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
Economic News Articles – Archive for Week of 12-11-11
I’m going to start posting a weekly recap of the economic news headlines. These headlines of news articles and their summaries come and go from the sidebar, so not everyone sees them on the particular day they tune in. This is a chance to make sure you didn’t miss any of the major economic news […]
My Grand Recessional for Europe as It Dances Rings Around the Euro Crisis One More Time
European leaders pressed the case that a new fiscal accord will deliver the region from its two-year debt crisis, as Germany’s top central banker cooled speculation the European Central Bank will extend its role. (Bloomberg) Europe, again, does too little, too late. The markets may dance a little to the news, but whatever lift the […]
Stock Market Euphoric Over Ongoing Recovery from Great Recession; Credit Ratings Indicate Ongoing Crash into Great Depression. Which is it?
Today’s news gave rise to outspoken hopes that the Great Recession is ending … again. This seems to have the whole world excited, except me. The stock market is soaring this morning as the U.S. Federal Reserve and the European Central Bank announced an agreement to loan U.S. money to European banks at lower rates. Jobs […]
Is a European Superstate under German Dominance the Hidden Goal of the Euro Plan?
The London-based Telegraph today reports a German memo that sets out major expansion plans for centralized EU powers in Brussels over individual European nations. “An intrusive European body with the power to take over the economies of struggling nations should be set up to tackle the eurozone crisis, according to a leaked German government document.” […]
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 […]
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. […]
Greek Crisis Ain’t Over Till Fat Lady Sings
Well, the German fat lady (Chancellor Angela Merkel) did sing, but her song rang hollow, and she was unable to sustain the final note. That’s because Greek Prime Minister George Papandreuo, gave her a sucker punch during her final note. Papandreuo suddenly switched his part from leading man to playing the fool by doing something […]
Last-Minute Euro-Crisis Update: Stock Market Ecstasy Has No Afterglow
I warned in an article posted here two days ago that the plan for the European Economic Crisis left a lot to be desired and that market enthusiasm for the plan, as it sent the market into convulsions, was as meaningless as … well, sex in a whorehouse. Such euphoria is just what happens there. […]
The Greek Crisis — A Euro-Splitting Headache or The Greek Depression?
We have seen it many times before in the last couple of years: dark weeks of gloomy economic news day after day — nothing actually fixed in the economy — yet suddenly the bulls explode into the marketplace over a mere glint of sunlight. We have particularly seen the running of the bulls with respect […]
