economic depression

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Latest blogosphere posts tagged “economic depression”

  • The bust in Dubai and exogenous shocks


    Credit WritedownsAuthority Authority: 683
    By now you have heard that Dubai World, the investment company, has asked its creditors for a six-month delay in repaying its debt (see articles in links ).  This is what is commonly referred to as default. Now many are wondering if Dubai the country is on the verge of default and asking who is most exposed. Markets ...
    1 day ago
  • The Life of an Economic Turkey


    The Daily ReckoningAuthority Authority: 598
    One turkey turns to the other… “Things were pretty rough there for a while…what with the recession and all. But now there’s a recovery. Business is picking up.” “Yeah, this is great…no more hanging around this place waiting…finally, the boss says we’re all shipping out today…” “I wonder what ...
    2 days ago
  • Fiscal Calamity Brought On By Clueless Troublemakers


    StupidicaAuthority Authority: 174
    Yesterday was a typical day on Wall Street. The Dow fell a little. Oil slipped a little. The dollar held steady at $1.49 per euro, about where it has been for months. And the price of gold went up. No matter what else happens, gold seems to go up. Watch out, though. This gold market is ready for a correction. As we ...
    3 days ago
  • Fiscal Calamity Brought On By Clueless Troublemakers


    The Daily ReckoningAuthority Authority: 598
    Yesterday was a typical day on Wall Street. The Dow fell a little. Oil slipped a little. The dollar held steady at $1.49 per euro, about where it has been for months. And the price of gold went up. No matter what else happens, gold seems to go up. Watch out, though. This gold market is ready for a correction. As we ...
    3 days ago
  • The Next Depression: It’s worse than they think


    Contrarian Stock Market Investing News - Featuring Bargain StocksAuthority Authority: 430
    Bill Bonner , daily commentator and resident voice of reason at The Daily Reckoning , discusses the current economic depression – and why we can’t simply wish it away. Bill Bonner ( The Daily Reckoning, UK ): The ‘recession’ did more damage than they think Claptrap! Nonsense! Balderdash! Everywhere we ...
    3 days ago
  • Predatory lending local government version


    Credit WritedownsAuthority Authority: 683
    This story is on the front page of Business Week: Detroit Mayor Dave Bing is struggling to save his city from fiscal calamity. Unemployment is at a record 28% and rising, while home prices have plunged 39% since 2007. The 66-year-old Bing, a former NBA all-star with the Detroit Pistons who took office 10 months ago, ...
    4 days ago
  • The Golden Years


    The Daily ReckoningAuthority Authority: 598
    The Dow fell slightly on Friday. Oil ended the week at $77. The dollar went nowhere. But gold rose to a new high – $1,146. Whatever else may be going on, there’s a real bull market in gold. It’s a bull market that began ten years ago. If you’d bought stocks then, you’d have about what you have now…less ...
    5 days ago
  • We are in an Economic Depression equal to that of the 30s.


    InvestmentWatchAuthority Authority: 156
    Anyone making the above statement is laughed at, because you can even find elderly who lived through it and they will tell you this is nothing like what they experienced. You have the Central Bank and the Treasury to thank and blame. Why aren’t companies going bankrupt and liquidating at distressed prices? We are ...
    5 days ago
  • Forex Trading: General Recommendations


    Make Cash Online TodayAuthority Authority: 154
    Forex is your wealth maker. Among numerous ways of earning one’s living there are some ones which can be considered to be especially interesting for people with the analytical mind. Certainly you may guess that I’m taking about currency trading because now it’s rather an actual matter up to day. Almost ...
    6 days ago
  • Economic Depression Survival Tips


    GetStudentLoanNow.comAuthority Authority: 436
    The following economic depression survival tips are all about preparation. With a bit of street smarts and a willingness to do what’s needed you can survive losing everything. But it is better to prevent that from happening in the first place by being prepared for some worst case scenarios. Depression Survival Tips ...
    1 week ago
  • Stop the madness now!


    Credit WritedownsAuthority Authority: 683
    This is a post I just wrote over at Yves Smith’s site Naked Capitalism in response to a reader request. Marshall Auerback has already written a reply as well and I will post this later today. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US ...
    1 week ago
  • Taking of Life


    AnarchoblogsAuthority Authority: 157
    Deer hunting is in full swing these days. Last weekend my brother and uncle both shot deer. The taking of life is something Ive been thinking about lately. A month ago I wrote about the two dogs I had to kill. Ive thought about them off and on since that day and last weekend went to see their decaying bodies where I ...
    1 week ago
  • MN Officials To Update Unemployment Rate


    Rook's RantAuthority Authority: 428
    ( Star-Tribune ) Last month, officials attributed the dropping rate partly to a large number of people who gave up looking for work. The state labor force has seen a net reduction recently. I do not think that people have given up looking for work. I believe that there is just no work to look for. Anyone pull out the ...
    1 week ago
  • Solve All Your Financial Problems With Forex


    Make Cash Online TodayAuthority Authority: 154
    Forex can’t frighten confident guys. A promising Forex trader is always concerned with improving his trading. And he’s not going to cancel this practice because this may mean his possible failure in the nearer future. Many people are busy with solving their financial problems now. Due to the current economic ...
    1 week ago
  • Steve Keen: Debt and the economy – how do we pay for all of this?


    Credit WritedownsAuthority Authority: 683
    Hat tip Rolfe Winkler . Share and Enjoy: Related posts: Steve Keen and the spectre of terminal debt Steve Keen: On the Edge with Max Keiser Bloomberg News is still after the Fed for more disclosure Dilbert on the asset-based economy What does Mises say about ...
    1 week ago
  • Barack Obama: “if we keep on adding to the debt… that could actually lead to a double-dip”


    Credit WritedownsAuthority Authority: 683
    Barack Obama has now come clean about his thinking on why his administration has decided to focus first on reducing the deficit and next on jobs. He fears a double-dip recession will occur if foreigners lose confidence in the U.S. dollar, causing interest rates to spike.  This is nonsense and it demonstrates how ...
    1 week ago
  • News from 17 November 1930: “we face a winter of hunger and distress”


    Credit WritedownsAuthority Authority: 683
    This excerpt comes from the blog News from 1930 which gives us a day-to-day account of what was being reported in 1930 before the worst of the Great Depression hit. “The unemployment situation in New York is critical. Unless it is speedily met, we face a winter of hunger and distress for families whose ...
    1 week ago
  • Food insecurity: alternative measure of economic distress skyrockets


    Credit WritedownsAuthority Authority: 683
    The US Department of Agriculture highlights how the United States in the last decade, despite increased aggregate wealth, slid back significantly in terms of food insecurity as measure of poverty. With everyone now focused on the unemployment situation, it bears noting that even before the downturn in the economy ...
    1 week ago
  • "For God Sakes, strap on a pair and get to it"


    Moral Philosophy and Current EventsAuthority Authority: 125
    By Mike Whitney November 08, 2009 "Information Clearing House" -- This is bad. Double-digit unemployment. In October, unemployment soared to 10.2%. 16 million people are out of work. The average work week is down to 33 hours. Payrolls have contracted 22 months straight. The "real" jobless rate (underemployment) is ...
    1 week ago
  • How to "Return to Normalcy" in America:


    Coralville CourierAuthority Authority: 514
    MOUNT PLEASANT, IA. -- Public Interest Institute has recently published “How to ‘Return to Normalcy’ in America: Follow the Example of President Warren G. Harding,” a new POLICY STUDY by Research Analyst John Hendrickson. In the aftermath of World War I, the U.S. entered into an economic depression that ...
    1 week ago

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