“Anyone who was looking for a quick recovery was basically in cloud cuckoo land” says Gillian Tett, US managing editor, Financial Times. “The world is waking up to the fact that there is a process of so called deleveraging going on. That economies and companies and banks still need to cut debt and so do households and that process is going to be brutal and slow.”
Post Tagged with: "double dip recession"
August 3, 2011 05:08
Pimco, BlackRock Say U.S. Economy Is Running at ‘Stall Speed,’ Fed May Act
“We’re not looking at a recession yet, but we’re at a tipping point,” Gross said yesterday in an interview on Bloomberg Television. “We’re at what we call a stall speed in which corporate profits don’t grow, jobs aren’t created,” said Gross – Bloomberg.com
July 11, 2011 05:54
Countdown to $100 oil – a date with history?
On two past occasions, the average annual oil price has hit $100 per barrel and this has been followed by recession. At time of writing (7th July) the annual average for Brent was $95.4, on course to breach $100 some time in September. Will history repeat itself? Or has the global economy grown immune to high energy prices?
March 9, 2011 05:16
UK on the verge of a double dip
More than half of importers and exporters (51%) think a double dip recession is likely, a 17% increase from January 2011, whilst 45% are concerned the Chancellor’s Budget will negatively impact their business.
February 2, 2011 09:14
Housing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In U.S. History
We are officially in the middle of the worst housing collapse in U.S. history – and unfortunately it is going to get even worse.
December 22, 2010 06:17
The Federal Reserve: Aging Magician of the Welfare State
We hear of no “Plan B” to address the contradiction in terms that we may actually face: a welfare state bereft of an effective central bank.
December 15, 2010 05:12
The Only Thing That Will Save Us Now Is Fear Itself
Our government is bankrupt, its deficit is insurmountable, and at both the federal and state levels, we’ve run up more debt than can possibly be repaid. This isn’t a political thing; it’s a numbers thing. Either everything I’ve ever learned about math and economics is wrong, or we’re on the verge of going down.
November 16, 2010 07:45
Be Careful What You Wish for
I think basically that the crash of 2007 through 2009 was only the first half of a much larger problem. I don’t want to say the worst is yet to come, but the second half may not be any more pleasant.
October 11, 2010 05:01
Fed in ‘uncharted waters’
“Christina Romer, who recently stepped down as a White House economic adviser, said the Fed is in uncharted waters and it is unclear how much further easing will accomplish.” -Reuters
October 6, 2010 06:39
A Post-Obamanomics Growth Plan: Start By Slashing Taxes, Spending
Obamanomics has failed. More people suffer in poverty today in America than since the Census Bureau began keeping poverty records 51 years ago. The total is 44 million, one in seven Americans.
