Keyword: recession

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  • Washington, D.C. and the Problem of Time

    10/26/2017 6:50:02 AM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | October 25, 2017 A.D. | John F. Di Leo
    “We have plenty of time.” When we’re young, everyone thinks we have time… plenty of time. We tell our children to study, to eat, to exercise, to learn, and they look at the clock, and they look at their parents, and what do they think? “What do those haggard, grey-haired grown-ups know? I’m a kid; I have plenty of time.” The same continues as we age. In our twenties, we date for fun and put off marriage; there’s still plenty of time. In our thirties, we spend our money on houses and vacations rather than saving for retirement; there’s still...
  • The Federal Reserve is setting America up for economic disaster

    09/19/2017 7:24:05 PM PDT · by Tolerance Sucks Rocks · 75 replies
    The Hill ^ | September 18, 2017 | Armstrong Williams
    I recently had the opportunity to read "The Creature from Jekyll Island" by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions. America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine that prohibited our involvement in European affairs) The Bolshevik Revolution of 1917 was supported by international financial interests in order to destabilize Russia and steal the wealth of the Russian people; and So-called "foreign aid" is merely a...
  • The Democratic Party and the War on Work

    09/04/2017 4:04:56 PM PDT · by jfd1776 · 8 replies
    Illinois Review ^ | September 4, 2017 A.D. | John F. Di Leo
    Reflections on Labor in America, on Labor Day Weekend... The Friday that began Labor Day weekend, 2017, brought with it a disappointing jobs report. While the economy is still growing, and the stock market is booming, the most personal statistic of all – whether a person is employed or not – is the most frustrating one to watch. We should begin the discussion by considering the flaws of these statistics. Unemployment and jobs are tricky things to measure, because a part time job isn’t the same as a full time job, one person’s home business isn’t the same as another...
  • A Look at President Trump and the State of the Nation on his Birthday

    06/14/2017 5:47:25 PM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | June 14, 2017 A.D. | John F. Di Leo
    President Donald J. Trump was born on June 14, 1946, a day also celebrated as the birthday of the Continental Army (1775) and the United States Flag (1777). It’s a good day to be a patriot. At this writing, as he celebrates his 71st birthday, Donald Trump has been in office for less than five months. If the 100-day mark in a presidency is too early to judge a presidency, then so is this, so we mustn’t try. There is still room for almost all possible outcomes at the end of his four years (or eight). It is, however, a...
  • 12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here

    06/03/2017 4:46:23 AM PDT · by blam · 79 replies
    TEC ^ | 6-3-2017 | Michael Snyder
    Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all. U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of just 1.33 percent that we saw over the previous ten years. But when you look even deeper into the numbers a much more alarming picture emerges. Commercial and industrial loan growth is declining, auto loan defaults are rising, bankruptcies are absolutely surging and we are on pace to break the...
  • Truth, Lies, and The Paris Accord

    06/02/2017 11:49:25 AM PDT · by jfd1776 · 27 replies
    Illinois Review ^ | June 2, 2017 A.D. | John F Di Leo
    In 2015, one of the endless subsets of the United Nations – specifically, the United Nations Framework Convention on Climate Change, or UNFCCC – gathered to write a retreat from modernity based on the junk science known as “man-made global warming,” or, more recently, since the discovery of the undeniably fabricated “hockey stick” model that originally justified the idea, “man-made global climate change.” Representatives of 195 countries – yes, that’s almost every country on earth – signed onto the agreement, commonly known as The Paris Accord. In many cases, one representative’s signature was enough, and in others, the signature is...
  • Trump's budget could plunge nation's capital into recession

    04/01/2017 5:29:23 PM PDT · by ameribbean expat · 138 replies
    While many of the targeted federal agencies have offices outside Washington, Trump's dream budget would hit the region disproportionately, with tens of thousands of jobs at risk. The cuts would be felt throughout the city, with fewer people riding the already-beleaguered Metro subway or eating at restaurants. It would also hurt Washington's already-shaky market for office space. Economist Stephen Fuller of George Mason University, who has studied the regional economy for decades, estimated 20,000-24,000 federal employees and 10,000 federal contractors would lose their jobs under Trump's proposal. That equates to 5 percent of federal workers in the region. With those...
  • Fed rate hikes + low growth = recession, says stock-market strategist

    03/16/2017 3:14:18 AM PDT · by SkyPilot · 18 replies
    Market Watch ^ | 15 Mar 17 | Marc Decambre
    Some fear rate hikes could tip the economy into a recession. The Federal Reserve on Wednesday lifted benchmark interest rates for only the third time in about a decade, and that has caused trepidation among some market participants. Lance Roberts, chief investment strategist at Clarity Financial, makes the case in one chart that raising interest rates off ultralow levels during a period of tepid economic growth coincides with recessions in the following three to nine months (see chart below, which compares real, inflation-adjusted, GDP to Fed interest rate levels). The Fed lifted key rates by a quarter-point Wednesday to a...
  • How The Federal Reserve Is Setting Up Trump For A Recession

    03/15/2017 2:57:09 PM PDT · by HomerBohn · 53 replies
    Investing ^ | 3/14/2017 | Michael Snyder
    Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump. Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable panel of central bankers that is running the show, and until something is done about the Fed our long-term economic problems will never be fixed. For an extended analysis of this point, please see this article. In this piece, I am going to explain why the...
  • Trump Lauds Job Numbers He Once Impugned

    03/11/2017 9:02:50 AM PST · by PK1991 · 33 replies
    YouTube ^ | March 11, 2017 | Peter Schiff
    President Trump lauds job numbers he once impugned. He is now owns the bubble burst and resulting collapse with less than two months in office.
  • Health Insurance Reform and the American Entrepreneur

    03/08/2017 1:47:08 PM PST · by jfd1776 · 5 replies
    Illinois Review ^ | March 8, 2017 A.D. | John F Di Leo
    Part One of the House GOP’s official plan to repair/undo/fix/replace Obamacare was released this week, to utter shock and dismay. The authors say that everything America needs will be in the full packet, so it’s unfair to judge Part One without seeing the rest. That may be true, so here, let’s just look at the big picture, whether it’s one part, two parts, three or ten. America had a healthcare financing problem a decade ago. Conservative solutions, such as malpractice/tort reform, extending the tax-deductibility that employer-provided health insurance gets to individual policies too, and closing the borders to reduce the...
  • ‘Trump makes sense to a grocery store owner’ [Interview with "Black Swan" author]

    02/08/2017 12:57:16 AM PST · by 2ndDivisionVet · 22 replies
    The Hindu ^ | January 29, 2017 | Suhasini Haidar
    Economist-mathematician Nassim Nicholas Taleb contends that there is a global riot against pseudo-experts After predicting the 2008 economic crisis, the Brexit vote, the U.S. presidential election and other events correctly, Nassim Nicholas Taleb, author of the Incerto series on global uncertainties, which includes The Black Swan: The Impact of the Highly Improbable, is seen as something of a maverick and an oracle. Equally, the economist-mathematician has been criticised for advocating a “dumbing down” of the economic system, and his reasoning for U.S. President Donald Trump and global populist movements. In an interview in Jaipur, Taleb explains why he thinks the...
  • Unsustainable model: Economist says 'balanced budget' adage doesn't work

    01/22/2017 7:13:32 PM PST · by Tolerance Sucks Rocks · 39 replies
    The Montana Standard ^ | January 22, 2017 | Tom Lutey
    BILLINGS -- As bipartisan crowd-pleasers go, few get Montanans nodding more approvingly than calls for a balanced federal budget, which is why U.S. Sen. Steve Daines recently offered a bill forcing his peers to go unpaid unless they reign in spending. “As I travel around Montana, as I did in December wrapping up a 56-county tour, when I talk about this bill, it’s a bill that will literally bring applause from across the state,” Daines told The Gazette. The state of Montana balances its budget. The federal government should do the same, or so goes the narrative that literally every...
  • Hard Times for Retail Stores: Obama's Fault, not Amazon's

    01/06/2017 1:19:13 PM PST · by jfd1776 · 30 replies
    Illinois Review ^ | January 6, 2017 A.D. | John F. Di Leo
    Reflections on the future of retail… As the new year began, right in the midst of outgoing Resident Barack Obama’s ever-more-urgent pleas for a “legacy,” two announcements hit the news: the family of Sears and K-Mart will close yet another 109 K-Marts and another 41 Sears’ stores in 2017, and Macy’s will close another 68 of theirs. It was to be expected, of course. The analysts say that these stores are of an old breed that hasn’t kept up; they still use brick and mortar, unlike the darlings of the new age of retail, Amazon and Etsy et al, which...
  • Paul Krugman’s ‘Global Recession’ Prediction Lasted as Long as He Was Asleep

    11/10/2016 8:20:46 AM PST · by Beave Meister · 6 replies
    The National Review ^ | 11/9/2016 | PAUL CROOKSTON
    Paul Krugman has already had to walk back his prediction of a global recession following Donald Trump’s presidential victory last night. His initial post on the New York Times’ website was confidently apocalyptic about the prospects of Donald Trump plunging the world into a depression: “If the question is when markets will recover, a first-pass answer is never.” He concluded by saying, “So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.” Markets rebounded in...
  • What could prevent Donald Trump's recession (LOL! / Barf)

    11/09/2016 8:09:44 AM PST · by qam1 · 13 replies
    Yahoo ^ | 11/9/2016 | Rick Newman
    His presidency-to-be isn’t starting well. News that Donald Trump will be the 45th president of the United States has sent global stock markets plunging, with U.S. markets on track for a loss of 5% or more when they open the day after Election Day. Trump has promised to unravel free-trade deals, roust undocumented workers out of the country and perhaps even send Federal Reserve chair Janet Yellen packing. This is bad news for big companies, small companies, ordinary investors and perhaps even the very workers Trump says he aims to help. When Moody’s Analytics analyzed Trump’s economic plan over the...
  • What Could Go Wrong in America?

    10/27/2016 3:32:06 AM PDT · by expat_panama · 14 replies
    project-syndicate ^ | OCT 26, 2016 | MARTIN FELDSTEIN
    CAMBRIDGE – Although the United States economy is in good shape – with essentially full employment and an inflation rate close to 2% – a world of uncertainty makes it worthwhile to consider what could go wrong in the year ahead. After all, if the US economy runs into serious trouble, there will be adverse consequences for Europe, Japan, and many other countries. Economic problems could of course originate from international political events. Russia has been acting dangerously in Eastern and Central Europe. China’s pursuit of territorial claims in the East and South China Seas, and its policies in East...
  • Robert J. Samuelson: Are We Ready For Financial Crisis 2.0?

    10/18/2016 4:40:48 AM PDT · by expat_panama · 34 replies
    Investors Business Daily ^ | Oct. 17, 2016 | ROBERT J. SAMUELSON
    While everyone fixates on the U.S. election, developments in the world economy threaten to create problems for the next president and, possibly, trigger a major financial crisis. A little-noticed study by the International Monetary Fund (IMF) delivers the bad news. It finds that global debt -- including the debts of governments, households and non-financial businesses -- reached a record $152 trillion in 2015, an amount much higher than before the 2008-09 financial crisis. What's worrisome about this is that the global economic recovery has assumed widespread "deleveraging" -- the repayment of debt by businesses and households. Initially, the theory went,...
  • The Next Economic Slowdown Looms Large

    10/11/2016 3:57:49 AM PDT · by expat_panama · 12 replies
    Real Clear Markets ^ | October 11, 2016 | Peter Schiff
    Currently economists and market watchers roughly fall into two camps: Those who believe that the Federal Reserve must begin raising interest rates now so that it will have enough rate cutting firepower to fight the next recession, and those who believe that raising rates now will simply precipitate an immediate recession and force the Fed into battle without the tools it has traditionally used to stimulate growth. Both camps are delusional, but for different reasons. Most mainstream analysts believe that the current economy can survive with more normalized rates and that the Fed's timidity is unwarranted. These people just haven't...
  • Bank of America has a recession warning that's downright 'scary' (Wall St & MSM pivot on Hillary)

    10/10/2016 12:56:12 PM PDT · by MarchonDC09122009 · 57 replies
    Yahoo Finance ^ | 10/09/2016 | Stephanie Landsman
    <p>Bank of America has a recession warning that's downright 'scary'</p> <p>There's a chilling trend in the market, and it could wreak havoc on your portfolio, a top market watcher said.</p> <p>"We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand," Bank of America-Merrill Lynch's head of U.S. equity and quantitative strategy Savita Subramanian recently warned on CNBC's " Fast Money ."</p>