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2017 Economic Forecast: Global Headwinds Look Like Mother of All Storms

Headwinds that are starting to assail deep structural flaws in the US and global economies form the basis for my 2017 economic forecast, which looks like an all-out economic crisis building throughout the world. Some of these headwinds are global; some more locally focused within the United States, but that which brings down the US economy wounds the world anyway. […]

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2016 Stock Market off to a Stumbling Start, Some See Omen

As investors cried, “Good riddance to 2015, a terrible year for stocks,” 2016 decided to start out worse. The Chinese stock market got the dry heaves again, and the rest of the world’s markets got sea sick. Stock-market superstition says, “As goes the first day, so goes the year.” Let’s check that out.   The […]

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China’s & Russia’s Currency War on the Dollar

About a year ago, I said the Chinese economy would not crash, but that it would come in for a controlled landing as Beijing sought to lower it to a target of 7% growth — still excellent growth. So, there’s one I appear to have gotten wrong, given that China is starting to look like a train wreck. At […]

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Bursting Bubbles: China’s Bubble Burst, What Next?

Bubble, bubble, we’ve got trouble. China’s market turned to rubble. Wonder, wonder who comes next? Burst your bubble; read this text.   U.S. stock market’s hot-air balloon ride has already ended   With China’s bubble burst, you might want to re-examine the U.S. stock market if you have ever enjoined the illusion that the market’s growth […]

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The Great Global Economic Trainwreck

Granted, global economic collapse can’t be declared as a fact yet, but train wrecks take time. A train doesn’t just crash like a car; it keeps crashing, piling car upon car, banging, tearing out trees, bending steel, plowing up rails, smashing buildings … until all the momentum is finally exhausted to the last squeak. It didn’t take […]

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What are the current economic headwinds?

A cold reality has been blowing into the U.S. since last winter, and it has nothing to do with snow. During a balmy spring one year ago when people were feeling cozy about economic recovery, I said that economic headwinds would build over the summer until they dominated the economy by fall, ending all hopes of recovery.   […]

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The Second Dip of the Great Recession is Coming Soon

When you look at numerous key sectors of the economy, they hang together like the bones of a rickety skeleton. Here is a list in bullet points of some economic bones to pick over. When viewed altogether, they indicate the next dip of the Great Recession is likely near and severe:   “There are more obvious light switches today or […]

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Reserve Currency : Russia and China have own reservations

Russia and China started backing out of U.S. bonds as a from of reserve currency shortly after the Great Recession began. This year I predicted that the conflict between the U.S. and Russia over Crimea would lead to Russia taking a much more aggressive role in offloading the dollar as the world’s reserve currency. The Crimean conflict would become significant […]

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Economic Forecast 2014: Strong Headwinds Face Global Economy

My “Economic Forecast 2014” starts with Russia. The first breezes of coming turbulence are already blowing in on the U.S. as a storm I’ll name “the Russian Rampage” hits Crimea and Russia braces for the the U.S. response. Foreign-owned U.S. bonds held in custody of the Federal Reserve took their largest drop on record last […]

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Economic News Articles in The Great Recession Blog, week of 05/06/2012

The news of the week centered on Europe where no one knows how to clean up the Greece stain that smears the euro image. Greece ironically elected Nazis to fight German austerity last week. France joined in the fight with a hard left-wing punch to Sarkozy, knocking him flat on his French derriere and replacing him with […]

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Hard landing for China’s economy not in the tea leaves

A year ago, the news was full of articles about China trying to slow down its growth to align its speed with that of the rest of the world and to keep inflation in check. Now, everywhere in the press you read concerns about China’s slowdown. How fickle can the press and market investors be? […]

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China Teaches Europe about Capitalism and Trade

“Everybody has an opinion about trade with China, and here is mine: let’s trade ‘em Ben Bernanke for Fu Ying [China’s Vice Foreign Minister]. Throw in a minor league pitcher if we have to – President Obama comes immediately to mind.” (The following is a guest editorial from Tim Nerenz, traveling in China on business)   […]

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Europe Seeks to Copy U.S. Plan of Solving Debt Crisis with Quantitative Easing

Europe is looking at solving the European debt crisis by creating more debt, which has been the U.S. master plan all along. “European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to […]

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The China Syndrome – A Meltdown in American Employment

On Jan 19, 2011,  Stan wrote: A strange statement from [a writer I just read]:  “China needs to bring more jobs to the United States…….” ….Who ???   And this is even stranger ? “Until China figures out a way to link itself to the idea of job creation . . . you are always going to […]

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