nytimes.com - 1/5/2009
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Let’s not mince words: This looks an awful lot like the beginning of a second Great Depression. Will we “act swiftly and boldly” enough to stop that from happening? >
blogs.ft.com - 12/30/2008
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blogs.ft.com —
By Roger E.A Farmer The US recession that
began in December 2007 resulted in 403,000 lost jobs
in September, 320,000 in October and 533,000 jobs in November. Projections for 2009 are ominous.
(more)
How to prevent the Great Depression of 2009
krugman.blogs.nytimes.com - 1/2/2009
fistfulofeuros.net - 1/3/2009
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fistfulofeuros.net —
And lands in China. Well China isn’t quite
in the Great Depression yet, but manufacturing activity -
which accounts for 43% of the Chinese economy - is already in a technical recession, and phew, it wasn’t very long ago that the ...
(more)
The Second Great Depression Wends Its Way Forward in ...
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US economy needs big stimulus but can it afford one?
The Skeptical Speculator —
... after taking the historic step of cutting the benchmark interest rate to as low as zero, are calling for greater government spending to help revive the U.S. economy. San Francisco Fed President Janet Yellen said yesterday at an economics conference in San Francisco that “it’s worth pulling out all the stops” with an economic recovery package. Charles Evans, president of the Chicago Fed, told the same gathering he believes a “big stimulus is appropriate.” Paul Krugman also wants government action. “If we don’t act swiftly and boldly,” ...
Monday morning links
The Mess That Greenspan Made —
... point to explosive rise in gold price - Mineweb Abu Dhabi gold jewellery sales fall 40 pc in Dec - Economic Times CGM’s Heebner, Fidelity’s Lange Falter as Markets Claim Victims - Bloomberg 10 resolutions for retirement - MSN Money Portfolio Rebalancing - Don't Ignore Duration - Hussman ECONOMY Obama seeks $310 billion in tax cuts - Reuters Can the US economy afford a Keynesian stimulus? - Financial Times Fighting Off Depression - NY Times Where is the economy headed in 2009? ...
Financial Reform: Not happening but the need is clear
naked capitalism —
... that recovery has arrived. I am no economist, but these guys make sense. I believe them. That’s why I am loath to even mention financial sector reform – presently being demonized by my 2010 rival as big government.
Earlier this year as things were falling apart, I had decided to inform myself. I read a number of well-respected financial blogs – some of which predicted imminent economic collapse if our big banks were not nationalized. These bloggers claimed that a depression was upon us and drastic government intervention was necessary – and, again, I ...
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austrianeconomists.typepad.com 1/20/2009 — In what was either blind luck or remarkable foresight, over a year ago, I agreed to teach a senior seminar this spring, and I decided to do it on the Great Depression. With the events of the last few months, that has turned out to be a very timely ...
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nakedcapitalism.com 4/7/2009 — Barry Eichengreen, an expert on the Great Depression, and Kevin O'Rourke, take issue with the notion that the current downturn is less severe than the Great Depression. While the slump in the US is not as bad, that mis-states the global picture. ...
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