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Tag Archives: recession
The Shocking Reality: This Chart Shows Just How Bad Unemployment Is Today Compared to The Great Depression
The Shocking Reality: This Chart Shows Just How Bad Unemployment Is Today Compared to The Great Depression (Desperate Americans stand in soup kitchen lines and look for work. Circa 1929) While the Obama administration and their mainstream surrogates maintain that the economy is growing at a booming pace, the reality of the situation is starkly different. […]
This Is The Endgame, According To Deutsche Bank
This Is The Endgame, According To Deutsche Bank DB’s Jim Reid lays out the “endgame” scenario, one which this website first said is inevitable back in 2009. With Citi and Macquarie already on board, expect what was once merely the figment of a “deranged tinfoil conspiracy-theory blog’s” imagination, to become global monetary policy. And yes, the real endgame is the one […]
Australia’s “Black Swan Moment”
Australia’s “Black Swan Moment” Wayne Swan, Treasurer of Australia from 2007 to 2013, Deputy Prime Minister and the Deputy Leader of the Labor Party from 2010 to 2013, who thought he saved the Australian economy but just delayed the inevitable, is now blaming everyone but himself for the downward spiral: Image source: Twitter As I argued in my […]
It’s Not If But When
It’s Not If But When Since the 2008 crash there has been much talk about how the fundamentals have not been dealt with and the fact that the can has only been kicked down the road. Political mavericks and commentators such as Ron Paul have frequently pointed out that nothing has really changed and that […]
The Baby Boomer Survival Guide (Part I)
The Baby Boomer Survival Guide (Part I) The Yellow Machines Go Silent PARIS – What should you do if you are running out of time and money? This is the question we get from readers over 50… over 60… and sometimes over 70. We baby boomers were famously “na… na… na… live for today.” Now, […]
China Cannot Let This Happen
China Cannot Let This Happen After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending and unstable financial markets. But it’s not France, Canada or the US, where recessions happen and voters peacefully replace one major […]
Time for the Nuclear Option: Raining Money on Main Street
Time for the Nuclear Option: Raining Money on Main Street Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge […]
Why America’s Deadly Love Affair with Bottled Water Has to Stop
Why America’s Deadly Love Affair with Bottled Water Has to Stop Last year, Americans drank more than 10 billion gallons of bottled water. Wildlife and the environment paid. This spring, as California withered in its fourth year of drought and mandatory water restrictions were enacted for the first time in the state’s history, a news story broke revealing that […]
After The Great Deformation——The Next Challenge
After The Great Deformation——The Next Challenge David Stockman has written the finest piece of financial journalism of our generation: The Great Deformation: The Corruption of American Capitalism. It shows how we got into the mess we are in. Blame the government. Then blame us. It is our government. We must not parrot Flip Wilson’s Geraldine: “The […]
Inside Ground Zero Of Canada’s Recession
Inside Ground Zero Of Canada’s Recession In the past year, we have extensively profiled the collapse of ground zero of Canada’s oil industry as a result of the plunge in the price of oil, in posts such as the following: “Canada Crude Contagion: Calgary Home Prices Drop Most In 2 Years“ “Canada’s Biggest Oil Casualty […]
Global Economy Nearing a “Structural Recession”
Global Economy Nearing a “Structural Recession” And monetary policies will be “ineffective” To the never-ending astonishment of our economists, global growth has been much weaker since the Financial Crisis than before it, despite enormous global stimulus from years of extreme central-bank monetary policies and record amounts of government deficit spending. This should not have happened, according […]
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession It is to be expected that economists – even economists working for the same team – have different views about the likelihood of different future outcomes. Economics isn’t rocket science, and even rockets frequently land in the wrong place or explode in […]
What’s Coming Unglued Now in Canada?
What’s Coming Unglued Now in Canada? Canada lumbered through the first half of 2015 in a “technical recession,” Statistics Canada confirmed this week, as GDP shrank in both quarters. Among the culprits: the swooning energy sector and an investment slump. Now everybody is lining up behind the hope that a sudden acceleration will put the […]
Three Worrying Economic Trends Beyond Canada’s GDP Drop
Three Worrying Economic Trends Beyond Canada’s GDP Drop New data confirms what 79 per cent of Canadians already felt. The much anticipated quarterly GDP numbers are out, and StatsCan confirmed what 79 per cent of Canadians already felt to be the case — Canada’s economy is in decline. A drop in economic activity of 0.1 per cent in the second […]
Friday job numbers may tell tales GDP missed: Don Pittis
Friday job numbers may tell tales GDP missed: Don Pittis Stats could show if slump is over and whether there is a rebound outside the oil industry Opponents in the battle over whether the Canadian economy is collapsing or clawing its way back to recovery will get more ammunition on Friday. That’s when we learn the latest figures on job […]
