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 ‘Economics’
Economic Predictions for 2010
Why Did the Copenhagen Deal Collapse? China
How do I know China wrecked the Copenhagen deal? I was in the room – Guardian
Copenhagen was a disaster. That much is agreed. But the truth about what actually happened is in danger of being lost amid the spin and inevitable mutual recriminations. The truth is this: China wrecked the talks, intentionally humiliated Barack Obama, [...]
Obama Economic Advisors: Recession is Over/Not Over?
Obama Economic Advisor Larry Summers: “Everybody agrees that the recession is over.”
Obama Economic Advisor Christina Romer: Of course the recession isn’t over.
Ooops!
Kudos to David Gregory for asking tough questions on the stimulus. Giving credit where credit is due. Romer’s answers on everything else (beside her response on whether or not we’re still in a recession) [...]
Peter Schiff Debates David Epstein of Columbia University
Two kinds of economists exist in the world: those who know first-hand the inner-workings of the economy and those who theorize about how they think it should work and implement policies that have the opposite effect intended. That is the story of the difference between the Austrian school of economics and Keynesianism. One view is [...]
The Dollar Bubble
Bottomline: we are going to have to get back to producing and saving in this country and move away from consuming and spending (particularly money we don’t have) before things get better. It could be a long slog ahead.
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, [...]
Hussman: Fed Engaging in Unconstitutional Abuse of Power
Excerpt from this article found on Mish’s blog:
The policy of the Fed and Treasury amounts to little more than obligating the public to defend the bondholders of mismanaged financial companies, and to absorb losses that should have been borne by irresponsible lenders. From my perspective, this is nothing short of an unconstitutional abuse of power, [...]
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 – [...]
Obama on US Debt
Obama: Too much debt could fuel double-dip recession – Reuters.com
Our Debt as it Stands Now – TreasuryDirect.gov
“‘It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually [...]
