economic depression
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Welcome to the 'economic depression' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'economic depression'.
Latest blogosphere posts tagged “economic depression”
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News from 1930: Closing of Bank of United States
Credit Writedowns —
Authority: 671
The closing of the Bank of the United States could be considered the event during the Great Depression that was most akin for the U.S. to the collapse of Lehman Brothers last year. The event occurred on 12 December 1930 – so 79 years ago yesterday. The blog News from 1930 details the events from that day as ...21 hours ago -
Greece risks financial Armageddon while Ireland makes cuts
Credit Writedowns —
Authority: 671
The Irish government announced draconian spending cuts of 6 billion Euros in order to stave off a debt crisis in the worst modern-day downturn in the nation’s history. Even so, Irish government bond yields have been rising relative to German government bond yields, the benchmark for the Eurozone. Over the past ...23 hours ago -
Standard Bank says Greece and Ireland may leave Eurozone
Credit Writedowns —
Authority: 671
The headline at Bloomberg reads “ Ireland, Greece May Leave Euro, Standard Bank Says .” Before I even started reading this I was sceptical. The Telegraph’s Ambrose Evans-Pritchard makes calls like this, but his Euro-sceptic views are well-known. Here’s what the article says: The absence of a mechanism ...3 days ago -
News from 1930: “Playing politics at the expense of human misery”
Credit Writedowns —
Authority: 671
This comes from the Blog News from 1930 which tells us what happened on this day in 1930 according to the Wall Street Journal: Pres. Hoover criticizes wide variety of extensive relief measures introduced in Congress as “playing politics at the expense of human misery”; says prosperity can’t be restored by ...4 days ago -
The On-Again, Off-Again Depression
The Daily Reckoning —
Authority: 616
The US stock market is still in “bounce mode.” All bounces come to an unhappy end. This will be no exception. If you step back a bit further, you could see it in a different light. Ten years ago, The Daily Reckoning warned of a long, Japan-like slump. Then, the stock market fell and the economy went into a ...4 days ago -
Is the S&P 500 Getting Ready to Fly or Dive?
Veritas Vos Liberabit —
Authority: 463
During the past four weeks the S&P 500 has been stuck in a trading range. Most notable is the level of resistance currently being experienced at the 50% Fib retrace level. A sustained break above 1020 could lead to more gains. On the other hand, a break below the 1085 could lead to some ugly cliff diving. I’m ...4 days ago -
Greg Palast on the WTO
Alexandria —
Authority: 489
The WTO is an instrument of authoritarian global government, and its main purpose is to create conditions of poverty and economic inequality worldwide between elites and the rest of Mankind. It is less about deregulation than gaining control of the world markets by destroying the economic laws of national governments. ...4 days ago -
Were Off On The Road To Depression
The Final Redoubt —
Authority: 434
starring No Hope & Alistair Darling5 days ago -
Andy Xie: “Whole world is drinking poison to quench the thirst”
Credit Writedowns —
Authority: 671
Andy Xie believes ultra-low interest rates in the U.S. and elsewhere are fuelling an asset price bubble which will pop dramatically in 2012. In his view, the policies of the world’s central banks are reckless and will lead to worse down the road. Bloomberg quotes him as follows: “There is a Chinese saying ...6 days ago -
Awaiting the Real Depression
The Daily Reckoning —
Authority: 616
Two bits of hot news on Friday – the employment report…and the action in the gold market. According to the government, there were fewer people out of work in the month of November than there were in October. At least, that is the way the authorities tell it. The official jobless rate fell from its 26-year high of ...1 week ago -
Deflationary Economic Depression 2010, Ready Or Not Here It Comes!
Stupidica —
Authority: 177
Deflationary Economic Depression 2010, Ready Or Not Here It Comes! Economics / Great Depression II Dec 06, 2009 - 08:31 PM By: Darryl R Schoon 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 ...1 week ago -
The Aftermath of Global Frauds
The Daily Reckoning —
Authority: 616
Remember the world’s tallest office tower, in Dubai? Economist Andrew Lawrence came up with the Skyscraper’s Index. Apparently, the buildings go up in bubble economies. Then, the bubbles explode…leaving the buildings standing. The owners and builders typically go broke in the aftermath. Note the last line of the ...1 week ago -
AmTrust Bank seized by regulators after asset stripping
Credit Writedowns —
Authority: 671
You kind of knew this was going to happen . Given the fact that AmTrust Financial, the holding company filed bankruptcy ( see my story here ) after a bit of asset stripping, the FDIC was forced to come in and seize the banking subsidiary which was woefully undercapitalized. The FDIC press release says: AmTrust ...1 week ago -
The Economic Claptrap War
The Daily Reckoning —
Authority: 616
What’s new in the financial world? Well, the Dow sold off a little yesterday. Gold rose another $12. Otherwise, not much new. Same scams. Same frauds. Same claptrap and bunkum. The Obama Administration is engaged in three claptrap wars. There’s the war in Iraq. There’s the war in Afghanistan. And there’s ...1 week ago -
Privately-owned AmTrust’s bankruptcy a bad sign for regionals
Credit Writedowns —
Authority: 671
AmTrust Financial, a privately held regional bank holding company based in Cleveland, has just filed for bankruptcy. With $11 billion in assets, AmTrust Bank is fairly large. The circumstances surrounding its failure are unusual in that the Bank Holding Company (BHC) has filed for bankruptcy but the banking subsidiary ...1 week ago -
Wither stimulus
Credit Writedowns —
Authority: 671
This comes via the Wall Street Journal : Highway-construction companies around the country, having completed the mostly small projects paid for by the federal economic-stimulus package, are starting to see their business run aground, an ominous sign for the nation’s weak employment picture. Tim Word, vice ...1 week ago -
John Hussman on Reckless Myopia
Credit Writedowns —
Authority: 671
Below is another great article from John Mauldin via his weekly newsletter, this time featuring John Hussman who is talking double dip and depression. My last post shows I am very concerned about this scenario – which I see as likely – and the parallels to 1930. At this point, I don’t see a lot of ...1 week ago -
News from this day in 1930: “the decline is nearing its end”
Credit Writedowns —
Authority: 671
From the site News from 1930 : National City Bank notes epidemic of bank failures, and that “processes of deflation operate in a vicious circle” but is nevertheless optimistic: “obviously this sort of thing has to come to an end some time, and by the very nature of the circumstances the turn comes … ...1 week ago -
James Galbraith: How financial stability creates instability
Credit Writedowns —
Authority: 671
Below are three videos from a talk at the 2009 Economics of Peace Conference in Sonoma, CA, where James Galbraith talks about the Hyman Minsky concept of the instability of stability. This concept is fundamental to the behavioural psychology behind capitalist systems. This is a case where stability invites greater ...1 week ago -
“Depressions marked by balance sheet compression”
InvestmentWatch —
Authority: 541
“”"Recessions are typically characterized by inventory cycles – 80% of the decline in GDP is typically due to the de-stocking in the manufacturing sector. Traditional policy stimulus almost always works to absorb the excess by stimulating domestic demand. Depressions often are marked by balance sheet compression ...1 week ago
