Category: Great Depression II
The analysis published under this category are as follows.Wednesday, February 10, 2010
The Inflationary Economic Depression, PIIGS Propaganda Drives Scared Money Into the Dollar / Economics / Great Depression II
The inflationary depression still dominates and probably will continue to do so. In time the stimulus will fail to work and the world will slip into total insolvency and deflationary depression. The old M3 is about 3%, but we still have $23.7 trillion floating around. Not only is the US bankrupt, but also so is the rest of the world. It is now only a question of when the dominos will fall. It looks like the first wave in the collapse of the bear market rally is underway. Bonds will follow with higher interest rates and eventually commodities will be hit. Only gold and silver will survive, as the bankers and Wall Street complete their destruction of the world economy.
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Friday, January 29, 2010
This is Like the Great Depression and Worse / Economics / Great Depression II
Wellington Letter publisher Bert Dohmen discusses the economy, stock markets, gold, China’s Dubai-style bubble, and forecasts for 2010 and beyond with the McAlvany Weekly Commentary.
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Monday, January 25, 2010
Are We In An Economic Depression? / Economics / Great Depression II
Few professionals are yet willing to admit we have been in a depression for the last year.
You have to understand the position that economists and analysts are in. They work for corporations, insurance, Wall Street, banking and government and if they thought we were in a depression and they publicly announced that all chances for advancement would be lost or they would be squeezed out of the firm or simply fired.
Sunday, January 24, 2010
Economic Stagnation, Wars, Pandemics, Welcome to the The New Dark Age / Economics / Great Depression II
Modern humans take pride in themselves and their society due to its perceived superiority. It is contrasted most starkly with a period in Europe known as the Dark Ages , a period of little documented innovation, writing, scientific discovery, and general backwardness.Read full article... Read full article...
Tuesday, January 12, 2010
The Recession Is Over, the Economic Depression Just Beginning / Economics / Great Depression II
In late 2009, former Merrill Lynch economist, now with the Canadian firm, Gluskin Sheff, said the following:
"The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said this repeatedly that this recession is really a depression because the (post-WW II) recessions were merely small backward steps in an inventory cycle but in the context of expanding credit. Whereas now, we are in a prolonged period of credit contraction, especially as it relates to households and small businesses."
Sunday, January 10, 2010
On the Precipice of a Global Economic Avalanche That No Bailout Can Stop / Economics / Great Depression II
Bob Chapman says we’re Still In A Credit Crisis, New Liquidity Threatens Inflation. On top of that, we could very well be on the precipace of a paradigm shift in America:
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Tuesday, January 05, 2010
2010 Financial Markets and Economic Tipping Point Forecast / Stock-Markets / Great Depression II
For the last week or two “experts” and pundits have been making their forecasts for 2010. I always take these forecasts with a grain of salt. The people making the forecasts generally have some skin in the game and will tailor their forecast to benefit their particular agenda or investment portfolio. I pride myself on dishing out punishment to both political parties and most investment shills. I will take on the thankless task of predicting the future. Below are my prognostications in the areas of the economy, domestic politics, global geopolitics, and the investment markets.
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Tuesday, January 05, 2010
Keynesianism Delivers a Decade of Zero Economic Growth / Economics / Great Depression II
This past week we celebrated the end of what most people agree was a decade best forgotten. New York Times columnist and leading Keynesian economist Paul Krugman called it the Big Zero in a recent column. He wrote that "there was a whole lot of nothing going on in measures of economic progress or success" which is true. However, Krugman continues to misleadingly blame the free market and supposed lack of regulation for the economic chaos.
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Monday, January 04, 2010
Signs of Economic Depression / Economics / Great Depression II
I wanted to remind you not to lose sight of the big picture. It’s advisable to try to make money during an illusion only if you know the reality.
Remember, consumer confidence and investor sentiment can and often creates illusions that can lead to big gains in stock market. But at some point, reality sets in.
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Thursday, December 31, 2009
Inflationary Pause Before the Deflationary Collapse / Economics / Great Depression II
Washington's Bipartisan Betrayal: The 2015 Global Financial Crisis - The time has come for new year's resolutions. The House passed the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173) on December 11, 2009. It gives $4 trillion in "emergency funding" to our largest banks during the next financial crisis. Instead of reform, Congress offers even bigger bailouts. Unless we change direction, we will have another crisis by 2015. Congress has made all the wrong moves to guarantee it.
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Thursday, December 24, 2009
Labour Government Ends 2009 With Britain's Greatest Economic Depression / Economics / Great Depression II
UK GDP for the 3rd Quarter was revised marginally higher to minus 0.2% from the earlier ONS estimate of minus 0.3%. The year has witnessed 'think tanks' and academic institutions flailing in all directions as optimistic forecasts of earlier in the year proceeded to be continuously revised lower in terms of economic contraction and then by late summer in advance of third quarter GDP data starting to anticipate an economic recovery in the third quarter with consensus for a 0.3% growth which failed to materialise.
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Tuesday, December 22, 2009
The Recession Is Over but the Economic Depression Has Just Begun / Economics / Great Depression II
Edward Harrison writes: This is an updated version of a post I wrote about two-and-a-half months ago over at Credit Writedowns. When I wrote it, I had been looking for bullish data points as counterfactuals to my bearish long-term outlook. I found some, but not nearly enough.
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Monday, December 21, 2009
Is the Economic Stimulus Recovery Party Over? / Economics / Great Depression II
Is the Fed’s free money, economic “reflation” party coming to an end?
There are a lot of well-publicized signs it may be.
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Friday, December 18, 2009
World Wide Economic Depression, Maybe Its Time to Become a Farmer? / Commodities / Great Depression II
Jim Rogers, if nothing else, has no axe to grind when he shares his observations on the markets. Unlike most of the Wall Street analyst, he actually does some serious homework on his investment themes. For example, between January 1, 1999 and January 5, 2002, Rogers traveled through 116 countries, covering 245,000 kilometers, seeing what was going on in the world first hand.
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Friday, December 11, 2009
Barack Obama Ensures a Long Economic Depression / Economics / Great Depression II
Political success, as reflected in the recent gubernatorial races appears ever-more staked on the state of the economy. Official unemployment recently measured 10 percent, though the more-honest gauge (U-6) shows the nation running unemployment at a Depression-like 17.2 percent.
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Wednesday, December 09, 2009
Have We Avoided the Economic Depression Many Feared? / Economics / Great Depression II
President Obama spoke about the economy at the Brookings Institution.
Read full article... Read full article...“We acted to get lending flowing again, so businesses could get loans to buy equipment and ordinary Americans could get financing to buy homes and cars, to go to college, and to start or run businesses. We enacted measures to stem the tide of foreclosures in our housing market, helping responsible home owners stay in their homes and helping to stop the broader decline in home values which was eating away at what tends to be a family’s largest asset.
Sunday, December 06, 2009
Deflationary Economic Depression 2010, Ready or Not Here it Comes! / Economics / Great Depression II
Much has been written about the Great Depression and the present crisis. There is much that is similar and some that is not. The differences explain why events have unfolded differently. The similarities explain why the end will be the same.
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Saturday, November 07, 2009
Risk Trade Collapse Could Trigger Global Economic Depression / Economics / Great Depression II
A lot of focus was given to the central banks’ meetings this week.
That’s because a lot of people would really like to see target rates start moving up from their low levels.
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Monday, November 02, 2009
The Government Will Default on Its Debts / Economics / Great Depression II
The governments of every major nation are going to default on their debts. There are two relevant questions: (1) How? (2) When?
Establishments around the world all deny this. They have gained power and wealth by means of the expansion of government. They have justified their success by insisting that the government-business alliance is the only way to establish economic growth and economic security for the masses. This claim rests on a more fundamental claim, namely, that an unhampered free market is destructive of economic stability and will inevitably lead to economic depression.
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Monday, November 02, 2009
Is Debt-Deflation Economic Depression Just Beginning? / Economics / Great Depression II
Last Thursday I received an email from David Meier, Associate Advisor at the MotleyFool concerning Debt-Deflation.
David asked if I had any comments on his article Debt-deflation: Just the beginning? Here is a partial listing: