Not pretty scenarios. Government spending has thrown free market mechanism’s into distortion and disarray. So it should shape up to be an interesting year.
There are various takes on how everything will pan out. The MSM (main-stream media) paints everything as a rosy picture: we’re coming out of the recession and things will only get better, [...]
Posts under ‘Business’
Economic Predictions for 2010
The Real Issue with Dubai’s Debt
Dubai is just a harbinger of things to come for sovereign debt – Jeremy Warner
These are the exact things Peter Schiff and Gerald Celente were warning about a while back. The issue with this surprise Dubai news is not that they may default on $80-90 billion in debt (the news that came out today). Rather, [...]
China Risks Moving World Into Greater Recession
China has now become the biggest risk to the world economy – Ambrose Evans-Pritchard, (bracketed insertions and emphasis mine)
These are headlines you won’t ever read, that to me are worthy of true news alerts.
“By holding the yuan to 6.83 to the dollar to boost exports, Beijing is dumping its unemployment abroad – [...]
Russia Today with Gerald Celente on the Economy
Gerald Celente discusses the current status of our economy with Russia Today. In posting this, it is not an attempt at fear-mongering, but simply to point out what needs to be heard so we elect leaders who know what they’re doing to get us out of this. Frankly, even most Republicans don’t seem to understand [...]
The Wall Street Crisis May Be Over, But The Real Economic Crisis Still Looms
(Update: to be fair, Bank of America did take a hit this past quarter)
In order to create incentive and get consumers’ as well as investors’ confidence back up to levels before the financial crisis started, it seems the media and their overlords, whoever they may be (I personally think Goldman, JPMorgan, BofA, et al. :] [...]
Discussion of a Financial Coup D’Etat on our Economy … on PBS
http://www.pbs.org/moyers/journal/10092009/watch.html
(For the record, I do not necessarily agree with every view in this interview. As far as Moore is concerned, I agree with him concerning the assessment of the problems, that bankers (though I would add the government intertwined with the bankers) have created the problems. But I do not agree with his assessment that [...]
Dumping the Dollar in the Middle East, Russia, China, Japan, and France?
From the Independent: The demise of the dollar:
“In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and [...]
Ambrose Evans-Pritchard on the Real Cause of the Crisis
Germany declares economic war
“… Banks did not cause this global crisis. Governments around the world caused the crisis by forcing down the price of credit (Greenspan, Bank of Japan, and ECB on short rates: China et al on long rates, by flooding the global bond market) far too low for many years, encouraging debt. Banks [...]
Commercial Real Estate Watch
Exclusive – Wells Fargo’s Commercial Portfolio is a ticking time bomb – BankImplode.com
“In order to sort through the disaster that is Wells Fargo’s commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they are shocked with what they are seeing. Not only do the bank’s outstanding commercial [...]
