Category: Recession 2008 - 2010
The analysis published under this category are as follows.
Sunday, April 19, 2009
Deflationary Recession Over? U.S. Economy Booming Again? / Economics / Recession 2008 - 2010
By: Money_and_Markets
Mike Larson writes: It’s hard to find anyone who’s still bearish on the economy or the market these days. Listen to the average pundit on CNBC and this is what you’ll hear:Read full article... Read full article...
Thursday, April 16, 2009
The Year of Cockeyed Economic Optimism Amidst a Fake Recovery / Politics / Recession 2008 - 2010
By: Mike_Whitney
"The foundations of our economy are strong" - Retail sales fell in March as soaring job losses and tighter credit conditions forced consumers to cut back sharply on discretionary spending. Nearly every sector saw declines including electronics, restaurants, furniture, sporting goods and building materials. Auto sales continued their historic nosedive despite aggressive promotions on new vehicles and $13 billion of aid from the federal government.
Tuesday, April 14, 2009
Leading U.S. Economic Indicators Point to Improvement / Economics / Recession 2008 - 2010
By: Clif_Droke
Since the start of the new millennium and new century, many of the old truisms that applied to economic forecasting are no longer relevant. So many things have changed in the last nine years that a new set of economic “rules” is in order.Read full article... Read full article...
Saturday, April 11, 2009
The Economic Crisis: No, this will not be a Normal Cyclical Recovery / Economics / Recession 2008 - 2010
By: Global_Research
Prof. John Kozy writes: The Congress, at the behest of corporate lobbyists, wrote into legislation the rules that permitted companies to offshore jobs, reduce real wages, and permit risky financial practices. Therein lies the root cause of this crisis. Read full article... Read full article...
Saturday, April 11, 2009
Global Economic Crisis to Last 3 More Years / Economics / Recession 2008 - 2010
By: Pravda
The Russian authorities have been lost in their own forecasts. First Vice Prime Minister Igor Shuvalov once said that Russia had already overcome the peak of the crisis. Hardly had the Russians rejoiced over the news when Finance Minister Aleksei Kudrin showed everyone from heaven to earth when he said that Russia was expecting a second wave of the crisis.Read full article... Read full article...
Friday, April 10, 2009
Economic Meltdown 2009 is Worse than the Great Depression / Economics / Recession 2008 - 2010
By: Mike_Whitney
It's been 21 months since two Bear Stearns hedge funds defaulted setting off a series of events which have led to the gravest economic crisis since the Great Depression. No one expected the financial meltdown to hit this hard or spread this fast. The failure at Bear triggered a freeze in the secondary market where mortgage loans are repackaged into securities and sold to investors. That market is now completely paralyzed cutting off 40 percent of funding for consumer and business loans and thrusting the broader economy into a deep recession. Read full article... Read full article...
Friday, April 10, 2009
The Global Synchronized Recession / Economics / Recession 2008 - 2010
By: Money_and_Markets
Even Walt Disney Couldn't Have Imagined This …
Tony Sagami writes: My son, Kenji, was only three years old when I took him to Disneyland. And his favorite two rides were Dumbo the Flying Elephant and It's a Small World . I swear, I had to listen to my son sing It's a Small, Small World a couple hundred times over the next week.
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Friday, April 10, 2009
Government Unemployment Data is Fatally Flawed! Real Jobless Rate is 19.8%! / Economics / Recession 2008 - 2010
By: Money_and_Markets
Martin Weiss writes: Many years ago, when Dad and I used to look at official data and analysis, we knew they were flawed. So we developed our own. That's how we figured out that the capital of savings and loans was grossly overstated and that thousands of S&Ls were headed for a massive bust. Read full article... Read full article...
Friday, April 10, 2009
The Economy / Politics / Recession 2008 - 2010
By: LewRockwell
John Liechty writes:
To date I have twice been robbed of lots of money (or what seemed like lots of money). The first theft occurred overseas when I was at a dinner party. Someone must have seen me at the bank withdrawing cash, and followed me home. Later that night the same someone crawled through an unlocked window and headed straight for the bank envelope. The moral was plain (not that I mastered it) – lock your house and don't be an ass. The latest theft occurred in my native country. I learned about it when a piece of paper arrived suggesting that my "investments" were melting like cotton candy in a squall. Read full article... Read full article...
Thursday, April 09, 2009
Consumer Demand Destruction Continues as U.S. Trade Gap Narrows to 9 Year Low / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Demand destruction continues unabated, and with it the US Trade Gap Narrows to Nine-Year Low . The U.S. trade deficit tumbled in February to the lowest level in nine years as collapsing demand from consumers and companies reverberated around the globe.
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Thursday, April 09, 2009
Great Depression or Hyperinflation? / Economics / Recession 2008 - 2010
By: Money_Morning
Is it 1932 – or 1923?
Martin Hutchinson writes: reports in the media have pointed out that this global recession is “worse than anything since the Great Depression.”
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Thursday, April 09, 2009
Rampant Signs of Economic Deflation as Consumer Spending Contracts / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Signs of deflation continue to mount in numerous areas. Let's take a look at some headlines starting with a consumer spending survey: Consumer Spending to Drop Again.
U.S. consumer spending will falter after a first-quarter spurt and recover only gradually toward the end of the year, a monthly Bloomberg News survey showed. Read full article... Read full article...
Wednesday, April 08, 2009
Close Look at the Accelerating Rate of U.S. Unemployment / Economics / Recession 2008 - 2010
By: Mike_Shedlock
The trend in unemployment is unmistakably up and accelerating. Let's start with a discussion of widely followed data followed by many additional charts that you may not have seen before.
Wednesday, April 08, 2009
First Panic on Wall Street, Then on Main Street / Politics / Recession 2008 - 2010
By: LewRockwell
Gary North writes: We have not yet seen panic on Main Street. The malls' parking lots are full. Most yuppie restaurant chains are still in business. Their local restaurants may not be as full as they were a year ago, but they are open for business. There are still shoppers at Wal-Mart. Read full article... Read full article...
Tuesday, April 07, 2009
U.S. Budget Expands Size of Government as Economy Contracts / Politics / Recession 2008 - 2010
By: Dr_Ron_Paul
Last week the House passed another budget that increases federal power, raises taxes, and increases the national debt. I voted against it, and was pleased to see that not a single Republican representative voted for it. Legislators often see bipartisanship as constructive, but I disagree especially where the destruction of our economy or our liberty is concerned. There has been too much bipartisan consensus on expanding government far beyond the bounds of the Constitution which we all swore to defend and uphold. Because of this, I have never been able to vote for a budget. However, it was good to see Republicans come together on this important vote, even if their alternative budget was almost as bad.Read full article... Read full article...
Monday, April 06, 2009
Bankruptcy Time Bomb in U.S. and UK Explodes / Economics / Recession 2008 - 2010
By: Mike_Shedlock
Bankruptcies are soaring in the US and UK. With jobs increasing hard to find, the Downturn Pushes More Toward Bankruptcy . The ailing economy continues to pull more Americans into bankruptcy court, where the number of troubled consumers filing for protection soared in March to its highest level since October 2005, when a new law made it more arduous and expensive to file.
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Monday, April 06, 2009
Artists Rendition of the State of the U.S. Economy / Politics / Recession 2008 - 2010
By: Mike_Shedlock
I received a unique email from Scott Moore about the State of the Economy. Scott writes:
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Saturday, April 04, 2009
Economic Depression, Another 663,000 U.S. Jobs Lost in March / Economics / Recession 2008 - 2010
By: Submissions
Peter Morici writes:
The Labor Department reported the economy lost 663,000 payroll jobs in March. The economy is shifting to permanently lower levels of production and employment, as the recession nears turns into a depression. Unemployment reached 8.5 percent, and adding in discouraged adults who have left the labor force and part-time workers who would prefer to work full time, the real unemployment rate is closer to 17 percent.
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Saturday, April 04, 2009
BLS BS U.S. Unemployment Statistics / Economics / Recession 2008 - 2010
By: Mike_Paulenoff
For seven consecutive months the Bureau of Labor Statistics (BLS) has revised downward, prior job loss data. The New York Times mentioned this on March 6 in Will Job Numbers Keep Being Revised Down?
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Friday, April 03, 2009
U.S. Jobs Contract 15th Straight Month; Unemployment Rate Soars to 8.5% / Economics / Recession 2008 - 2010
By: Mike_Shedlock
This morning, the Bureau of Labor Statistics (BLS) released the March Employment Report . Nonfarm payroll employment continued to decline sharply in March (-663,000), and the unemployment rate rose from 8.1 to 8.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Since the recession began in December 2007, 5.1 million jobs have been lost, with almost two-thirds (3.3 million) of the decrease occurring in the last 5 months. In March, job losses were large and widespread across the major industry sectors. Read full article... Read full article...