Category: Double Dip Recession
The analysis published under this category are as follows.
Wednesday, August 04, 2010
GDP Report Adds to My Bearish U.S. Economic Forecast / Economics / Double Dip Recession
By: Claus_Vogt
The Commerce Department confirmed what I’ve been saying for weeks: The economy is in shambles, there is no growth momentum and the next bear market leg is about to strike!
Last Friday the Commerce Department reported that our GDP grew at an annual rate of 2.4 percent in the second quarter. That’s down from 3.7 percent in the first quarter and 5 percent in the fourth quarter of 2009.
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Tuesday, August 03, 2010
Is Consumer Spending 70% of GDP? Checkmark Recovery Revisited / Economics / Double Dip Recession
By: Mike_Shedlock
Inquiring minds are digging into the BEA report Personal Income and Outlays, June 2010
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Personal income increased $3.0 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $5.1 billion, or less than 0.1 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.9 billion, or less than 0.1 percent.
Tuesday, August 03, 2010
ECRI Stock-Market Prophet Calling for a Double-Dip Recession? / Economics / Double Dip Recession
By: Money_Morning
Jack Barnes writes:
The Economic Cycle Research Institute - referred to as the "ECRI" by anyone in the know on Wall Street - has correctly called every U.S. recession during the last 45 years.
To work its magic, theECRI charts the weekly changes in an index ofLeading Economic Indicators (WLI). Market professionals like myself very quietly use the same group of indicators to call market tops and bottoms. The indicators are so accurate in terms of what they have to say about the future that I refer to ECRI and the WLI as "The Prophet."
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Tuesday, August 03, 2010
U.S. Economic Recovery Heading For Double Dip Recession / Economics / Double Dip Recession
By: Mike_Shedlock
Bernanke thinks consumers are going to sustain the economy, but small businesses, the lifeblood of the economy sure disagree. Please consider Wells Fargo/Gallup Small Business Index Hits New Low in July
Wednesday, July 28, 2010
Kindergarten Double Dip Recession Economics / Economics / Double Dip Recession
By: Jim_Willie_CB
Double Dip used to pertain to ice cream cones, but now to dreaded return to economic recession. Green Shoots used to refer to gardening projects, then to deceptive economic viewpoints. My favorite is the second half recovery mantra, indicative of totally clueless. This year's promised recovery in the second half of the year will feature a return to recession instead, thus stripping mainstream economists of any remaining credibility. The endless links in the chain are impressive by the clueless cast of economists that disgrace the US landscape.
Wednesday, July 28, 2010
Economists Miss Durable Goods Orders Slump / Economics / Double Dip Recession
By: Mike_Shedlock
I cannot help but laugh at economists who refuse to see the economy is slowing dramatically, and somehow think manufacturing is going to lead the way to recovery.
Wednesday, July 28, 2010
U.S. Economy Heading For Double Dip Recession / Economics / Double Dip Recession
By: John_Browne
At long last, a good portion of mainstream economists now concede that a 'double dip' recession is in the cards for the United States. To head off the pain, sixteen top economists addressed an open letter to the President urging him to "stimulate" the economy with a massive new round of government spending. We feel this is a recipe for driving a recession into a depression. However, there can be few doubts that such a move is being considered in the highest policy circles. Flush from victories in financial regulation and healthcare, the Administration may feel the conditions are ripe to push through another bold initiative.
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Saturday, July 24, 2010
U.S. Jobless Claims and Housing Market Data Point to Worsening Economy / Economics / Double Dip Recession
By: Barry_Grey
Reports issued Thursday on initial claims for unemployment benefits and sales of previously owned homes confirm that the US economy is slowing dramatically.
The Labor Department reported that initial jobless claims for the week ended July 17 rose by 37,000 to 464,000. The number was far higher than the consensus forecast of economists. It underscored the bleak prospects for any significant reduction in the unemployment rate, now officially at 9.5 percent.
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Thursday, July 22, 2010
Unusually Uncertain Outlook Shows The Fed is Killing the Economy / Economics / Double Dip Recession
By: Washingtons_Blog
Fed Chairman Ben Bernanke yesterday that the outlook for the economy is "unusually uncertain".
That's not surprising.
Nothing has changed since I made the following points last December.
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Wednesday, July 21, 2010
Raising Taxes to Combat Recession, The Ultimate Fiscal Folly / Economics / Double Dip Recession
By: Richard_Daughty
When I saw that Illinois cleverly solved its budget crisis by just not paying its bills, I knew that the end is near, or would be, if we still had a dollar that was not a stupid fiat currency, because nowadays it would be child's play for the Federal Reserve to just create as money as any state wanted! And they can do it in less time than it takes to tell you about it, too!
Tuesday, July 20, 2010
ECRI Paranoid About Calling a Double Dip Recession / Economics / Double Dip Recession
By: Mike_Shedlock
Inquiring minds have been watching the ECRI's weekly leading index plunge nonstop since October of 2009. Moreover the WLI has been in negative territory for 6 consecutive weeks.
Monday, July 19, 2010
Obama's Policies Will Cause Economic Stagnation / Economics / Double Dip Recession
By: Gerard_Jackson
Grim is one word that surely sums up the state of the US economy. Without a doubt the Obama administration is the most incompetent since the lamentable Carter sat in the Oval office. Now there are some who sincerely believe that Obama has deliberately set out to destroy the economy. What else could explain his 'economic policies'? Ideologically-driven ignorance, for one.
Sunday, July 18, 2010
Nouriel Roubini Ponders the "L-Shaped Recession" / Economics / Double Dip Recession
By: Mike_Shedlock
Nouriel Roubini appears to be sticking with his "U-Shaped Recession" call, at least for now. However, his stance seems much more cautious than before.
Friday, July 09, 2010
The Global Double-Dip Recession: Which Markets to Hold… And Which Ones May Fold / Economics / Double Dip Recession
By: Money_Morning
Martin Hutchinson writes: Last week's stock-market meltdown was a worldwide affair, and was touched off by trader fears of a global "double-dip" recession.
However, the truth is that the odds of a recessionary reprise are high in just a few countries - primarily those that have experienced excessive fiscal and monetary "stimulus," or that have real inflation problems.
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Friday, July 09, 2010
Consumption Inflection Point, No One Wants Credit; Consumer Spending Plans Plunge / Economics / Double Dip Recession
By: Mike_Shedlock
Consumer credit has fallen an unprecedented 7 consecutive quarters. Moreover, credit is poised to plunge further as consumer spending plans are falling through the floor.
Thursday, July 08, 2010
Double-Dip Recessions, Economics and Ice Cream Cones / Economics / Double Dip Recession
By: Mike_Stathis
Over the past several weeks, you may have heard the back and forth debates regarding the possibility of a double-dip recession between the various media hacks and clowns they interview.
The overwhelming question has been, “Will the U.S. enter a double-dip recession?”
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Friday, July 02, 2010
Economic Recovery Withers on the Vine as Factory Orders Fall More Than Expected / Economics / Double Dip Recession
By: Mike_Shedlock
The "nascent recovery" was led by manufacturing and now the one bright spot is showing signs of age, just as state payrolls are about to get clobbered.
Friday, July 02, 2010
Double-Dip Recession Warning Signs Everywhere! Batten Down the Hatches! / Economics / Double Dip Recession
By: Mike_Larson
The bright red warning signs of a double-dip recession are flashing everywhere. And I do mean EVERYWHERE.
In just the past few days, we learned that …
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Friday, July 02, 2010
Misguided Economic Policy Paving the Way for a Double-Dip Recession / Economics / Double Dip Recession
By: Money_Morning
Jason Simpkins writes: With unemployment still hovering near 10%, policymakers should be doing all they can to combat joblessness and reinvigorate a recovery that is showing signs of weakness.
But they're not.
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Wednesday, June 30, 2010
Ferguson, Roubini vs. Krugman: Slowdown or Economic Depression for the U.S.? / Economics / Double Dip Recession
By: Dian_L_Chu
Paul Krugman, a strong supporter of fiat money, is obviously having a major distress over the G20 push to cut deficits in half by 2013, and stabilize the soaring U.S. debt. In his latest New York Times column, Krugman not only criticizes austerity measures, but also asserts that we are in the early stages of a third depression as a direct result of the spending cut.