Economists Warn Another Financial on Way to U.S. Economy – ABC News

Posted by Matt in March 2nd, 2010 | no comment

Published in Economy, Favorites, Financial, Abc News, Economic Downturn, Economists, Economy News, Financiers, Great Depression, Regulators

Even as many Americans still struggle to recover from the country’s worst economic downturn since the Great Depression, another crisis – one that will be even worse than the current one – is looming, according to a new report from a group of leading economists, financiers, and former federal regulators.
Economists Warn Another Financial on [...]

Latvia’s Great Depression | Foreign Policy

Posted by Matt in February 27th, 2010 | no comment

Published in Economy, Europe, City Government, Collapse, Europe, Foreign Policy, Great Depression, Greece Economy, Latvia, Maintenance Budget, Metrics, Midst, Rainy Winters, Real Reason, Riga, Road Maintenance, Surprise, United States, Wintry Mess

Think Greece is bad? Look north.
Riga has had mild, rainy winters of late, and the snow caught the city by surprise. But the real reason for the wintry mess is that the city government has slashed its road maintenance budget by a third. Although the world is watching Greece, Latvia’s economy is the most imperiled [...]

While The Cause Of The Economic Collapse Is Debated Nothing Is Getting Done

Posted by Matt in February 25th, 2010 | no comment

Published in Financial, Economic Collapse, Entire System, Great Depression, Market Crisis, Substantive Changes

By arguing that the entire system must be reformed, nothing ends up being changed as we see now – almost eighteen months after the worst financial market crisis since the Great Depression and there have been no substantive changes to how the financial system works.
Many argue the system has become more crisis-prone.
InvestorCentric: While The Cause [...]

On the Brink: Inside the Race to Stop the Collapse of the Global Financial System – Newsweek.com

Posted by Matt in February 18th, 2010 | no comment

Published in Financial, AIG, Bear Stearns, Brink, Collapse, Fannie Mae, Fannie Mae And Freddie Mac, Financial Crisis, Freddie Mac, Global Financial System, Great Depression, Henry M Paulson, Henry M Paulson Jr, Henry Paulson, Lehman Brothers, Mayhem, Modern Memory, Newsweek, Rationale, Tenure, Treasury Secretary

Henry Paulson’s tenure from July 2006 to January 2009 was the most volatile and demanding of any Treasury secretary in modern memory. Under his watch, the government faced the greatest financial crisis since the Great Depression. He presided over the bailouts of Bear Stearns, AIG, Fannie Mae and Freddie Mac, yet allowed Lehman Brothers to [...]

12 Dr. Dooms shred 2010 investing optimism Paul B. Farrell – MarketWatch

Posted by Matt in January 30th, 2010 | no comment

Published in Economy, Favorites, Financial, denial, Dooms, Doomsday Scenarios, Great Depression, Investing, Marketwatch, Optimism, Paul B Farrell, Rose Colored Glasses, Shred

Listen closely to the words of our 12 “Dr. Dooms.” For a moment, take off your rose-colored glasses, step out of your denial, see the Great Depression 2 dead ahead, really look at the future our “Dr. Dooms” see in their “Doomsday Scenarios:”
12 Dr. Dooms shred 2010 investing optimism Paul B. Farrell – MarketWatch

Paul Krugman – That 1937 Feeling – NYTimes.com

Posted by Matt in January 5th, 2010 | no comment

Published in Economy, Bush Tax Cuts, Columnist, Crutches, Economy, Great Depression, Great Mistake, Monetary Policy, Nytimes, Paul Krugman, People, Recession, Roosevelt Administration, Stimulus

The economy appears to be looking up but could fall right back into another recession just like in 1937. The biggest concern is that the Bush tax cuts will expire in 2011, and we can look forward to the biggest tax increase in history. If you wanted to ensure another recession then letting the [...]

11 Black Swans for 2010

Posted by Matt in December 30th, 2009 | no comment

Published in Forecasts, Aftermath, Andrew Lawrence, Asian Contagion, Asian Currency Crisis, Black Swans, Burj Dubai, Economic Downturn, Economic Downturns, Empire State Building, Eve, Great Depression, January 4, petronas, Petronas Twin Towers, shanghai, Skyscraper, Swans, Tallest Building, Tallest Buildings, Twin Towers

1. China Blows Up
Andrew Lawrence proposed the Skyscraper Index in the aftermath of the 1998 Asian Contagion. His theory says that the world’s tallest buildings have risen on the eve of economic downturns. That is, countries that put up the world’s tallest buildings enter an economic downturn shortly thereafter.
There is a lot of [...]

Mark Twain – “History does not repeat itself, but it rhymes”

Posted by Matt in December 26th, 2009 | no comment

Published in History, Calamity, Collapse Of Communism, Colonial War, Communist Revolution, Durability, Economic Expansion, fascism, Free Capital Flows, Global Integration, Global Power, Great Depression, Hinge, Imperialism, Mark Twain, Martin Wolf, prosperity, Public Goods, Pyrrhic Victory, Relative Decline, Undeveloped Areas

The only truly global power was in rapid relative decline. Not long before, it had won a pyrrhic victory in a costly colonial war. New great powers were on the rise. An arms race was under way, as was competition for markets and resources in undeveloped areas of the world. Yet people still believed in [...]

We are at risk of a trade war – and the West has most to lose – Telegraph

Posted by Matt in December 26th, 2009 | no comment

Published in Trade, Aftermath, Comfort Blanket, Extremism, Global Economy, Great Depression, International Commerce, Measures, politicians, Protectionism, Rash, Realities, Recession, Second World War, Tariffs And Quotas, Telegraph, Trade War, Unemployment, Wall Street, Wall Street Crash, Worldwide Deal

The global economy now badly needs an over-arching “trade round” – a worldwide deal to boost international commerce, while keeping protectionism in check. After all, it was the rash of tariffs and quotas imposed in the aftermath of the 1929 Wall Street crash that put the “Great” in the “Great Depression”. While economically disastrous, such [...]

The Debt Crisis Movie – MAXED OUT

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

Published in Economy, Bad Apples, Bare Necessities, Consumer Advocate, Conventional Wisdom, Credit Card Issuer, Enemy Number One, Great Depression, Harvard Professor, Lifelong Republican, Liz Warren, Loan Sharking, Maxed Out, Mcmansion, Neighborhood Bank, Prada Shoes, Profitable Niche, Providian, Real Estate Brokers, Suggestive Selling, Wine Cellars

You can watch the entire video “Maxed Out” at the end of this post.
Maxed Out begins as Beth Naef, one of the most successful real estate brokers in the country’s hottest real estate market, Las Vegas, gives us a tour of a $5.5 million spec house. What’s important to her clients, she says, are elevators, [...]