Hidden cause of great recession and next financial crisis? Debt

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

Published in Financial Crisis, 10 Years, Christian Science Monitor, Csmonitor, Debt Service, Federal Debt, Feds, Financial Crisis, Gdp, Inflation Rates, Interest Rates, Math, Money, Recession, Reliance, Tax Receipts, Tax Revenues, Undercurrents, World Economy

But here’s the interesting point: by failing to address the real causes of the crisis, the feds only allowed those undercurrents to grow more powerful and more dangerous.
Instead of reducing the world economy’s reliance on debt, they increased it!
…
Now, let’s do a little math. The US has total tax receipts equal to about 15% of [...]

The Looming Trade War With China « Great Speculations – Forbes.com

Posted by Matt in March 17th, 2010 | 1 comment

Published in Trade, Bottom Line, China, Corporations, Diplomatic Pressure, End Result, Forbes, Google, Governments, Lead, Recession, Speculations, Trade War, Ugly

The bottom line is that corporations are finding it much more difficult and costly to make a buck in China. Others may follow Google’s lead and leave the country entirely. Or, they may complain to their governments to apply diplomatic pressure. The end result could be an ugly trade war, which would hurt all parties [...]

A revolution is brewing in Vladimir Putin’s Russia

Posted by Matt in March 17th, 2010 | no comment

Published in Russia, American Thinker, Arenas, Artifice, Bruce Springsteen, Chickens, Coming Home, Corruption, Critique, incompetence, Land Seizures, Recession, Regime, Rock Band, Serious Trouble, Shevchuk, Social Unrest, SocialUnrest, Soviet Russia, Vladimir Putin, World Economy, Yuri

The signs of social unrest are just starting to appear in Russia due to Putin’s incompetence.
There is quite a bit of social unrest in China that is just waiting to come out due to land seizures and offical corruption.
If the world economy starts a second leg of the recession, then both Russia and China could [...]

How a New Jobless Era Will Transform America – Magazine – The Atlantic

Posted by Matt in March 15th, 2010 | no comment

Published in U.S., America Magazine, Collar Men, Culture, Decades, Despair, Inner Cities, Jobless, Joblessness, Marriage, New Era, Recession, Warp, Young Adults

The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It [...]

Michael Lewis’s ‘Big Short’ – Investors Foresaw Meltdown – Review – NYTimes.com

Posted by Matt in March 14th, 2010 | 1 comment

Published in Financial, American Housing, American Taxpayers, Billions Of Dollars, Crazy Man, Creditworthiness, Derivatives, Economists, Financial Executives, Fortune, Global Financial Crisis, Housing Bubble, Insanity, Losses, Mathematical Models, Michael Lewis, Money Machine, Recession, Trillion, Wall Street, Wall Street Firms

The global financial crisis of 2008, which economists estimate could result in several trillion dollars of losses and which has already cost American taxpayers billions of dollars in government bailouts, was triggered not by war or recession but by a crazy, man-made money machine, built on flawed mathematical models that most financial executives did not [...]

How Greece’s Debt Crisis Affects America – US News and World Report

Posted by Matt in March 11th, 2010 | no comment

Published in Economy, Financial, Area Exports, Brown Brothers Harriman, Council Of Economic Advisers, Currency, Debt Crisis, Economic Downturns, Economic Report, Financial Crisis, Gaps, Global Head, Greece, Interest Rates, Investment Firm, News World, Recession, S Council, Us News And World Report, White House

If Greece defaults, “it risks exacerbating the economic downturns and could even reignite an acute financial crisis” through higher interest rates, Marc Chandler, global head of currency strategy at investment firm Brown Brothers Harriman, wrote in a report.
A Greek default would hit Americans hard in one major area: exports. According to the Economic Report of [...]

The New Poor – Despite Signs of Recovery, Long-Term Unemployment Rises – Series – NYTimes.com

Posted by Matt in February 20th, 2010 | no comment

Published in Economy, American Economy, Economists, Fear, Jobs, Long Term Unemployment, Nytimes, Rebound, Recession, Recessions, Signs, Unemployment Benefits

Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.
Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to [...]

20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover

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

Published in Economy, Black Hole, Economic Growth, Economy, Nasty, People, prosperity, Recession, Total Meltdown, Truth

Even though the U.S. financial systemnearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy. Most people seem to think that the nasty little recession that we have just been through is almost over and that we will be [...]

With suspicious statistics, China obscures economy – Washington Times

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

Published in China, beijing, China Economy, Driven Economy, Economy China, Recession, Statistics, Washington Times, Western Analysts, Willingness

China has acknowledged that its export-driven economy took a beating in 2008 and 2009, but Western analysts, most of whom are suspicious of Beijing’s willingness to concede downturns, think China may have even slipped into a recession.
With suspicious statistics, China obscures economy – Washington Times

Russian Protests Grow as Economic Hardships Persist – The Jamestown Foundation

Posted by Matt in February 4th, 2010 | no comment

Published in Russia, Decline, Economic Crisis, Economic Downturn, Economic Hardships, Gdp, inflation, Jamestown, Jamestown Foundation, Leadership, Political Discontent, Populace, Prime Minister, Propaganda, prosperity, Protests, Recession, Russia, Stagflation, Stagnation, Vladimir Putin

The economic downturn in Russia seems to have transmuted into growing political discontent within the populace and the governing structures. Since last summer, Prime Minister Vladimir Putin has been proclaiming publicly that “the worst of the recession is over and growth is resuming” (Interfax, June 9). The populace believed the vocal state-run propaganda, hoping that [...]