depression
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America’s Current Jobs ‘Great Depression’
Two well-known and highly respected mainstream economists, Carmen Reinhart, a chief economist for the World Bank, and Vincent Reinhart, chief economist for Morgan Stanley bank, have recently published an article in the widely read capitalist source, Foreign Affairs, entitled ‘The Pandemic Depression’. Arguing primarily from a global perspective, the economists have concluded the US economy… Continue reading
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What Lies Ahead
On July 6, 2020 I posted my extended view and analysis why the 3rd quarter US GDP would falter–and lead to a W-shape recovery, as it typical of all Great Recessions. The current recession’s scenario was compared with 1929-30 and 2008-09, and 8 reasons were given why the US current economic rebound (not recovery) would… Continue reading
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Why 3rd Quarter US Economic Rebound Will Falter
The reopening of the US economy in June—and some states as early as May—has produced a modest economic ‘rebound’. But rebound is not to be confused with economic recovery. Continue reading
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The tug of war between the virus and fiscal stimuli
7 April 2020 — theplanningmotivedotcom The markets have taken solace from the various fiscal, rather than monetary stimuli, recently introduced, including the $2.2 trillion package by the US Senate. CNBC has observed that: markets have moved sideways over the last 7 sessions. However, as the economic news becomes more disastrous it is likely that this Continue reading
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RECESSION FOR CHINA, DEPRESSION FOR EU AND USA?
22 March 2020 — theplanningmotivedotcom The market crash is now four weeks old. The first two weeks registered falls without a liquidity crisis (see pie chart below). The third week registered sharp falls with a liquidity crisis. The fourth week registered the biggest weekly falls with severe dislocation between assets because investors decided to be Continue reading
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The fantasy world of the Long Depression by michael roberts
This week, the US Federal Reserve Bank decided to stop raising its policy interest rate for the rest of 2019. The Fed started hiking rates from near zero back in late 2016 on the grounds that the Long Depression (in economic growth, investment and employment in the US and in other major economies) was over. … Continue reading
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Disintegrating Economic Recovery By Prof. John Kozy
The word ‘recover’ always has the connotation of “getting back.” But who is going to get back what when the economy “recovers”? Few at most. So what does an economic recovery look like? No one knows. The word ‘recovery’ can not be applied to objects willy-nilly. Continue reading
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The New Great Depression Selected Articles 8-11 August, 2009
Global Research New Great Depression Selected Articles 8-15 August, 2009 Continue reading
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A Commodity Called Misery By Joe Bageant
Why is there enough pain and alienation to sustain America’s umpteen billion dollar mental health business and its 400-plus specialties, not to mention the inner self-help industry and Deepak Chopra’s royal court. Continue reading
The New Dark Age 