Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Friday, March 13, 2009
Credit Card Cancer Spreading Through the Economy / Economics / Recession 2008 - 2010
By: Peter_Schiff
This week, with his pronouncement that "credit is the lifeblood of a healthy economy," President Obama reiterated what has been one of his most common themes in diagnosing our economic problem. The president has relied on this bedrock belief to propose policies that place the restoration of credit as the highest priority. However, despite his seemingly earnest intentions, the president and his economic advisors have misdiagnosed the ailment. Savings, not credit, is the lifeblood of a healthy economy. When not used properly credit can be like a cancer that sickens an otherwise healthy economy.Read full article... Read full article...
Thursday, March 12, 2009
In Search Of Economic Common Sense / Politics / Recession 2008 - 2010
By: Mike_Shedlock
I have been seeking economic common sense in high places. It's very difficult to find on either side of the Atlantic. And in the ever escalating displays of lack of common sense, the UK introduces quantitative easing to aid economy .
The Bank of England bought £2 billion ($2.8 billion) of government bonds Wednesday as the UK introduced quantitative easing to kickstart the ailing economy.
Wednesday, March 11, 2009
Financial and Economic Crisis Questions and Answers / Economics / Recession 2008 - 2010
By: EWI
Elliott Wave International, the world's largest market forecasting firm, receives thousands of questions every year from web site visitors and subscribers on their free Message Board .
Here the company shares 6 of the recent critical questions on the financial crisis and 6 answers provided by their professional analysts.
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Wednesday, March 11, 2009
U.S. Economic Recovery Goldilocks or More Gloom and Doom? / Economics / Recession 2008 - 2010
By: Money_Morning
William Patalon III writes: When it comes to the U.S. financial crisis, it's tough to know just what to think or who to believe these days. If you want an example, just look at yesterday (Tuesday). Citigroup Inc. ( C ) Chief Executive Officer Vikram S. Pandit revealed that the embattled banking giant was having its best quarter since 2007 , and said that he's confident about Citi's capital strength - statements that unleashed a flood of speculation that the worst of the banking crisis is over. Read full article... Read full article...
Tuesday, March 10, 2009
America's Second Great Depression and Great Stocks Bear Market Have Arrived / Stock-Markets / Recession 2008 - 2010
By: Money_and_Markets
Emergency Briefing Transcript - America's Second Great Depression has arrived; and a great bear market is here. I prayed this day would never come as often as I predicted it. But now that it's here, I have a new prayer: Read full article... Read full article...
Tuesday, March 10, 2009
Is the Recession Near Bottom? / Economics / Recession 2008 - 2010
By: Money_Morning
Martin Hutchinson writes: Last week's economic data told us two things. First, this recession is almost certainly going to be the worst since World War II. Second, the pit isn't bottomless; there are faint signs of a landing - although it is still some considerable way further down.
For investors, the prospect of a not-quite-bottomless pit in the United States is unexciting, to say the least, so it's worth looking internationally for areas where the news is rather better.
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Monday, March 09, 2009
Debt Relief and Financial System Regulation / Economics / Recession 2008 - 2010
By: Mike_Whitney
"We've explained the difference between a recession and a depression before. But we'll do it again. A recession is a pause in an otherwise healthy, growing economy. A depression is when the economy drops dead." Bill Bonner, The Daily Reckoning Read full article... Read full article...
Monday, March 09, 2009
Deflationary Depression Returns To Haunt America / Economics / Recession 2008 - 2010
By: Mike_Shedlock
David Rosenberg, North American Economist at Merrill Lynch is talking about a " Depression-Style Jobs Report "
We cannot rule out the loss of 1 million jobs in March
Monday, March 09, 2009
U.S. Economy Worsens, Obama Should Focus on Fundamentals / Economics / Recession 2008 - 2010
By: Money_Morning
William Patalon III writes: sports, championship-caliber teams all have at least one characteristic in common: They're able to focus on the fundamentals. With the U.S. unemployment rate jumping to its highest level in a quarter century in February, it's become abundantly clear that that the U.S. recession is much deeper than President Barack Obama anticipated, meaning it's likely that additional measures will be undertaken to arrest the slide and restart growth. Read full article... Read full article...
Monday, March 09, 2009
United States Enters The Greatest Depression / Economics / Recession 2008 - 2010
By: Prieur_du_Plessis
Prison Planet: Celente - US has entered “The Greatest Depression”
“Trends research analyst Gerald Celente, who has risen in prominence on the back of his deadly accurate economic predictions, says that the collapse of financial markets heralds the start of ‘The Greatest Depression'.
“In his latest Trend Alert bulletin, Celente attacks mainstream pundits who falsely predicted a market bottom and the start of a recovery, noting that conventional analysts have been proven ‘dead wrong' again and that, ‘There will be no turn around in the second quarter of 2009 or 2010 or 2011.'
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Sunday, March 08, 2009
Obama's Economic Train Wreck Gathers Speed / Economics / Recession 2008 - 2010
By: Gerard_Jackson
It's becoming increasingly clear to market players that Obama and his merry band of economic vandals are completely clueless about economics and the role of markets. These people are purely political. For them, economics is simply a matter of tax, spend and regulate. The thought that their economically and socially destructive policies could also rip the electoral ground from under them has yet to materialise. Read full article... Read full article...
Friday, March 06, 2009
The Truth Behind the Headline Unemployment Numbers / Economics / Recession 2008 - 2010
By: Andy_Sutton
The much-anticipated employment situation report for February 2009 has now been released. Markets breathed a sigh of relief, following recent conventional wisdom that things could have been much worse. Clearly they could have been. Clearly they are. December and January's numbers were both revised much higher (577,000 to 681,000 and 589,000 to 655,000 respectively). There is little doubt that when next month's report rolls around that the current stated loss of 651,000 will be revised much higher as well; likely to the 700,000 area.Read full article... Read full article...
Friday, March 06, 2009
Unemployment Soars to 8.1% as Jobs Contract 14th Straight Month / Economics / Recession 2008 - 2010
By: Mike_Shedlock
This morning, the Bureau of Labor Statistics (BLS) released the February Employment Report . Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors. Read full article... Read full article...
Tuesday, March 03, 2009
Recession Politics of the Big Lie of "Shared Sacrifice" / Politics / Recession 2008 - 2010
By: Submissions
It's everywhere you look and in every speech you listen to. Every time a politician or businessmen talks about the recession, an almost in-synch, repetitive mantra can be heard: “Shared sacrifice, equality of sacrifice, hard choices.” Oh my.Read full article... Read full article...
Tuesday, March 03, 2009
Systemic Failure of Capitalism and the Collapse of the Real Economy / Politics / Recession 2008 - 2010
By: Stephen_Lendman
After the 1929 October 24, 28 and 29 market crash, the weekly entertainment industry magazine Variety (on October 30) published its most famous ever headline: "Wall Street Lays an Egg." In October 2008, history repeated, and since the October 2007 peak, equity prices plunged over 50% after the Dow and S & P (in February) posted their second worst ever monthly percentage declines - topped only in 1933 during the depths of the Great Depression. So far, the current market drop matches its 1929 - 1932 pace, and like then, shows no signs of abating. Read full article... Read full article...
Monday, March 02, 2009
U.S. ISM Manufacturing Sector Contracts 13th Consecutive Month / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The Institute for Supply Management February 2009 Manufacturing ISM Report On Business shows "Economic activity in the manufacturing sector failed to grow in February for the 13th consecutive month, and the overall economy contracted for the fifth consecutive month." Read full article... Read full article...
Monday, March 02, 2009
U.S. Lost Decade as Record Job Losses to Continue / Economics / Recession 2008 - 2010
By: Money_Morning
William Patalon III writes: T.G.I.M (Thank goodness it's March). Unfortunately, that's what investors were saying when they closed the books on January and times have only gotten worse. The economy is weaker; the markets are lower; consumers are more frightened; and businesses of all shapes and sizes continue to struggle. Read full article... Read full article...
Sunday, March 01, 2009
Global Recession Deepens as No End to Financial Collapse / Economics / Recession 2008 - 2010
By: Prieur_du_Plessis
Reuters: Soros sees no bottom for world financial “collapse” “Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
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Saturday, February 28, 2009
World Economy Faces Credit Catastrophe, Eastern Europe in Meltdown / Economics / Recession 2008 - 2010
By: Money_and_Markets
Mike Larson Writes: Three market developments keeping me up at night - I'm a worrier by nature. I can't help it. My job is to peer around the corner, figure out what's next, and most importantly, discern what can really go WRONG in the economy and the markets.
And right now, I see three troubling developments that are keeping me up at night. These problems aren't front-page news … yet. But they are circling in the background and threatening to explode into the headlines — derailing the market in the process. I suggest you sit up and take notice. I sure am.
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Saturday, February 28, 2009
Electricity: How to Tell When the Recession is Over / Economics / Recession 2008 - 2010
By: Q1_Publishing
Government economists must be nice folks. They've had to break a lot of bad news to us since this recession started over a year ago. But they're nice. They're breaking it to us as gently as possible.
They ask, “Do you want the bad news first? Or the really bad news?”
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