Post Tagged with: "depression"
The Job Guarantee, Kleptocracy and Blogging
A post about the job guarantee idea in the context of a historic economic crisis
Herbert Hoover: White House Statement on Federal Expenditures, June 1931
The following is a statement issued by Herbert Hoover’s White House on 2 June 1931 regarding the federal budget deficit for the year. I have highlighted the parts most relevant to today’s situation
Steve Keen on HARDtalk on the financial crisis and the economy
This time it’s Steve Keen on the hotseat on HARDtalk. Now, Steve is one of the few economists who actually predicted the global financial crisis. But what about the possibility of another Great Depression? That possibility and how to avoid it were the topics of conversation in this 25-minute interview. Great stuff
An Open Letter to Dr Jens Weidmann
The EZ crisis is approaching a tipping point beyond which market panic and slow government reaction threaten to create a generation-defining loss of jobs, savings, and pensions. This open letter to the president of the German central bank presents arguments that counter German objections to using the Eurozone’s last remaining defence against economic calamity – the
David Rosenberg on the economic depression in the United States
David Rosenberg recently spoke to WealthTrack’s Consuelo Mack about prospects for the US economy. Rosenberg believes that upside to US economic growth will continue to be constrained by high levels of debt. Despite historic levels of fiscal and monetary stimulus, “no major economic indicator that measure the economy from employment to GDP to industrial production to real incomes has managed to get back to their prior cycle highs in late 2007″, notes Rosenberg. He believes that we are in a depression.
Video below
Is the US headed for recession?
Bottom line: I think we are in the technical recovery phase of a double dip recession that is a once in a generation period of balance sheet repair. To me, it’s a depression. Irrespective of what you call this thing we are living through, it is not good. Unemployment is sky high, wage growth is nowhere and we are still beset by crisis