Analysis Topic: Economic Trends Analysis
The analysis published under this topic are as follows.Saturday, January 23, 2010
Bernanke's Federal Reserve System Doom Loop / Economics / Central Banks
Two Bank of England economists have written one of the most perceptive and forthright papers in the history of central banking: "Banking on the State." Compared with any of the dozens of deadly dull, equation-filled, narrowly focused, recommendation-avoiding, career-enhancing, résumé-padding, utterly useless academic exercises published in the dozen regional Federal Reserve bank journals every month, this paper stands out like a diamond in an immense dung hill.
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Saturday, January 23, 2010
Marc Faber, Debt Crisis Downgrade Risks Means Were All Doomed! / Economics / Global Debt Crisis
"When you look at the US… it's a total disaster, we're all doomed, we're doomed!" Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Friday. Faber and Anthony Thomas from Moody's discuss the global economic outlook.
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Saturday, January 23, 2010
Global Economies Debt Crisis End Game Trend Towards Bankruptcy / Economics / Global Debt Crisis
Thoughts on the End Game
This Time is Different
Quarterly Review and Outlook
When I was at Rice University, so many decades ago, I played a lot of bridge. I was only mediocre, but enjoyed it. We had a professor, Dr. Culbertson, who was a bridge Life Master at an early age. He was single and lived in our college, playing bridge with us almost every night. He was a master of the "end game." He had an uncanny ability to seemingly force his opponents into no-win situations, understanding where the cards had to lie and taking advantage.
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Friday, January 22, 2010
Los Angeles Heading for Bankruptcy, Mayor Tries to Prevent Bond Market Panic / Economics / US Debt
When a politician says something is "not an option" that generally means it is (or soon will be). Sometimes it means it is all but certain. With that in mind, please consider Mayor Villaraigosa says no bankruptcy for the city.
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Friday, January 22, 2010
Congress Sacks Samoan Economy / Economics / Recession 2008 - 2010
Like many football fans around the country, I recently tuned into a heavily promoted 60 Minutes segment on the uncanny ability of tiny American Samoa to produce a steady stream of NFL players. Although it was certainly interesting to learn how Pacific island warrior culture translated seamlessly into the disciplines of American football, and how the island's players adapted to the hard-scrabble terrain and poorly funded athletic fields, the most interesting aspect of the piece concerned economics rather than sports.
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Friday, January 22, 2010
Economic Crash And Crumble 2010 / Economics / Recession 2008 - 2010
ECONOMIC SHOCK
"All you need is $40 oil to bring the economy to a complete standstill. If we have $80 oil we're going to be in the hole," said Adam Sieminski, global oil strategist at Deutsche Bank. (New York Times, 13 Nov 2002)
Friday, January 22, 2010
More Global Warming Scandals Implicate IPCC Climate Scientists / Economics / Climate Change
Only days after the failed Copenhagen Global Warming Summit, yet a new scandal over the scientific accuracy of the UN IPCC 2007 climate report has emerged. Following the major data-manipulation scandals from the UN-tied research center at Britain’s East Anglia University late 2009, the picture emerges of one of the most massive scientific frauds of recent history.
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Friday, January 22, 2010
British Economy Faces Economic Storm Clouds of Rising Inflation and Credit Downgrades / Economics / UK Economy
Having been among the economic engines of Europe for much of the past decade, it appears as if the British economy has run out of steam. Inflation is rising while bankruptcies and unemployment continue to swell. It is a problem that would have left Lord Keynes' head spinning. In many ways, the responses of the U.S. and U.K. governments to the financial crisis have been very similar. So far, the American advantages in size and reserve currency status have allowed us to avoid the storm-clouds now descending upon Britain. But these advantages only provide a temporary respite. In the meantime, the slow-motion collapse in Britain offers a glimpse of our own future - and a chance to prevent it.
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Thursday, January 21, 2010
China's Leadership Serious About Keeping Inflation Under Control and Economy Booming / Economics / China Economy
I’d laugh if it didn’t make me cry.
I’m talking about the money-printing, bubble-blowing excuse for monetary policy that our last two Federal Reserve Bank Chairmen have followed. By chopping and then keeping interest rates close to zero, Alan Greenspan and Ben Bernanke were responsible for creating the painful real estate and credit crisis that we’re going through.
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Thursday, January 21, 2010
China Lending Restrictions and Beijing's Predicament / Economics / China Economy
Liu Mingkang, head of the China Banking Regulatory Commission (CBRC), said in an interview Jan. 20 that several Chinese banks had been asked to restrain their lending after proving to have inadequate capital reserves. Chinese media reports claimed that new bank loans so far in January have risen to as high as 1 and 1.5 trillion yuan ($146-$220 billion) — approaching or equaling the massive hike in January 2009. As a result, several major Chinese commercial banks (whose names were not given) were given oral commands to stop new lending for the rest of the month.
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Thursday, January 21, 2010
UK Hits Worst Deflation on Record / Economics / Deflation
Not enough money exists for the UK to repay its private-sector debts at the moment. Where-oh-where might the cash come from...?
WELL AT LEAST we now know the Bank of England isn't front-running its personal accounts or pension scheme with inside information.
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Thursday, January 21, 2010
Emerging Economies Will Continue to Lead the Way / Economics / Emerging Markets
Emerging markets, especially China, Brazil, India, much of Asia and other parts of Latin America will lead the rest of the world in economic growth. As a multi-year trend, this is continuation of one of the best investing themes from 2009. Demand for commodities such as copper and steel will be critical for this growth. The economic growth of these countries is encouraging the emergence of a new middle class.
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Thursday, January 21, 2010
Hyperinflation, Money Demand, and the Crack-up Boom / Economics / HyperInflation
In the early 1920s, Ludwig von Mises became a witness to hyperinflation in Austria and Germany — monetary developments that caused irreparable and (in the German case) cataclysmic damage to civilization.
Mises's policy advice was instrumental in helping to stop hyperinflation in Austria in 1922. In his Memoirs, however, he expressed the view that his instruction — halting the printing press — was heeded too late:
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Thursday, January 21, 2010
Deflationists Always Wrong, High Inflation Ahead / Economics / Inflation
Over the past month, I have written seven lengthy articles on the totally erroneous theory that consumer price deflation is inevitable, no matter what the U.S. government and the Federal Reserve System do. You can read them here.
I would like to believe that this will end the debate. It won't.
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Thursday, January 21, 2010
The Future of Unemployment Benefits in the U.S. / Economics / Recession 2008 - 2010
Last January we predicted that there would be another stimulus program this year. Congress has already passed legislation to continue unemployment benefits, which the Senate will approve as well. Those out of work cannot survive without such assistance, as our transnational conglomerates continue to send our jobs to foreign lands. The question is will the unemployed, as a result, receive benefits indefinitely, as these elitist corporations park their profits in tax havens tax-free?
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Thursday, January 21, 2010
UK Public Spending Deficit Debt that Risks Bankrupting Britain / Economics / UK Debt
The government is set to spend an estimated £680 billion this financial year on the public sector (2009-10), that is currently running an ANNUAL £180 billion deficit, i.e. the government spends £180 billion a YEAR more than it earns which is contributing to towards igniting Britains inflationary debt spiral, that risks accelerating trend towards an hyper inflationary bust leaving savers with worthless paper and the economy in ruins.
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Wednesday, January 20, 2010
Greece Debt Default Could Take Eurozone Down With it / Economics / Global Debt Crisis
Don Miller writes: As the European Commission holds its regular monthly meeting in Brussels this week, ministers find themselves debating what to do about the Greek debt crisis -- the biggest credibility test the Eurozone has faced since the single currency was created.
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Wednesday, January 20, 2010
Forget Deflation this is Stagflation / Economics / Spain
Well, this is a pretty pass. Deflation in all things except inflation...
THEY WERE SUPPOSED to avert depression. The Bank of England continues to tout their "success".
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Wednesday, January 20, 2010
Japan Deflationary Depression Myth, Heading for an Inflationary Spiral? / Economics / Japan Economy
During the past few years you have most likely read about Japan’s so-called lost decade or its so-called deflationary malaise. And you may have heard warnings that the Japanese experience might be the dire blueprint for what’s to come in the U.S.
Since there are some striking similarities between Japan of the early 1990s and the U.S. today, it’s definitely worth the effort to have a closer look at what is going on in Japan — and what is probably going to happen in the U.S.
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Wednesday, January 20, 2010
UK Unemployment Drop Confirms Election Stealth Economic Boom Forecast 2010 / Economics / Economic Recovery
UK Unemployment fell for October data by 33,000 to 2.458 million leaving the UK jobless rate at 7.7% which is significantly below that of the U.S. at 10%. The news surprised journalists and academic economists that went scurrying to further revise forecasts that barely a few months ago were calling for UK unemployment to hit between 3 and 3.4 million by the time of the next general election. Journo-economists and academic economists have shown great consistently these past 12 months by being wrong on virtually all aspects of financial and economic activity right from the birth of the stocks stealth bull market of March 2009, straight into the election boom of 2010 and not forgetting yesterdays inflation spike.
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