Category: Recession 2008 - 2010
The analysis published under this category are as follows.Friday, May 27, 2011
Equities And Treasuries Forecasting Past Recessions / Stock-Markets / Recession 2008 - 2010
One thing the 2007 recession taught us is how horrible the equity market was at forecasting economic contraction. The S&P 500 peaked in October 2007, just two months before the recession officially began. By contrast the 2001 recession saw the S&P 500 peak nine months earlier.
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Wednesday, September 22, 2010
Hooray, the U.S. Recession Is Over! / Economics / Recession 2008 - 2010
Some days, it's embarrassing to be a professional economist. On Monday, the National Bureau of Economic Research (NBER) officially declared that our recession had ended — 15 months ago. Yes, that's right, just as more and more analysts are worried about the economy imploding again, the NBER announces that the recession ended back in June 2009. The whole episode underscores the crudity of mainstream economics.
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Friday, August 27, 2010
Why We May Already Be In Recession! / Economics / Recession 2008 - 2010
First let’s look at the trend.
After an unusual four straight quarters of negative growth in the severe 2008-2009 recession, the recession ended in the September quarter of last year when GDP managed fragile growth of 1.6% for the quarter, and then improved to 5.0% growth in the December quarter.
Monday, August 23, 2010
U.S. 3rd Quarter GDP Likely Negative, Recession Never Ended / Economics / Recession 2008 - 2010
While some people still think the odds of a double dip recession are close to zero, ironically, the only reason they may be right is if the first dip never ended.
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Sunday, August 22, 2010
U.S. Recession Never Ended, Where is My V Shaped Economic Recovery? / Economics / Recession 2008 - 2010
How We Get Through
"Where Is My V-Shaped Recovery?"
We Have Met the Enemy, and He Is Us
So Where's the Good News?
This week I spoke to a small group of businessmen/entrepreneurs about the current economic environment, and after my presentation one asked me whether I didn't have any good news for them, with a kind of gallows humor laugh. And I tried. But upon reflection there is more I could have said, so this week's letter will be what I should have said to be a little more encouraging.
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Saturday, August 21, 2010
The Myth of the Engineered Recession / Economics / Recession 2008 - 2010
There are lots of myths out there, but of all the recent financial myths that afflict the conservative movement, this one is the most preposterous: "The bankers engineered the 2008 financial crisis."On first glance, the theory seems nutty. How did these people benefit from enormous financial losses? But when you examine it in depth, it seems even more nutty.
Friday, August 20, 2010
The Economic Recovery Was An Illusion – And That’s A Good Thing! / Economics / Recession 2008 - 2010
In July, I wrote an article titled ‘Is The Recovery An Illusion?’ With the additional evidence that has come in since there really is no doubt about it.
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Monday, August 16, 2010
Geithner’s Delusional Economic Recovery / Economics / Recession 2008 - 2010
Bill Bonner here at The Daily Reckoning writes that Tim Geithner, Secretary of the Treasury of the United States of America, is the author of the now-infamous “Welcome to the Recovery” piece he wrote for The New York Times, which I meant to read, and tried to read, but I could only get part way through it before getting visibly upset with such self-serving, lying, sophomoric qualitative excuse-mongering.Read full article... Read full article...
Monday, August 16, 2010
President Obama's Nightmare U.S. Economy / Economics / Recession 2008 - 2010
Sometimes it pays to keep flogging a dead horse. In this instance the horse is Obama's destructive economic policies. Before he was even elected I predicted that as president he would prove to a disaster. In December 2008 I warned that Americans would have to fasten their "seatbelts" and in July last year I alerted readers to the dangers of economic stagnation that his policies would produce.
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Saturday, August 14, 2010
Florida Economic Problems Much Worse Than the BP Gulf Oil Spill / Economics / Recession 2008 - 2010
Doug Hornig, Senior Editor, Casey Research writes: Media coverage of the oil spill's effect on the Gulf focusing on tourist income lost by the waterfront towns - with footage of empty beaches, restaurants and T-shirt shops - dominates the news. Interviews with devastated business owners are heart rending. But they always end with references to somehow hanging on until "things get back to normal."
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Tuesday, August 03, 2010
The Third Anniversary Of The Financial and Economic Crash / Politics / Recession 2008 - 2010
“Those Were The Days, My Friend. I Thought They’d Never End.” They Haven’t
We live in the United States of Amnesia and selective memory. As we debate the breaking news, we easily forget the sequence of events that broke the bank and left us broke.
Saturday, July 31, 2010
Are We Out of the Recession Yet? / Economics / Recession 2008 - 2010
Are We There Yet?
Driving with No Spare
A Muddle Through Economy
Absent a Policy Mistake
"... [this economic condition] has been brought about by policies which the majority of economists recommended and even urged governments to pursue. We have indeed at the moment little cause for pride: as a profession we have made a mess of things."
- Friedrich August von Hayek, Nobel Speech 2010 1974
Saturday, July 24, 2010
U.S. Jobs Situation Worse Than Broadcast / Economics / Recession 2008 - 2010
The unemployment numbers for June 2010 were worse than articulated. The headline number said 83,000 private sector jobs were created and the unemployment rate slipped to 9.5% from 9.7%. Sounds like things are looking up. But, as you might expect, the devil is in the details and the details tell a different story.
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Thursday, June 24, 2010
We Cannot Afford a Double Dip Economic Recession / Economics / Recession 2008 - 2010
By Alex Daley, Senior Editor, Casey Research writes: Talk of a double-dip recession is seemingly increasing these days. Home sales have dropped like a brick since the end of the special tax breaks for buyers. Weekly job reports are showing much larger rises in unemployment claims than previously expected by whoever it is that decides what exactly is expected - 427,000 new filings in just the last weekly report.
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Wednesday, June 23, 2010
Two Leading Economic Indicators Point to Another Recession / Economics / Recession 2008 - 2010
There are two well-known and important leading economic indexes for the U.S. economy:
• The Conference Board’s Leading Economic Index (LEI), and
• The Weekly U.S. Leading Economic Index published by the Economic Cycle Research Institute.
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Wednesday, June 16, 2010
United States Construction Industry in Death Spiral / Economics / Recession 2008 - 2010
How bad are things in the construction industry? Worse than many really know as Housing Starts in U.S. Fell to a 593,000 Pace in May
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Monday, June 14, 2010
U.S. Economy Heading For the Rocks? / Economics / Recession 2008 - 2010
If you read Reuters, Associated Press and the rest of the phony news outlets the US economy is on the mend and it's only a matter of time before happy days are here again. If you are one of the unemployed or underemployed things are indeed gloomy. And no wonder. The Wall Street Journal reports that in the first quarter not one venture-backed company went public. This hasn't happened since 1980. Adding to the economy's woes we find that of the 431,000 non-farm jobs created last month a mere 41,000 was in the private sector, less than 10 per cent. To top it off, manufacturing also started to slow.
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Tuesday, June 08, 2010
Paul Krugman's Magic Keynesian Mirror Sees Non Exsistant Economic Recovery / Economics / Recession 2008 - 2010
Paul Krugman is quite upset with the deficit hawks at the G-20, so much so that he says Lost Decade, Here We Come
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Monday, June 07, 2010
The Phantom Economic Recovery / Economics / Recession 2008 - 2010
In recent months, GDP numbers have rebounded - primarily as a result of record low interest rates reliquifying the credit market and government stimulus jolting consumer spending. Although the "positive growth" has delighted Obama's economic brain trust, it has done little to boost the fortunes of Main Street. As I have said many times, GDP largely measures spending, and spending is not growth.
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Wednesday, May 19, 2010
Economic Meltdown, Only Entrepreneurs Can Save Us / Economics / Recession 2008 - 2010
Jim Davies writes: As the absurd machinery of government staggers daily towards total breakdown, to be "rescued" however temporarily by this or that stimulus of printed money, I'm hearing the view that the end is near, that freedom is just around the corner, that the collapse of the statist paradigm is almost upon us. Please, not so fast!
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