednesday, November 23, 2011
The Coming Global Financial Collapse Quotes That Will Make Your Hair Stand Up / Economics / Great Depression II
By: LewRockwell
Economic Collapse writes: Is the world on the verge of another massive global financial collapse? Yes. The western world is drowning in an ocean of debt unlike anything the world has ever seen before, and our financial markets are gigantic casinos that are dependent on huge mountains of risk and leverage remaining very stable. In the end, this house of cards that has been built on a foundation of sand is going to come crashing down in a horrifying manner. Usually in this column I go on and on about why things will soon get much worse. But today I am going to take a bit of a break. Today, I am going to let some of the top financial professionals in the world tell you why things will soon get much worse. Many of the quotes that you are about to read just might make the hair on the back of your neck stand up. Most people out there have no idea what is about to happen. Most people out there are working hard and are busy preparing for the holidays and they are hopeful that the economy will turn around soon. But that is not going to happen. We are heading for another major global financial collapse, and when it happens the U.S. economy is going to get even worse.
Tuesday, November 22, 2011
Global Balance Sheet Depression Making Second More Dangerous Credit Crisis Inevitable / Economics / Great Depression II
By: John_Mauldin
I have been reading and talking with Simon Hunt for a long time. He is a very thoughtful Brit who spends a lot of time in China and thinks about copper and commodities and cycles. He has enough seasoning to have seen a few cycles himself. This piece summarizes rather well the view that he has expressed for some time. And while I am generally skeptical of relying too much on cycles for specifics (they work until they don't), I think Simon has some very powerful conclusions. From his summary:
"The world is in a balance sheet depression which will make a second and perhaps more dangerous credit crisis almost inevitable. That should break out next year or in 2013.
Read full article... Read full article...
Sunday, November 20, 2011
Is America's Second Deflationary Economic Depression Ahead? / Economics / Great Depression II
By: EWI
Don't blame Martin Van Buren for America's first deflationary depression. Social mood rode higher in the saddle than did our 8th President, who only stood 5' 6".
Elected in 1836, by the time Van Buren assumed office in March 1837 a speculative bubble had burst and a banking crisis was at hand (sound familiar?) -- the national mood had turned south and the "Panic of 1837" followed. Van Buren was known as "The Little Magician," but he could not pull an economic recovery out of the hat. He met defeat seeking a second term.
Read full article... Read full article...