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Tag Archives: depression
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession Here we go again. The dying legacy media will continue to support the status quo, who provide their dwindling advertising revenue, by papering over the truth with platitudes, lies, and misinformation. I have been detailing the long slow death of retail in America for the […]
Leaving the Eye of the Hurricane
Leaving the Eye of the Hurricane In the early 2000’s, there were those economists and investors who believed that the U.S. was headed for an economic fall – that the repeal of the Glass-Steagall Act in 1999 would allow the financial institutions to enter into widespread reckless loan practices that would lead to a housing […]
The Deep State
The Deep State I’d like to address some aspects of the Greater Depression in this essay. I’m here to tell you that the inevitable became reality in 2008. We’ve had an interlude over the last few years financed by trillions of new currency units. However, the economic clock on the wall is reading the same […]
Why This Feels Like a Depression for Most People
Why This Feels Like a Depression for Most People “And the little screaming fact that sounds through all history: repression works only to strengthen and knit the repressed.” – John Steinbeck, The Grapes of Wrath Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression. When you try to tell a […]
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. […]
I Am Mourning For America
I Am Mourning For America I am mourning for America, because she is dying. I am mourning for a nation that once knew such greatness but that has now fallen to depths that were once unimaginable. I am mourning for the death and destruction that are coming, and I am mourning for a future that […]
Equity markets and credit contraction
Equity markets and credit contraction There is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a bank lends money to a customer; it becomes money because the customer draws down this credit to deposit in other bank accounts and to pay creditors. […]
An economic earthquake is rumbling
An economic earthquake is rumbling While the people sleep, an economic earthquake rumbles underneath. The day that they begin to feel the quake draws near. History will record that in this decade more people will lose more money (forget about the trillions of dollars already lost) than at any time in our history, including during […]
China And The New World Disorder
China And The New World Disorder Nicole Foss: Our consistent theme here at the Automatic Earth since its inception has been that we are facing a very powerful deflationary depression, following on from the bursting of an epic financial bubble. What we have witnessed in our three decades of expansion and inflation is nothing short of a […]
As Economy Heads to Another Crash, BIS Acknowledges: We’re Failing
As Economy Heads to Another Crash, BIS Acknowledges: We’re Failing http://deutsche-wirtschafts-nachrichten.de/2015/07/22/maechtigste-bank-der-welt-legt-mandat-zur-rettung-der-weltwirtschaft-zurueck/ World’s Most Powerful Bank Reverses Course, to Avoid a Global Depression German Economic News, Translation (and closing Note) by Eric Zuesse | Published: 22:07:15 20:10 clock The Bank for International Settlements (BIS) acknowledges in its annual report that the policy of cheap money has failed. All the trillions […]
Greece Is Now A Full-Blown Humanitarian Crisis – In 9 Charts
Greece Is Now A Full-Blown Humanitarian Crisis – In 9 Charts The people of Greece are facing further years of economic hardship following a Eurozone agreement over the terms of a third bailout. The deal included more tax rises and spending cuts, despite the Syriza government coming to power promising to end what it described as […]
Systemic Turmoil, Structural Reform
Systemic Turmoil, Structural Reform “The problem with the post-2007 world is that we are not in a cyclical recovery; we are in a structural depression defined as a sustained period of below-trend growth with no end in sight. The U.S. has caught the Japanese disease. Structural depressions are not amenable to monetary solutions, they […]
Its 1929 In China—-Here’s The Chapter And Verse
Its 1929 In China—-Here’s The Chapter And Verse I’ve mentioned the Chinese stock market mania here briefly in recent weeks. I’ve now compiled a fair amount of data along with some interesting anecdotes that show just how crazy it’s gotten so I thought I’d spend this week’s market comment laying it all out for you. […]
The Economic Depression In Greece Deepens As Tsipras Prepares To Deliver ‘The Great No’
The Economic Depression In Greece Deepens As Tsipras Prepares To Deliver ‘The Great No’ As Greece plunges even deeper into economic chaos, Greek Prime Minister Alexis Tsipras says that his government is prepared to respond to the demands of the EU and the IMF with “the great no” and that his party will accept responsibility […]
Rise of the ‘precariat,’ the global scourge of precarious jobs
Rise of the ‘precariat,’ the global scourge of precarious jobs Barely one in four of the global workforce has a stable job, UN reports With relatively little notice, the world passed a modern milestone recently, one that makes any yearning for more stable times seem very farfetched — the global jobless total passed 200 million. To […]
