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? […]
Archive for April, 2012
Hard landing for China’s economy not in the tea leaves
Posted April 25, 2012 By David HaggithEconomic News Articles in the Great Recession — Archive for the week of 04/15/2012
Posted April 24, 2012 By David HaggithNone 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 […]
British Reporters More Truthful About American News than American Reporters
Posted April 20, 2012 By David HaggithI have heard people say for decades that, if you want objective news about America, you have to turn to the European press. As an American, that used to gall me more than the French with their snotty attitudes about everything that’s … well, not French. This week, however, seems to be providing plenty of […]
Economic News Biased by Relentlessly Rosy Glasses
Posted April 19, 2012 By David HaggithToday is one of those days where I read conflicting headlines and reporting on the economy that are so rosy they make my eyes red. The writers of economic news must be guided by some angel of relentless sunshine. They almost gag themselves, trying to swallow bitter pills while smiling. Examples of news bias in […]
More 2012 economic predictions
Posted April 18, 2012 By David HaggithThe 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. Â Then
- Its like you read my mind! You appear to know a lot about this, like you wrote the book in…
Economic News Articles in the Great Recession — Archive for the week of 04/08/2012
Posted April 16, 2012 By David HaggithPessimism is creeping back into the U.S. business world, and even the Fed is now warning, as I did earlier, that student loans are in danger of becoming another economic crisis. This is the climate where desert dwellers like me thrive. According to the Federal Reserve last week, nearly one third of all student loans […]
Tiny Bubbles Make Me Warm All Over – European housing bubbles, student loan bubbles, even China bubbles
Posted April 11, 2012 By David HaggithActually, 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….
Are My 2012 Economic Predictions for the Great Recession in Recess … or are they just about to mature?
Posted April 10, 2012 By David HaggithI started the following update on my predictions a few weeks ago, but didn’t have time to finish it. It is interesting now to see how the update is already being fulfilled in the news this week. I finished it today, realizing I’d better get it posted before everything it says looks like hindsight.
Economic News Articles in the Great Recession — Archive for the week of 04/01/2012
Posted April 9, 2012 By David HaggithIf you’ve been following The Great Recession Blog, others are surprised by the jobs report at the end of last week, but you are not. You saw it coming. The year is already looking like a repeat of 2011 where all the experts were excited that
My Personal Story with Bank of America
Posted April 6, 2012 By David HaggithI wrote the song that I posted earlier this week as a tribute to Bank of America, not just for what it did to me years ago, but for its role in the illegal foreclosure class-action case that was just settled in the U.S. Still, I think its time I tell my own story with […]
- I "WON" my house FREE & CLEAR in COURT....! The loan went from Countrywide to BofA, but the bank 'walked…
Bank of America, How Are You? (A song for the Great Recession)
Posted April 5, 2012 By David HaggithI’ve posted a new video for a song I wrote to give Bank of America credit that is due for helping to create a great recession for us all. The video is illustrated with photos from the Great Depression. My tribute to Bank of America with images of the time when it was born:
- Thank you. It is a corrupt time when the people who were illegally foreclosed on (according to the government) pay…
- Well done. Don't know how they get away with still paying their staff unbelievably high bonuses with our money. Hope…
Economic News Articles in the Great Recession — Archive for the week of 03/25/2012
Posted April 3, 2012 By David HaggithHere are the points you might want to take home with you from last week’s news. First, the stock market is not indicative of where the economy is going. For part of the week it was jumping up, and for part of the week, it was stomping down. Which part would indicate where the economy […]
- RE: Because it makes no difference how much the gorvenment invests, prints, or spends, that's the end result of the…