Comments on: Global recession has begun Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: Vardis Fri, 07 Nov 2008 21:15:10 +0000 My worry is where these trillions of dollars being pumped into the financial markets coming from? I’m sure it wasn’t just sat in the ‘rainy day’ box.

By: Chuck Fri, 07 Nov 2008 00:12:00 +0000 Well Repubs, The coming chaos will show that those of you who have benefitted from your ignorance and greed are more vulnerable to those harmed by it. The fall we be bigger for you.

Remember the old expression “Eat the Rich!”?

Best be paying your guards well.

By: Mark Thu, 06 Nov 2008 10:13:51 +0000 no, it is actually world experiment with paper currency which is now collapsing

By: Lowell Wed, 05 Nov 2008 12:06:11 +0000 The legacy of the Bush Administration will be a doubling of the National debt, and a long period of malaise followed by the demise of the dollar in 2017 when the SS becomes an expense instead of a way to make the deficit not appear as huge as it really is. The current projection of a ^1 10/12 deficit for FY 09 will prove to be wrong as tax revenues will fall during the recession. This is shaping up to be the Big One and that’s what we’re going to get–The Big One! Thanks Mr. Bush
I hope the big oil executive position you’re going to get was worth it!

By: Peter Wed, 05 Nov 2008 04:46:48 +0000 Inflation is coming – not going

Sure, commodity prices are down from their highs, but it can take up to two years for a commodity, such as iron ore or petroleum, to work its way through the economy. Its may well fall below its current 2.9%, but not thanks to commodity prices. It’s the dollar.

But at the same time as the dollar is rising, the US is pumping unprecedented volumes of cash into the economy. The problem right now is that that money is frozen up and non-inflationary. Once it unfreezes, inflation is going to roar in and send non-import prices through the roof and lead to a falling dollar. It won’t be an accident – this is exactly what the treasury is hoping for so that housing prices will rise and banks will look healthy again.

But for those of you with cash savings, say goodbye to a big chunk of them as they get inflated away.

By: Jonathan Cole Tue, 04 Nov 2008 21:04:32 +0000 The idea that inflation is falling, is absurd, because the whole concept as it is generally understood in modern economics is poorly conceived. Prices falling does not necessarily equal lower inflation. It is more like deflation which is the serious aftermath of speculative bubbles. The fact is that energy prices are still up a huge amount over what they would have been if a steady rise in price of say 3% annually had been occurring.

These costs to the economy are a direct windfall to the petroleum industry and speculators who are in position to move markets.

What we are experiencing in this extremely volatile whipsawing economy is the last of the grand larceny against the hundreds of millions of ordinary citizens, municipalities and investors by financial criminals in league with their politician friends.

The many trillions of dollars that have been removed from all asset classes have simply switched from one pocket to another. Namely the guileless ordinary citizens losses are the gains of a few big-time insiders.

This is the lesson of not impeaching clearly criminal behavior in government. You get no end to the audacity of greed and criminality. If the leaders are crooks then their sycophants are crooks and it filters down through society.

This is why the founders of this nation made a clear path for removing leadership engaged in criminal activity, misfeasance and malfeasance. But our political system has been bought by the very forces they were supposed to protect us from. By not doing their duty to the constitution our “representatives” have consigned the entire nation to a long period of stress and suffering.

But in the end this is a government of the people. By not marching in the streets in the tens of millions we have allowed the bad guys to win. So will we learn from this or just stick our heads in the sand?

By: economic guy Tue, 04 Nov 2008 20:24:53 +0000 enough doom and gloom..we already know the us was in recession..defined as two quarters of negative growth even though mccain failed to recognize the facts.

lets review over 7 fed rate cuts with the current rate at 1%.all of the g7 nations cut rates.250 billion approved by congress and used to add to bank financial statements greenspan stated this was enough.the commercial paper mk thawing and rates are down.a new and ligimately elected president with a democratic congress.
all on the same page not like the republicans. housing prices falling 20% and now banks realize better to refi exisiting homeowners than take the homes away and let them sit on the mkt.
nationalized industries and banks cutting back on consumer credit so no more over borrowing.china,japan,the eu are all on the same page working in unison to propel their economies upward.the first month of real estate sales went up in september.the homebuilders and the gov moving towards the green economy…more energy efficiancy and creating 5 million green jobs.less than i million jobs lost in the year 2008.
with the current shake out americans will not spend like druken sailers americans will become more cautious with their money. women will start to expect less..smaller homes,less disposable income,less going out every friday and saturday,more sex to keep their husbands,,less spent on credit cards more spent on thrift more suvs smaller more energy efficiant more second cars
public transportant will become the norm.a contraction in the american lifestyle amercans consume 23% of the worlds energy with only 10% of the worlds people.this will become more balanced.