Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Monday, April 26, 2010
U.S. Economy Could Be Facing More of a Downturn Than a Recovery / Economics / Recession 2008 - 2010
By: Gerard_Jackson
All is well. Reuters declared that the US is experiencing a "sturdy recovery". This is the same phony news agency that used to choke on the word recovery when used by the Bush administration. Now some American conservatives are warning that Republicans are being dangerously bearish on the economy, that there are signs, weak as they are, that a recovery is underway. Matthew Continetti of the conservative Weekly Standard states that the "natural tendency of economies is to grow". Nevertheless, he seriously questions whether Obama would now benefit from a recovery.
Monday, April 19, 2010
California Unemployment Soars, Underemployment at 24% / Economics / Recession 2008 - 2010
By: Global_Research
Dr Housing Bubble writes: California has reached another unfortunate record. The headline unemployment rate pushed up to a record breaking 12.6 percent. This translates to 2.3 million Californians completely out of work. We also have a large number that are working part-time but would like full-time employment. When we look at the California budget and economy we cannot separate out jobs from the condition of the housing market.
Thursday, April 15, 2010
The Economic Recovery Is Not Real Even Though Ben Bernanke is ‘Confident’ / Economics / Recession 2008 - 2010
By: Mac_Slavo
Federal Reserve Chairman Mr. Ben The-Sub-Prime-Crisis-Is-Contained Bernanke says that he has confidence in the recovery:
Thursday, April 15, 2010
Political Earthquake Coming, Where is the Economic Recovery? / Economics / Recession 2008 - 2010
By: Gary_North
"Mirror, mirror on the wall. Who's to say the economy has stopped its fall?"
"The NBER, dummy!"
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Tuesday, April 13, 2010
It’s Impossible to “Get By” In the U.S. / Personal_Finance / Recession 2008 - 2010
By: Graham_Summers
While the market cheers on the fantastic job “growth” of March 2010, the more astute of us are concerned with a growing tide of personal bankruptcies. March 2010 saw 158,000 bankruptcy filings. David Rosenberg of Gluskin-Sheff notes that this is an astounding 6,900 filings per day.
Wednesday, April 07, 2010
William Engdahl: U.S. Economy Won't Recover For at Least 15 Years / Economics / Recession 2008 - 2010
By: Submissions
RT speaks to renowned economist William Engdahl, who shares his views on the recent Greek crisis, and the role American corporations played in it.
Wednesday, April 07, 2010
The Global Economic Crisis: Riots, Rebellion and Revolution / Politics / Recession 2008 - 2010
By: Andrew_G_Marshall
This is Part 3 of the series, "When Empire Hits Home."
Part 1: War, Racism and the Empire of Poverty
Part 2: Western Civilization and the Economic Crisis: The Impoverishment of the Middle Class
As nations of the world are thrown into a debt crisis, the likes of which have never been seen before, harsh fiscal ‘austerity’ measures will be undertaken in a flawed attempt to service the debts. The result will be the elimination of the middle class. When the middle class is absorbed into the labour class – the lower class – and lose their social, political, and economic foundations, they will riot, rebel, and revolt.
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Saturday, March 20, 2010
Fake Forecasts, Misleading Statistics, Misguided Policies, Mass Unemployment and the Current Economic Crisis / Politics / Recession 2008 - 2010
By: Global_Research
Prof. Alan Nasser writes: On March 17 Congress passed the “Hire Now Tax Cut” giving companies a break from paying Social Security taxes for the remainder of the year on any new workers hired who have been unemployed for at least 60 days.
The legislation is a token response to the emerging consensus in both the mainstream and independent media that the economy’s unemployment problem is cumulative, structural and long term. But the prescription is entirely inadequate to the diagnosis. This should come as no surprise, as official sources have offered muddled and confusing accounts of the patient’s malaise.
Thursday, March 04, 2010
Economic Recession, Depression, or Systematic Breakdown / Economics / Recession 2008 - 2010
By: James_Quinn
As crooked politicians, Federal Reserve hacks, and cheerleading media pundits inform you the recession is over, you probably have a sneaking suspicion they are lying.
The National Bureau of Economic Research is the arbiter of business cycle recessions. They define a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production.”
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Wednesday, March 03, 2010
Is The Recovery Real? The US Economy is Set for a “Double-Dip” Recession / Economics / Recession 2008 - 2010
By: Paul_Craig_Roberts
Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over.Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation. That leaves a 1.8 percent growth rate, and the 1.8 percent is likely due to the underestimate of inflation and other statistical problems.
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Monday, March 01, 2010
Dont Bet on a Economic Recovery / Economics / Recession 2008 - 2010
By: Peter_Schiff
It is astounding how many economists, government officials, and Wall Street strategists construe the current economic conditions as evidence of a bona fide recovery. It is a testament to the power of the rose colored glasses handed out by our nation's leading universities that such a feeling could be widely held despite the clear and present danger that compounds daily. The myopia leads us to enact policies that actually exacerbate our problems. The "remedies" are postponing, perhaps indefinitely, a true recovery.
Monday, March 01, 2010
I'm Sure Glad The Recession Ended / Economics / Recession 2008 - 2010
By: Mike_Shedlock
It's a good thing the recession ended. Otherwise, key economic charts might look something like this.
Thursday, February 25, 2010
U.S. Weekly Unemployment Claims Spike, Will Economic Reality Soon Set In? / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Yesterday the market rallied the moment Bernanke started yapping to Congress about holding interest rates low for a considerable length of time. Pray tell what did he say that anyone should not have expected?
Sunday, February 21, 2010
UK and Eurozone Economic Recovery Over, Bundesbank Fears Second Wave of Credit Crisis / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Recent data shows the economic slump in the UK and Eurozone is accelerating to the downside at a rapid pace. Let's review a few articles supporting that view.
Wednesday, February 17, 2010
Real, Uglier American Unemployment / Politics / Recession 2008 - 2010
By: Joel_S_Hirschhorn
Great Recession is shown by an official unemployment rate of about 10 percent, think again.
Economic inequality and the myth of Reagan trickle down logic are shown by new data from the Center for Labor Market Studies at Northeastern University in Boston . The report noted: “What has been missing from the public debate over the labor market crisis is an honest and detailed analysis of which American workers have been most adversely affected by the deep deterioration in labor markets.” The researchers found a correlation between household income and unemployment rate in the last quarter of 2009: Look carefully at these numbers and see how unemployment rises as income drops:
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Wednesday, February 17, 2010
The Consequences of Economic Terrorism are Poverty and Mass Unemployment / Politics / Recession 2008 - 2010
By: Global_Research
David DeGraw writes: “The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.” — Michael Lind, To Have and to Have Not
Tuesday, February 16, 2010
Is the Recession Over? / Economics / Recession 2008 - 2010
By: John_Mauldin
There is some debate about whether the recession is over. The National Bureau of Economic Research (NBER), a non-governmental organization made up of economists, has a committee that meets and decides after the fact when recessions begin and when they end. Martin Feldstein, the former president of the NBER, focusing on the job market, said last November that "the current downturn is likely to last much longer than previous downturns ... We will be lucky to see the recession end in 2009."
Friday, February 12, 2010
Misguided Economists Say U.S. Unemployment Rate Has Peaked / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Economists are giddy once again, following news that weekly unemployment claims dropped to 440,000.
"In the week ending Feb. 6, the advance figure for seasonally adjusted initial claims was 440,000, a decrease of 43,000 from the previous week's revised figure of 483,000. The 4-week moving average was 468,500, a decrease of 1,000 from the previous week's revised average of 469,500."
Monday, February 08, 2010
US Bankruptcies Rise 7% Year over Year / Economics / Recession 2008 - 2010
By: Trader_Mark
Despite enjoying 2 full quarters of 'recovery', and coming off a hefty 5.7% GDP quarter - the reality is not so happy down on Main Street (business). Keep in mind the year over year comparisons are versus the period of time (fall 2008/winter 2008-2009) when the recession was at its deepest, so to see continued "growth" in this area is certainly not a green shoot. However, I am sure it can be explained away as all bad news is... let me think of an appropriate head in sand response. Ah yes... let's throw this on the pile of "it's a lagging indicator". Via Reuters:
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Monday, February 08, 2010
U.S. 11% Unemployment Coming by May? / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Over the weekend I received an email from Irishscot2, a poster on MarketWatch, regarding seasonal adjustments to the unemployment rate.