Russia Now: The financial crisis has had a profound impact on the Russian lifestyle – Telegraph

Posted by Matt in October 29th, 2009 | no comment

Published in Russia, Austerity, Businessmen, Consumer Spending, Financial Crisis, Foreseeable Future, Global Financial Crisis, Lifestyle, Luxuries, Profound Impact, Russia, Telegraph

The financial crisis has had a profound impact on the Russian lifestyle. Previously known as a high-spending hedonist, the average Russian consumer has slashed his spending on luxuries, even on basic items such as food. And, although businessmen are seeing green shoots of recovery, analysts warn that the new austerity is here to stay for [...]

This Time It’s Different*

Posted by Matt in June 19th, 2009 | no comment

Published in Economy, Financial, Capital Investment, Consumer Spending, Corporate Profits, Entire World, Great Depression, Lifetimes, Recessions, Warp And Woof, World Economy

As we will see next week, we are on a track that looks far more like the Great Depression than the recessions of our lifetimes. To expect a normal recovery cycle, whether it is corporate profits or lending or consumer spending or capital investment or (pick a category) is just not reasonable. This is a [...]

The Financial Commentator on the Economy

Posted by Matt in May 4th, 2009 | no comment

Published in Economy, Financial, U.S., 15 Months, 5 Months, Boston University, Business Investment, Card Issuers, Clear Debt, Consumer Debt, Consumer Spending, Corporate Bond, Corporate Bonds, Credit Availability, Crisis Levels, Debt Levels, Economic Recovery, European Banks, Excess Capacity, Federal Reserve, Financial Commentator, Initial Research, Recession

At the February 2009 sales rate, it will take 12.2 months to clear the inventory of new homes for sale, versus 5 months in a healthy market.
The most important issue in the next 12 to 15 months is whether the rebound in the second half of 2009 and first half of 2010 will gain enough [...]

Warning: You are now entering a double-dip recession

Posted by Matt in April 25th, 2009 | no comment

Published in Economy, Financial, Back To The Future, Bush Tax Cuts, Capacity Utilization, Carbon Credits, Consumer Spending, Corporate Bonds, Deficit Spending, Dollar Bubble, Double Dip Recession, Economists, Energy Costs, Excerpts, Factories, Financial Crisis, Fourth Quarter, Global Financial Crisis, Green Card, Immigrants, Market Numbers, Money Supply, Money Supply M2, Obama, Program Legislation, Rationalization, Reset Button, Safety Reasons, Security Trust Fund, Social Security Trust, Social Security Trust Fund, Tax Increases, Third World, Treasuries, Trust Fund Surpluses, Unstable Economy

When the current recession starts to hit bottom in the next year or two, new problems/issues will start to emerge. These issues will most certainly send us right back into a new recession.
1. When the recession starts to bottom out in next year or two (2009-2010), there are two bubbles that will probably burst: the [...]