Category: Economic Recovery
The analysis published under this category are as follows.Sunday, September 12, 2010
U.S. Economic Recovery? What Recovery? / Politics / Economic Recovery
There is none, and it's getting worse under a president and his predecessor's policies - engineering and sustaining economic decline, not recovery, Obama's latest announced job creation program as bogus as his April 2009 $787 billion stimulus. At the time, Treasury Secretary Tim Geithner said, besides bailing out Wall Street, it would create millions of jobs and get credit flowing again.
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Friday, September 10, 2010
Death of Luxury Consumer Brands Postponed Indefinitely / Economics / Economic Recovery
Luxury has survived the crisis, experts say. The death of luxury brands market is postponed indefinitely, and the survivors recovered faster than the more modest brands. Over seven months, the growth in retail turnover, according to Rosstat, was up 4%, and the Russian luxury market can be expected to grow by 5-10% already this year.
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Sunday, September 05, 2010
Population and Productivity Fundemental Drivers for Economic Growth / Economics / Economic Recovery
Let's Look at the Rules
Six Impossible Things
Killing the Goose
This week you will get a kind of preview as this week's letter. I am desperately trying to finish the first draft of my book and am one chapter away from having that draft. I have promised my editor (Debra Englander) that she would see a rough draft next week, and the final version will be delivered on the last day of September. More on that process for those interested at the end of the letter. But this week's letter will be part of what will probably be the 4th or 5th chapter, where we look at the rules of economics.
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Friday, August 27, 2010
Two Ways to Tell if the U.S. Economy is Ready to Rebound / Economics / Economic Recovery
Shah Gilani writes: The U.S. economy has been crippled by the financial crisis. And regardless of what policymakers try to do to spur growth, it will hobble along lamely until two major economic pillars are rectified.
Simply put, there's no chance that stock investors will see a healthy, long-term bull market until credit again begins to flow freely and home prices start rising.
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Monday, August 23, 2010
Obama's Economic Recovery Hits a Snag / Economics / Economic Recovery
Barack Obama's "Recovery Summer" tour has turned into a public relations disaster. The whole idea of claiming "mission accomplished" over the recession was wacky from the very beginning. It just shows how out of touch with reality Obama's economics team really is. These guys need to stop pouring over their own rosy projections and get out more. The recovery hasn't reached "escape velocity" as economics czar, Lawrence Summers boasted earlier in the year. That's baloney. The economy is headed for the shi**er and the prospects of a another slump loom larger than ever.
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Wednesday, August 18, 2010
Welcome to the Muddle Ages of the U.S. Economic Recovery / Economics / Economic Recovery
Before diving into the analysis, a theme occurred to me the other day; more and more the economic data from the US is looking confused. There are some parts of the economy that are showing some relatively promising signs e.g. manufacturing, but then there are other parts (e.g. consumers, housing, etc) which say - "you know, this recovery... it's not that great, things are still hard!" And thus we are at the muddle ages of the post-great-recession recovery. And so, I was just looking at the US total bank assets statistics, and there were a few noteworthy standouts in the data:
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Friday, August 13, 2010
U.S. Economic Recovery, Only It Didn’t / Economics / Economic Recovery
The powers that be are now starting to be shown what should be a very important lesson in the old saying: “You can fool all of the people some of the time and you can fool all of the people some of the time, but you can’t fool all of the people all of the time”. For a year and a half now, starting at a rather well defined point in time during early March 2009, the govermedia switched gears and pronounced that the shattered American economy was in recovery.
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Friday, August 13, 2010
Foreign Economic Growth Could Bail Out the U.S. Economy / Economics / Economic Recovery
Martin Hutchinson writes: During a period of increasingly worrisome headlines about the U.S. economy, there is one bright spot. The rest of the world appears to be doing much better than we are.
In the long run, that's good news for the United States. Rapid world growth will eventually rekindle the economic fires here, producing a growth that is more balanced than the bubbles of 1995-2008.
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Sunday, August 08, 2010
Do You Believe We're In Economic Recovery? / Economics / Economic Recovery
Treasury Secretary Tim Geithner has a message for the American public: "Welcome to the Recovery." As a joke it might be funny – but it isn't...
I read something this week that made me laugh out loud – though it wasn't supposed to be funny. Treasury Secretary Tim Geithner, aka Turbo Timmy, has an opinion piece in The New York Times titled "Welcome to the Recovery."
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Wednesday, August 04, 2010
The Myth of the Manufacturing-Led Economic Recovery / Economics / Economic Recovery
They still don’t get it – or perhaps they do and just won’t admit it. Either way, it doesn’t matter much as the jesters, namely Msrs. Bernanke and Greenspan, continue to chirp their assigned lines, playing good cop/bad cop with the USEconomy. Right now, Bernanke is the good cop, pointing to increasing wages and the likelihood that the consumer will once again step up and rescue us from the grips of the double dip. On the other side of the room is Greenspan, talking about how that double-dip is still possible, although extremely unlikely.
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Wednesday, August 04, 2010
Economic Recovery for the Few / Economics / Economic Recovery
Rick Wolff writes: Where is this elusive recovery? The banks, some say, have "recovered." Yet they remain dependent on Washington, they do not make the loans needed for a general recovery, and many medium and small banks keep collapsing. The stock market shows no recovery. The Dow index was 14,000 in late 2007 when capitalism hit the fan, and it is around 10,000 now. The Nasdaq market index was 2800 then and is 2300 now. Everywhere else -- unemployment, foreclosures, bankruptcies, depressed housing market, and so on -- no recovery in sight. Yet, my search finally found genuine recovery for one group, and its recovery offers a better policy to treat this crisis.
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Sunday, August 01, 2010
U.S. Outbound Travel Expenditure Says No Double Dip Recession / Economics / Economic Recovery
When inflation (or deflation) are so low that measurement errors can be bigger than “The Answer”, and when an economy is in the process of re-adjusting and so “measurement” of GDP itself is also and issue – witness the size of the revisions; and when traditional “markers” of drivers of economic activity are reacting in a “non-traditional way”, it can be hard to figure what’s going to happen next.
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Wednesday, July 28, 2010
Hotel Industry Rebound Points to a Recovering U.S. Economy / Economics / Economic Recovery
Martin Denholm writes: When you’re traveling, what’s your preference when it comes to accommodation?
After a lengthy, recession-induced downturn, the latest industry figures suggest that more Americans are choosing hotels.
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Wednesday, July 28, 2010
Copper Signaling A Strong Economic Recovery / Economics / Economic Recovery
Jon D. Markman writes: As stocks have slipped lower over the last three months, copper has bucked the broad trend and broken the pattern of lower highs and lower lows it set in the spring.
After bottoming on June 7, the iPath Dow Jones-UBS Copper Subindex Total Return ETN - which closely tracks copper futures - has gained more than 12.2%. In the same span, the Russell 2000 small cap stock index has lost 0.6%.
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Thursday, July 22, 2010
The Double-Dip Recession, Four Reasons Why Its Not Going to Happen / Economics / Economic Recovery
Louis Basenese writes: The dreaded double-dip recession chatter is getting louder by the minute. And it’s clearly scaring the dickens out of most Americans.
How else do you interpret the five-fold increase in the number of Google searches for “double-dip recession” since May?
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Friday, July 16, 2010
Is the Economic Recovery an Illusion? / Economics / Economic Recovery
There’s too much money happy to be right where it is, not about to come out of hiding and provide fuel for the economy.
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Wednesday, July 14, 2010
U.S. Economic Recovery and Weak Loan Demand / Economics / Economic Recovery
You have heard that loan growth is one of the critical elements of economic growth. The last recession saw total outstanding loans plummet as banks tightened up their credit standards and credit demand fell. So far, business loans remain weak indicating business of all sizes are not looking for more credit.
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Sunday, July 04, 2010
Unemployment Report Shows Sluggish Economic Recovery / Economics / Economic Recovery
Don Miller writes: Unemployment figures released Friday confirmed that the U.S. economy is still recovering, but they also showed it will take years to replace the 8 million jobs lost during the Great Recession.
And until meaningful hiring takes place, consumers are unlikely to loosen their purse strings, the key to putting the economy back on track to full recovery.
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Saturday, June 19, 2010
Deficits and Economic Growth, GDP = C + I + G + (X-M) / Economics / Economic Recovery
"Everyone" is upset with the level of fiscal deficits being run by nearly every developed country. And with much justification. The levels of fiscal deficits are unsustainable and threaten to bring many countries to the desperate situation that Greece now finds itself in. We must balance the budget is the cry of fiscal conservatives. But there are unseen consequences in moving both too fast or too slow in the effort to get the deficits under control. Today we look at them as we explore what a fine mess we have gotten ourselves into. (I am working without internet today so the letter will be shorter with fewer references than normal.)Read full article... Read full article...
Wednesday, June 16, 2010
The U.S. Economic Recovery is on Cruise Control / Economics / Economic Recovery
Jon D. Markman writes: Assessing the U.S. economic recovery right now is a bit like buying a used car: Although it sure looks good, you can't help but wonder what's really going on under the hood.
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