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Economic Predictions for 2012 – My end-of-year audit
It’s time to assess my own 2012 economic predictions. In looking honestly at the shortcomings in my predictions, I see something interesting. The picture of events formed a ghost image to my own forecast. It shaped up weaker than I had predicted, and yet has taken the exact form I envisioned, albeit in paler colors [… Read More]
Facing the New Economic Reality: Dinosaurs of the Economic Collapse Die Hard
Spain has exhibited considerable economic denial about the state of its banks of late, saying it will need no bailout, in order to keep the drain in Spain from becoming plainly worse. The Spanish government is caught in a vicious circle as it spins down the debt drain, which it tries to offset with verbal counter-spin [… Read More]
Economic News Articles in the Great Recession — Archive for the week of 04/15/2012
None of the many reversals of fortune in the past week’s economic news was unexpected by readers of The Great Recession Blog. So, stay tuned, and you’ll continue to read the headlines before they happen! In the meantime, here are the headlines after they happened with a little commentary to make sense of them: Last week’s summary [… Read More]
More 2012 economic predictions
The U.S. stock market lurched up and down, twice each way, last week, closing at its worst so far this year. Then bad news at the first of this week, boosted the Dow above 13,000 again, merely because the news wasn’t as bad as expected. Then
Tiny Bubbles Make Me Warm All Over – European housing bubbles, student loan bubbles, even China bubbles
Actually, these bubbles aren’t tiny like the ones Don Ho sang about, and they don’t make me feel warm and fuzzy either. They’re great big bubbles that make me pop….
The Odious ARMpit: an adjustable rate mortgage global economic disaster
A short, factual article on how we’ve learned absolutely nothing from the housing market / mortgage foreclosure crisis that caused the Great Recession. We live in a bubble. The nation chose originally to create Adjustable Rate Mortgages that assured financial collapse if housing values ever stopped climbing. People took out ARMs because they could not [… Read More]
Economic Predictions for the Great Recession in 2012
In making 2012 predictions, I cannot do worse than Harold Camping did in 2011. He missed the end of the world entirely — THREE times — yet he still kept his followers and collects millions! He may head a non-prophet organization, but he sure knows how to turn a profit. Let me start by predicting [… Read More]
Euro-Crisis Goes Critical (i.e., Europe Falls Apart While I’m on Vacation)
Look at what happened while I was out to play! Here I was openly wondering, as I set off for a vacation, if my prediction was going to prove accurate about the European crisis going global sometime in October and taking the U.S. economy under. While I was on vacation, I deliberately avoided all news. [… Read More]
The Fundamentals of Economic Failure
Whether right in predicting a plunge in October or not, I am confident that the economy is not in recovery in spite of the convulsions of last week’s stock market. Not even a little bit in recovery. The U.S. economy is merely shored up with additional rotten wood. The original rot in the floor is as [… Read More]
The Tipping Point into Economic Collapse
This week the European bank Dexia was partially nationalized by Belgium because the Fed’s bailout two years ago didn’t work. Belgium and France has already nationalized part of the bank months ago. That essentially amounts to bailout after bailout, now reaching the third round. The large international bank, in other words, is a very sick patient that [… Read More]
Saving Capitalists from Capitalism
The main reason this depression is being talked about now as a “second recession” is that the governments of this world propped up the initial phase of this global depression with all the cash they could manufacture — more cash than has ever been pumped into the U.S. economy at any time in history. Thus, [… Read More]
The Great Ponzi Scheme
The economy collapsed into a great recession because it was fundamentally flawed in the first place. The U.S. housing market, which underpinned the old economy, boomed because the government deregulated banks. The deregulation that began with Reagan widened under George Bush the First. It widened a little more under William Jefferson Clinton, and it broadened even further [… Read More]
Great Recession or Great Depression?
The U.S. government says the recession ended in June of 2009. The economic gurus of our time parrot this proclamation in complete belief, but how has that recession ended when the unemployment that it caused never improved for those who lost their jobs? How is it that the experts and government officials ALL say the [… Read More]
DOWNTIME Part 14 – It’s Up, It’s Down for the Count
The fickleness of the stock market as a predictor of the economy versus just a responder to the economy played out clearly in the past week. On March 5th, CNN reported that the market had broken a five-day losing streak, bouncing off of twelve-year lows. “The markets opened higher and never looked back, following reports [… Read More]
