Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Sunday, August 09, 2009
U.S. Financial System is Bankrupt, Economy is Spinning Out of Control / Economics / Recession 2008 - 2010
By: Mike_Whitney
The World needs a breather from the US. And they'll get it sooner than many think
We're making this way too complicated. It's simple really.
Friday, August 07, 2009
Depression Level U.S. Unemployment Statistics on Track to Break Above 10% / Economics / Recession 2008 - 2010
By: Mike_Shedlock
This morning, the Bureau of Labor Statistics (BLS) released the June Employment Report.
Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction..
Thursday, August 06, 2009
Charting the U.S. Recession Unemployment Crisis / Economics / Recession 2008 - 2010
By: Mike_Shedlock
I have been following a number of unemployment charts showing just how bad the current recession is. Click on any chart to see a sharper image.
Thursday, August 06, 2009
Obama and the Economy, Propaganda and Truth / Economics / Recession 2008 - 2010
By: LewRockwell
Travel with me back to yesterday, the early days of the Reagan administration, when taxes were being cut and spending increases were being curbed (the actual cuts were few), and when journalists were losing their heads about the supposedly catastrophic state of the economy.
Wednesday, August 05, 2009
ISM Shows Recession Not Over Yet / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The horn tooters have to wait at least another month before the recession is over judging from the non-manufacturing ISM numbers.
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Wednesday, August 05, 2009
State of the U.S. Economy, "This is Not a Free Market" / Economics / Recession 2008 - 2010
By: Submissions
The Renegade Economist goes to New York to hear Dr. Michael Hudson's views on the state of the US Economy.
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Wednesday, August 05, 2009
U.S. Economy GDP Review, Where is the Consumer? / Economics / Recession 2008 - 2010
By: John_Mauldin
This week I am in the office for just one day, but I can rely on my friend Dave Rosenberg to give us solid insight on the latest GDP numbers for this week's Outside the Box. Dave slices and dices to show us what really happened. David was the former Chief Economist at the former Merrill Lynch (ah, Mother Merrill, we barely knew ye.) and is now Chief Economist at Gluskin Sheff + Associates Inc., which is one of Canada's pre-eminent wealth management firms. Founded in 1984, they manage $4.4 billion. David notes that the data gives us a mixed picture.
Tuesday, August 04, 2009
Latvia Economic Crisis as Thatcher Free Market Model Collapses / Economics / Recession 2008 - 2010
By: F_William_Engdahl
The global financial and economic crisis has hit the small Baltic country Latvia harder than any single country with the possible exception of Iceland. As part of its attempt to join the European Monetary Union the country has fixed its currency the Lats to the Euro. The result has been to make a bad situation catastrophic. How the situation develops will have direct bearing on the fate of many emerging countries of eastern Europe. It marks the death of the radical experiment with Thatcherism in eastern Europe.
Tuesday, August 04, 2009
U.S. Federal Tax Revenues Suffer Biggest Drop Since Great Depression / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Recession? What recession? This is a depression. No it's not the great depression, but this is no ordinary recession as measured by housing, jobs, the stock market, the CPI, auto sales, and now federal tax revenues.
Tuesday, August 04, 2009
Frugality Trumps Quantitative Easing Money Printing / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Once again, deflation has a firm grip on Japan. Symptoms include falling wages, rising unemployment, weakening consumer demand, and falling prices.
Tuesday, August 04, 2009
Thoughts On The Recoveryless Economic Recovery / Economics / Recession 2008 - 2010
By: Mike_Shedlock
In response to Military vs. Non-Military Durable Goods in Pictures where I suggested the "bottom may be in", many people asked "how so?"
For example "They Stole My Country" writes:
Monday, August 03, 2009
The Recession Is OVER! ???? / Economics / Recession 2008 - 2010
By: Andrew_Abraham
So says the cover of Newsweek! The RECESSION IS OVER! I am so glad they know the future. Where were they in predicting the calamity that the majority of the world went through? The global recession has left few survivors. Home prices throughout most of the world have imploded. This economic recession has destroyed families and some are living in tent cities.
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Saturday, August 01, 2009
U.S. Economy Q2 GDP Contraction, Awaiting the Revision for Real Data / Economics / Recession 2008 - 2010
By: Paul_L_Kasriel
The Commerce Department's first guess at second-quarter real GDP has the U.S. economy contracting at only 1.0% annual rate compared to the first quarter's downwardly revised annualized contraction of 6.4% (previously reported as a 5.5% rate of contraction). On a year-over-year basis, real GDP was down 3.9% in the second quarter, the most severe year-over-year decline in the post-WWII era (see Chart 1).
Saturday, August 01, 2009
Weekly Unemployment Claims Portend Disaster / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The Department of Labor Weekly Unemployment Report is now so skewed by abnormalities, it is difficult to get a clear picture. First, let's take a look at the data.
Saturday, August 01, 2009
The Debt Super Cycle and the Great Reflation Experiment of 2009 / Economics / Recession 2008 - 2010
By: John_Mauldin
The Great Reflation Experiment
The Debt Super Cycle
Some Background on US Inflation
Implications for Investors
The question we have been focused on for some time now is whether we end up with inflation, or deflation, and what that endgame looks like. It is one of the most important questions an investor must ask today, and getting the answer right is critical. This week, we have a guest writer who takes on the topic of the great experiment the Fed is now waging, which he calls The Great Reflation Experiment.
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Saturday, August 01, 2009
The Recession is Over, What to Do Now / Stock-Markets / Recession 2008 - 2010
By: Q1_Publishing
One of the most watched indicators just flashed the “sell” signal…
What are you going to do?
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Friday, July 31, 2009
Economic Recovery, Pass out the 3D Glasses / Economics / Recession 2008 - 2010
By: Andy_Sutton
It doesn’t take long these days to find an economic bull that’s for sure. Whether you turn on the television, radio, or pick up a newspaper, they’re everywhere. The most popular phrase to date has obviously been Bernanke’s ‘Green Shoots’ comment made several months ago now. Boy have we gotten some mileage out of that one.
Friday, July 31, 2009
Economic Recovery, Happy Days Aren’t Here Again? / Economics / Recession 2008 - 2010
By: Peter_Schiff
Have you heard the great news? The recession is over! It’s true; I saw it on TV. Why fret about growing unemployment lines when banks are paying big-time bonuses again?
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Friday, July 31, 2009
Urgent Financial and Economic Crisis Investment Strategy Update / Stock-Markets / Recession 2008 - 2010
By: Money_and_Markets
Hello — this is Martin Weiss with an important strategy update.
It’s only fair to acknowledge that the economic depression I foresaw in my book and in my reports is unfolding more slowly than I had expected.
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Thursday, July 30, 2009
Banks Branch Network Over Expansion Points to Negative Returns / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Banks have finally come to a realization there does not need to be a branch on every corner. If this story sounds familiar it is because the same discussions took place in 2000.