It’s official: The Great Recession ended last summer, say some deeply clueless economists, before being herded back into their hermetically sealed isolation chambers so as to avoid any undue contamination from actual reality.
| |||||
America and Europe face the worst jobs crisis since the 1930s and risk “an explosion of social unrest” unless they tread carefully, the International Monetary Fund has warned. Historians say the last time that the wealth gap reached such skewed extremes was in 1928-1929. Some argue that wealth concentration may cause investment to outstrip [...] The Beige Report, a widely watched economic report from the Fed, reported nationwide signs of a deceleration in growth. This will of course, make the talking head cheerleaders (how’s that for mixing metaphors!) exceedingly grumpy. But mark my words, they will try to spin this into good news anyway. Let’s see if we can [...] Bloomberg (or, considering the topic, maybe that should be Doomberg) The U.S. economy is so bad that the chance of avoiding a double dip back into recession may actually be pretty good. The sectors of the economy that traditionally drive it into recession are already so depressed it’s difficult to see them getting a [...] From Academy Award® nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews [...] I am the US economy. I need your debt Dang it folks, just what is your problem? Apparently you’ve all been saving and being thrifty rather than taking on more debt and buying stuff you don’t need. This is just so wrong. And it’s hurting the economy. “There is an epidemic of thrift,” [...] When the Financial Times runs a piece detailing the decline of the American middle class, you know things are getting bad. “Think of the American economy as a large apartment block,” says [a Harvard economist]. “A century ago – even 30 years ago – it was the object of envy. But in the last [...] Doug Henwood For a long time, I’ve been critical of the left-wing penchant for economic crisis. Many radicals have fantasized that a serious recession — or depression — would lead to mass radicalization, as scales simultaneously fell from millions of pairs of eyes and the imperative of transcending capitalism became self-evidently obvious. I’ve long [...] Congress is hard at work extending a set of popular tax breaks. Those for individuals include tuition credits, sales tax credits, and real estate tax credits. For corporations, there are credits for the construction of housing developments, and a multitude of credits to encourage large corporations to hire new employees. To help pay for [...] This is exactly what happened in Japan in 90′s due to the pop in real estate bubble and resulting deflation and recession. They can’t get out of it. It’s called the lost decade(s). |  | ||||
Copyright © 2012 Politics in the Zeros - All Rights Reserved | |||||
Recent Comments