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Tag Archives: great recession
America Disregarded 4,000 Years of History In Responding to the Great Recession
America Disregarded 4,000 Years of History In Responding to the Great Recession We’ve known for over 4,000 years that debts need to be periodically written down, or the entire economy will collapse. After all, debt grows exponentially … while economies only grow in an s-curve. The ancient Sumerians and Babylonians, the early Jews and Christians, the Founding Fathers of […]
This Is Actually Going To Happen Next Year
This Is Actually Going To Happen Next Year The intellectual groundwork is being laid for the next stage of the Money Bubble, and it’s going to be epic. Here are excerpts from two articles that appeared over the weekend (and which should be read in their entirety). Both deal with Japan, which went all-in on debt […]
Fed Up with the Fed
Fed Up with the Fed At the end of every August, central bankers and financiers from around the world meet in Jackson Hole, Wyoming, for the US Federal Reserve’s economic symposium. This year, the participants were greeted by a large group of mostly young people, including many African- and Hispanic Americans. The group was not […]
US Economy Heads Toward Zero Growth in Q1
US Economy Heads Toward Zero Growth in Q1 GDPNow: Wall Street’s promise of Escape Velocity is a joke. The consistency with which nearly every report on the US economy has deteriorated over the last few months is astonishing. Only the jobs report has been spared that sharp downdraft. So we blame the weather, which in […]
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we […]
Income, Education and Inequality in the “Recovery”: Prepare to be Surprised
Income, Education and Inequality in the “Recovery”: Prepare to be Surprised Note to the higher education industry: issuing diplomas doesn’t magically create new jobs in the real world. By virtually any standard, wealth inequality has soared to historic levels in the six years of “recovery” since the Great Recession of 2008-09. Economist Emmanuel Saez, who has […]
Crude Parallels
Crude Parallels The Great Recession was seven years ago so it might seem appropriate that our memories of the specific nature and order of events is lost to time. However, given that it will be a seminal event in history (hopefully not surpassed) there is less leeway to having such a short grasp on the […]
Nomi Prins: The Sinister Evolution Of Our Modern Banking System Because we’re all about those banks, ’bout those banks…
Nomi Prins: The Sinister Evolution Of Our Modern Banking System Because we’re all about those banks, ’bout those banks… I quit Wall Street and decided that it was time to talk more about what was going on inside it, as it had changed. It had become far more sinister and far more dangerous. ~ Nomi […]
Oh, Greece!
Oh, Greece! Greece’s bailout program is not working. After receiving hundreds of billions of Euros in new loans to stave off a sovereign default, Greeks are on the verge of electing a new government that may throw Eurozone politics into turmoil. From the outset, this was always going to be a tricky one for European […]
Are We Reliving The 1930s?
Are We Reliving The 1930s?. At the close of last week’s G20 Summit, U.K. Prime Minister David Cameron warned that we’re on the verge of another global recession, citing problems like looming deflation, falling prices, and rising protectionist sentiment. This list evokes a sense of déjà vu: not about the Great Recession, but the GreatDepression. That […]
A Depression Era Economics Lesson | project chesapeake
A Depression Era Economics Lesson | project chesapeake. When the great depression hit in the 1930’s, many people had a difficult time surviving. When the system they depended on ceased to function properly, they no longer had the ability to earn a living wage and care for their families. Even at a time when you […]
The New Great Depression | Two Ice Floes
The New Great Depression | Two Ice Floes. A few years back Peter Schiff opined the Great Depression of the 1930s would look like a Sunday school picnic compared to what is headed our way. Without a doubt the cat is out of the bag. Everyone knows things are not going well. Unfortunately, it seems […]
