Saturday, November 22nd, 2008

Posts Tagged ‘ Great Depression ’

Why Reflating The Credit Bubble Is A Bad Idea

Nov 19th, 2008 | By Bill Bonner | Category: Politics & Economics

You can’t cure a bubble by reflating it, says Bill Bonner. But that won’t stop the Obama administration from trying. Bill says we should get ready for trillion-dollar budget deficits, huge infrastructure programs, and bailouts for “brain dead” businesses. But none of this will be able to stop the economic correction that has to happen.



A Greater Depression?

Nov 17th, 2008 | By Contrarian Profits | Category: Featured

The record drop in consumer spending in October is clear evidence of a profound weakening of the US economy.  Even President Bush think thinks the situation is bad. At the G20 summit over the weekend, he said it was conceivable that the US “could go into a depression greater than the Great Depression“.



Revisiting the Dow’s 1933-1936 Rally

Nov 14th, 2008 | By Eric Roseman | Category: Financial News

Probably one of the craziest suppositions now is to project a 100% gain for U.S. stocks over the next few years. After all, everyone, and I mean everyone is suffering big losses in the market this year and nobody truly believes equities will start a bull market any time soon.



Debt Clock Runs on Borrowed Time

Nov 12th, 2008 | By Richard Daughty | Category: Financial News

And this time in history we have gone one step farther down the path of True Economic Insanity (TEI) in that we not only created and spent all that money on gluttonous consumption, but we borrowed it all into existence, too! Hahaha!



Stock Market Set For Worst Year Since 1937

Nov 11th, 2008 | By Bill Bonner | Category: Financial News

Barring a massive bounce in the coming weeks, this will be the worst year for stocks since 1937, says Bill Bonner. The greed driving the market has turned to fear. And not the kind of fear that President Bush created about terrorists to push through his agenda. This time we need to be afraid…



Study of Great Depression Shows Postponed Foreclosures and Spikes in Mortgage Rates

Nov 6th, 2008 | By William Patalon III | Category: Financial News

It was January 1934. The Great Depression was five years old – but still had another five years to run.
The carnage was horrific: From 1929 to 1934, U.S. personal income plunged 44%, real output nosedived 30% and the unemployment rate soared to 25% of the American labor force.



Why Today’s Crisis Is More Like 1919 Than 1929

Nov 5th, 2008 | By Justice Litle | Category: Featured

Mainstream media is full of ‘Great Depression’ comparisons to today’s credit crisis. But Justice Litle says there are actually many similarities to be found a decade earlier. In 1919, there was a stock market crash, commodity slump, and a major bank bailout. But there is some hope: out of all that misery, the “roaring twenties” were born.



Everything Is Happening As It Should

Nov 3rd, 2008 | By Bill Bonner | Category: Politics & Economics

Daily Reckoning editor Bill Bonner says everything is going according to plan. An unsustainable credit-fuelled boom popped. And businesses, consumers and financial markets are left reeling. Bill says US stocks could fall much further before stabilising at a ‘normal’ level. Meanwhile, reckless money printing by the Fed will eventually take down the dollar, and light a fire a fire under gold prices.



Third Quarter GDP Suggests U.S. Has Entered Into Recession

Oct 31st, 2008 | By Jason Simpkins | Category: Financial News

The U.S. economy shrank at an annualized rate of 0.3% in the third quarter – the biggest decline in seven years – after businesses cut back on investments and consumer spending experienced its sharpest pullback since 1980. And though the contraction was smaller than economists expected, they are still predicting a drawn-out downturn that could be one of worst U.S. recessions since the Great Depression.



Fed Intervention Will Only Deepen The Pain

Oct 31st, 2008 | By Bill Bonner | Category: Politics & Economics

Bill Bonner says the Fed will make this slump longer and harder than it should be. Bernanke & Co are using every weapon in their arsenal to prevent deflation. But they tried this during the Great Depression. And Japan tried it in the 90s. And both times they only managed to deepen the pain.