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Keyword: depression

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  • Forward? US Wage Income (% of GDP) at Lowest Level Since 1970

    10/13/2012 9:40:27 AM PDT · by whitedog57 · 7 replies
    Confounded Interest ^ | 10/13/2012 | Snakeeyes Econ
    The rise in the consumer confidence rose more than expected. Despite real GDP growth hovering barely above 1% and the crash in durable goods orders, this is indeed a surprise. Or is it another Fed induced bubble? According to University of Michigan, consumer confidence has risen to Bush-era levels of September 2007. Just to put it into context, I put a yellow line through the 100 level. We still have a long way to go to get to 100 from 83.1. Here is a chart of wage income divided by GDP. Why are consumers more confident? Perhaps consumers are reacting...
  • The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

    10/07/2012 6:56:32 AM PDT · by blam · 15 replies
    TEC ^ | 12-7-2012 | Michael Snyder
    <p>A devastating economic depression is rapidly spreading across the largest economy in the world. Unemployment is skyrocketing, money is being pulled out of the banks at an astounding rate, bad debts are everywhere and economic activity is slowing down month after month. So who am I talking about? Not the United States - the economy that I am talking about has a GDP that is more than two trillion dollars larger. It is not China either - the economy that I am talking about is more than twice the size of China. You have probably guessed it by now - the largest economy in the world is the EU economy.</p>
  • Ketamine for Depression: The Most Important Advance in Field in 50 Years?

    10/06/2012 4:37:30 PM PDT · by Renfield · 67 replies
    Time Healthland ^ | 10-05-2012 | Maia Szalavitz
    In any given year, 7% of adults suffer from major depression, and at least 1 in 10 youth will reckon with the disorder at some point during their teenage years. But about 20% of these cases will not respond to current treatments; for those that do, relief may take weeks to months to come. There is one treatment, however, that works much faster: the anesthetic and “club drug” ketamine. It takes effect within hours. A single dose of ketamine produces relief of depression that has been shown in studies to last for up to 10 days; it also appears to...
  • JOHN HUSSMAN: We Are Already In Recession, And The Economists Just Don't Know It Yet

    10/01/2012 3:54:57 AM PDT · by blam · 9 replies
    TBI ^ | 10-1-2012 | Joe Weisenthal
    JOHN HUSSMAN: We Are Already In Recession, And The Economists Just Don't Know It Yet Joe WeisenthalOct. 1, 2012, 5:00 AM In his latest weekly letter, investor John Hussman reiterates his belief that we are already in recession. In regard to a U.S. recession, keep in mind that the consensus of economic forecasters – not to mention central bankers - has never recognized the start of a recession in real-time, largely because their assessments typically revolve around a “stream of anecdotes” approach that treats each new economic report with equal weight, without distinguishing leading/lagging and upstream/downstream structure. For example, we’ve...
  • A Call for Caution on Antipsychotic Drugs

    09/24/2012 10:12:40 PM PDT · by neverdem · 41 replies
    NY Times ^ | September 24, 2012 | RICHARD A. FRIEDMAN, M.D.
    You will never guess what the fifth and sixth best-selling prescription drugs are in the United States, so I’ll just tell you: Abilify and Seroquel, two powerful antipsychotics. In 2011 alone, they and other antipsychotic drugs were prescribed to 3.1 million Americans at a cost of $18.2 billion, a 13 percent increase over the previous year, according to the market research firm IMS Health. Those drugs are used to treat such serious psychiatric disorders as schizophrenia, bipolar disorder and severe major depression. But the rates of these disorders have been stable in the adult population for years. So how did...
  • Obama’s Hidden Bread Lines

    09/24/2012 11:52:02 AM PDT · by arthurus · 41 replies
    Right Side News ^ | 24 September 2012 | Terresa Monroe-Hamilton
    Americans are experiencing sticker shock and it is about to get a whole lot worse thanks to Obama. Between gas and groceries, our household is sinking fast. My husband works about 35 miles from here, so gas is an issue. For a household of three, where two drive for work, our gas bill this month will be close to $900. Groceries will come in at a modest $1000 since we have cut back. And folks, we live in a state that has reasonable pricing. Inflation is just clearing her throat and getting ready to sing, so this is going to...
  • More Americans Now Commit Suicide Than Die in Car Crashes as Miserable Economy Takes Its Toll

    09/22/2012 10:38:53 PM PDT · by DogByte6RER · 53 replies
    The Daily Mail (UK.) ^ | 22 September 2012 | Daily Mail Reporter
    $56 million suicide prevention programme launched as study reveals more Americans take their own lives than die in car crashes Suicide is a bigger killer than car crashes, according to an alarming new study. The number of people dying from suicide has drastically increased, while car accident deaths haven lessened, making suicide the leading cause of injury death. Suicides via falls or poisoning have risen significantly and experts fear there could be en more going unrecognised, specifically in cases of overdose. 'Suicides are terribly under-counted,' said Ian Rockett, author of the study, published on Thursday in the American Journal of...
  • Dalio Fears Social Unrest That Led to Hitler’s Rise

    09/22/2012 5:58:26 PM PDT · by Kartographer · 36 replies
    CNBC ^ | 9/21/12 | Maneet Ahuja
    In a worst case scenario, he painted a much darker picture. “When people get at each other’s throat, the rich and the poor and the left and the right and so on, and you have a basic breakdown, that becomes very threatening,” Dalio told CNBC in an exclusive interview on “Squawk Box.” “For example, Hitler came to power in 1933, which was the depth of the Great Depression, because of the social tension between the factions. So I think it very much is dependent on how the people work this through together and worry about the social elements.”
  • Mort Zuckerman: Welcome to the Modern-Day Depression

    09/20/2012 12:47:18 PM PDT · by lbryce · 6 replies
    US News and World Report ^ | September 19, 2012 | Mortimer B. Zuckerman
    We Need to Recover from the Obama Economic Recovery How do you recover from a recovery? Just how bust the nation's "recovery" has been is painfully documented in the latest news, just two months before the election. The Census Bureau validated what middle-class Americans know all too well from their week to week, month to month struggle to make ends meet. The typical family is back to where it was in 1995. The analysis of annual data collected by the bureau indicates that median income in 2011 had fallen to $50,054, the fourth straight year of decline in well-being, and...
  • The “Depression that Shall Not Be Named” — things we notice that the corrupt media won’t report

    09/19/2012 12:15:19 PM PDT · by grundle · 50 replies
    hillbuzz.org ^ | Sseptember 18, 2012 | Kevin DuJan
    Full title: Ground Reports from the “Depression that Shall Not Be Named” — things we notice that the corrupt media won’t report that show this is indeed a Depression On my desk, just under the computer monitor, I have a little box full of slips of scrap paper. I’ve been doing this since I was a kid because the nuns who taught me in Catholic School refused to ever waste paper. Anything that comes into my home that’s blank on one side and has outlived its usefulness is drawn and quartered and spends some time as scrap paper in that...
  • China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

    09/12/2012 9:19:48 PM PDT · by Tolerance Sucks Rocks · 33 replies
    The Economic Collapse ^ | September 11, 2012 | The Economic Collapse
    The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, U.S. dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the...
  • The Terrifying Line in Obama's Speech That Everyone Missed

    09/09/2012 2:51:11 PM PDT · by IBD editorial writer · 83 replies
    Investor's Business Daily ^ | 09/07/2012 | IBD Staff
    His Agenda: President Obama's convention speech got rough reviews, and rightly so. He offered little but tired bromides and recycled promises. But critics overlooked one promise that will guarantee an even bleaker future. There was plenty to dislike in Obama's speech. The language was flat, his delivery languid. The speech was stuffed with standard Obama chestnuts about the smallness of politics, the corrupting influence of money in politics, and how cynicism is our worst enemy. [snip] But while everyone was picking apart these and other flaws in Obama's speech, they overlooked the most frightening line of all.
  • Recovery will require Depression-repairing level of effort, Obama tells national convention

    09/06/2012 6:00:12 PM PDT · by SeekAndFind · 54 replies
    Washington Post ^ | 09/06/2012
    CHARLOTTE, N.C. — His re-election in doubt, President Barack Obama conceded only halting progress Thursday night toward solving the nation’s economic woes, but vowed in a Democratic National Convention finale, “Our problems can be solved, our challenges can be met.” “The path we offer may be harder, but it leads to a better place,” Obama said in advance excerpts of a prime-time speech to delegates and the nation. The president’s speech was the final act of a pair of highly scripted national political conventions in as many weeks, and the opening salvo of a two-month drive toward Election Day that...
  • The Quadrillion Dollar Deflationary Debt Raft

    09/05/2012 11:07:56 AM PDT · by blam · 3 replies
    TMO ^ | 9-5-2012 | Raul I Meijer
    The Quadrillion Dollar Deflationary Debt Raft Interest-Rates / US DebtSep 05, 2012 - 02:03 AM By: Raul I Meijer Our Down Under roving reporter Skip came up with a few interesting questions when watching an interview that Russia Today recently ran with economist Richard Duncan. Where doth debt take us going forward, and, for that matter, where has it - really - taken us so far? If and when Japan implodes, does that force the US out of the possibility of moving - or already being - into the Japanese deflationary scenario and into something more sinister? Will it be...
  • Ex-Marine tweeted about killing co-workers in '09

    09/01/2012 5:34:32 AM PDT · by markomalley · 13 replies
    AP ^ | 9/1/2012 | KATIE ZEZIMA and SAMANTHA HENRY
    Unhappy with his life as a Marine stationed in California, Terence Tyler posed a question three years ago on Twitter: "is it normal to want to kill ALL of ur coworkers?" Struggling with depression, he left the Marines and recently started working at a supermarket in New Jersey. On Friday morning, Tyler shot two co-workers and himself, police said. The 23-year-old, clad in desert camouflage gear, opened fire at a Pathmark store in Old Bridge Township, authorities said. Authorities are investigating his motive, but family members said Tyler was discharged from the Marines two years ago after suffering from depression...
  • U.S. On The Highway To Hell

    08/28/2012 3:04:26 PM PDT · by blam · 65 replies
    TMO ^ | 8-28-2012 | Chris Kitze
    U.S. On The Highway To Hell Politics / US Politics Aug 28, 2012 - 02:19 AM By: Chris Kitze (Monty Perlerin / EconomicNoise.com)The Role of The Government in The Economic Crisis At this point, everything the government is doing – and not just the US government but governments everywhere − is not only the wrong thing but exactly the opposite of the right thing. They’re passing more laws, raising taxes, creating more currency and incurring more debt. They should be doing the opposite. We’re currently still in the eye of the storm. Their actions guarantee that when we go back...
  • Forsaken And Forgotten

    08/26/2012 7:32:21 AM PDT · by ex-Texan · 18 replies
    The Economic Collapse ^ | 8/25/2012 | Staff Members
    America is becoming a very cold place. If you don't have money, you don't really matter much in our society. The ads on television aren't for you - they are directed at people that actually have good jobs and that can afford to buy the nice little "extras" in life. The politicians aren't really interested in you either - they figure that they can buy your vote with all of the money that they are getting from the wealthy people. When you don't have money, even friends and relatives start to distance themselves from you. Perhaps they are afraid that...
  • Bill Gross: "Normal" Economic Growth Impossible Now: 90% of the Media Now Controlled by 6 Companies

    08/23/2012 3:04:20 PM PDT · by lbryce · 4 replies
    Money Morning ^ | August 23, 2012 | Terry Weiss
    Legendary market maven Bill Gross, the so-called "King of Bonds," said investors will flat-out lose money if they continue employing the "buy and hold" strategies of the past. In his August Investment Outlook, Gross told investors that "financial repression, QEs of all sorts and sizes" and low interest rates will "dominate the timescape" for decades, maybe longer. Investors must adjust to the new world order to avoid being the loser in this zero-growth environment, Gross warned. Ultimately, Gross said, the stock market's historical, inflation-adjusted 6.6% annual growth rate is unsustainable. Gross, of course, is a bond man. In March, he...
  • A Big Version of the Biggest, Most Important Chart in American Politics

    08/18/2012 7:26:57 AM PDT · by lbryce · 6 replies
    AEI Ideas ^ | August 18, 2012 | Saturday, August 18, 2012 Facebook Twitter Print Pethokoukis
    I’ve gotten a few requests for an embiggened version of the infamous jobs chart prepared by Obama administration economists Jared Bernstein and Christina Romer back in January 2009 (and updated by me). You know, the chart that predicted what the unemployment rate would be if Congress passed the Obama stimulus plan. Well, here you go. Click it once, let the next page load, and then click it again.
  • Gallup:August Unemployment Not Looking Good

    08/18/2012 6:55:54 AM PDT · by lbryce · 18 replies
    Gallup.com ^ | August 17, 2012 | Staff
    New Gallup unemployment data suggest an increase in the government's seasonally adjusted unemployment rate for August when it is reported on Friday, Sept. 7. During recent months, Gallup's measurements have been more optimistic than those of the BLS. Barring a sharp reversal in this relationship, the government's unadjusted unemployment rate might be expected to stay the same or increase in August. Gallup's Daily tracking of the unemployment situation is based on interviews with more than 30,000 adults over the 30 days ending Aug. 15, and shows essentially no change in the unadjusted unemployment rate at 8.3% compared to 8.2% in...