Tag Archive


authoritarianism bank bailouts bank failures Bank of America Ben Bernanke bonds capitalism cashless society China coronacrisis cryptocurrency deficit spending Donald Trump economic bubble economic collapse economic crisis economic denial economic news articles economic predictions economic recovery epocalypse euro crisis European Union great depression Greek crisis Hillary Clinton housing bubble housing market collapse hyperinflation immigrant labor inflation Iran nuclear crisis national debt oil prices quantitative easing quantitative tightening Reaganomics recession recession v depression Russia stock market sustainable economics The Federal Reserve the Great Recession unemployment

How to create sustainable economic recovery

It should be coming clear that economic recovery has evaded us. If you’re not seeing that just yet, your illusion of recovery will dissolve quickly this fall, just as I’ve said it would. Nothing the Federal Reserve has done has created recovery because it was never possible that such simplistic stimulus — made to appear […]

TOP

The Obama Economic Recovery in Nine Easy Images

If you refuse to blame the Obama administration for the “economic recovery” pictured in these charts, then you’re just a Democrat protecting your own ideology. If, on the other hand, you refuse to blame the Republican congress, you’re just a Republican protecting your own ideology. Either way, you are part of the problem. You are […]

TOP

An economic plan that might have brought recovery from depression

Anyone can criticize while having no better ideas.  In fact, I would argue that, if you cannot put forward reasonable alternatives, you might not be qualified to criticize those who are, at least, trying something. In that spirit, I want to scope out a new economic recovery program vastly different from the economic plan the U.S. adopted […]

TOP

Why I make economic predictions, and why I smell like a bear and brag about it

Some people predict the economy is going down in order to sell gold. I call them the “gold bears.” Others make economic predictions as a way of guiding people in their stock or bond investments. They are the golden calves of the Wall Street bull. I have completely different agenda than either. The gold bears […]

TOP

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 […]

TOP

Consumer Spending Returns to Old Deficit Habits

Not all the news was Greek. The U.S. consumer spending report this week showed that consumer spending is up even though consumer confidence is at its lowest point in two and a half years. GDP supposedly returned to pre-recession levels, too. That came with the caveat from Paul Ashworth, an economist at Capital Economics, that the rise […]

TOP

Larry Summers Wants to Fix the Economy, but You Can’t Fix Stupid

Apparently, experts never learn. Larry Summers writes: “The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending.” (The Financial Post) What he really means is […]

TOP

Why the Government Says The Great Recession Ended When it Never Did … and Why the Press Doesn’t Get it

In the statement below, CNBC (Reuters actually) tells us in one breath that we’re worse off than we’ve been in 28 years, but in the next breath, they tell us the recession ended two years ago. How does it not occur to them to ask, “If the Great Recession ended two years ago, why are […]

TOP

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, […]

TOP

Sustainable Economics was part of my thinking before it was vogue

Sustainable economics starts at home … in that it starts with homes. It stands to reason that, if the economy can only grow through housing expansion, we will someday have nowhere left to stand.   On February 9th, 2011, I wrote to my friend Stan about sustainable economics: The entire government is failing to learn. […]

TOP

The Great Recession Blog is conceived

How The Great Recession Blog came into being. On February 3rd, 2011, I wrote about some ideas to Stan for his own website. As he didn’t take up that focus right away, the idea grew within me to develop my own website on this theme. Many months later I followed through with that and began The […]

TOP