The Great Recession Blog

I would suspect most of my readers have never seen the WND (WorldNetDaily)  website, but I sometimes browse mirky backwaters in search of economic news that the press is largely missing. In the process, I  stumbled into a cesspool of  propaganda known as WorldNetDaily or WND, which is a watering hole for people with views so […]

It’s time for the mid-year audit of my 2013 economic predictions. I learned from last year and throttled back a little this year. While luminaries like Marc Faber predicted a great economic collapse in 2013, I decided the government has a lot of energy to keep powering through a bad plan. It would be almost […]

As I consider my 2013 Economic Predictions, I have to take a lesson from my “Economic Predictions for 2012.” I was right in all the trends, because economic fundamentals drive the trends, but I was wrong in not seeing how denial of economic reality could maintain itself longer than I thought, slowing the speed and […]

Will an Iran war with Israel and/or America happen in 2012 before the U.S. presidential elections or after? When will Israel attack Iran? What is the key factor that could change Obama’s timing that no one is thinking about … except maybe Obama.

This revealing article about the threat of a nuclear Iran is sourced directly from Iran’s own FARS news agency, quoting Iran’s “Supreme Leader” as to what the West must fear. While it was part of my recap of the weekly news, I felt the quotes from Ayatollah Khamenei divulge intentions that should not remain buried in […]

China brings its big bird in for an easing landing • Europe founders in the doldrums of its own making • The early-winter warmth that appeared to thaw the U.S. economy has turned into an economic drought • while Iran keeps the heat on from the Middle East.

I 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.

This may seem an esoteric or conspiratorial topic for a web site about economics during the Great Recession, but no human event has greater economic impact than war. One cannot make reasonable economic predictions — especially in 2012 when Iran is under the heaviest sanctions the world has ever imposed on another nation — without […]

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 […]