“This is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.”
Post Tagged with: "global recession"
December 16, 2011 08:13
IMF warns that world risks sliding into a 1930s-style slump
“This is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.”
December 9, 2011 10:34
Decade-Long European Recession Coming
When there are more losses, and there will be, the only way to guarantee banks do not take them, is to have someone else take them, namely taxpayers. By Mike “Mish” Shedlock at Mish’s Global Economic Trend Analysis If French president Nicolas Sarkozy gets his wish to “Level the Playing Field” on sovereign bonds, a decade-long European recession is on its way. French President Nicolas Sarkozy made it clear in a speech in Toulon last week that he wanted the […]
November 28, 2011 05:50
OECD warns of European recession
For the eurozone, the OECD’s predictions are -1% this quarter, and -0.4% next. The group also revised down its forecast for global economic growth to 3.8% this year and 3.4% next year. – BBC
November 23, 2011 08:04
Soft-Landing Nonsense – Global Recession is Here
Should central banks step in, watch for gold, crude, and oil prices to rise, and little else to happen. Central banks and world governments have applied so much totally useless Keynesian and Monetarist stimulus to prevent the inevitable, there may be no landing at all (soft or hard), until a global crash.
December 31, 2010 08:19
How Government Failure Caused the Great Recession
The interaction of six government policies explains the timing, severity, and global impact of the financial crisis.
October 8, 2010 17:04
Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster
This is as close as you are ever going to see a central banker admit that his country’s financial situation is so dire that it could breakup at any time.
