Submit a Story!
Votes
topics:

vote down flag
U.S. Bailouts Add to Risk of Depression, Rogers Says (Update2)
bloomberg.com - 3/17/2009
U.S. Bailouts Add to Risk of Depression, Rogers Says (Update2)
—
March 17 (Bloomberg) -- The U.S. risks sending the world into a depression as its bailouts of failed companies rob healthy businesses of capital, investor Jim Rogers said. “The U.S. is taking assets from competent people and giving them to incompetent people,” said Rogers, chairman of ...
economicsofcontempt.blogspot.com - 3/16/2009
All Bailouts Are Counterparty Bailouts
— economicsofcontempt.blogspot.com — I'm a structured finance lawyer with a background in economics and, unfortunately, politics. I chose "Economics of... Contempt" as a title because a judge once told me after a trial that he would have held a particularly, um, "outspoken" client of mine ... (more) All Bailouts Are Counterparty Bailouts

Comments vote down The Big Picture found this 3/16/2009found this
paul.kedrosky.com - 3/18/2009
Call Off Depression 2.0
— paul.kedrosky.com — Pace my earlier post about an uptick in short-term economic data, here is a piece from Reuters... late today. I am still of the view that we have the current rally, potentially to considerably higher levels on relief and better short-term U.S. data, and ... (more) Call Off Depression 2.0

Comments vote down CARPE DIEM found this 3/18/2009found this

Blog Reactions

Rolfe Winkler:  Jim Rogers: Bailouts Increase Depression Risk

BloggingStocks:  Inaction and a financial crisis don't mix

Comments
Blog Reactions

Jim Rogers: Bailouts Increase Depression Risk
Rolfe Winkler — This post’s title comes from an interview Rogers did with Bloomberg, published today.  Below is a recent interview in which Rogers makes the OA argument that more debt will only compound our economic troubles… The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption….That defies logic.

Inaction and a financial crisis don't mix
BloggingStocks — Filed under: Forecasts, Ford Motor (F), Citigroup Inc. (C), Bank of America (BAC), Federal Natl Mtge (FNM), Amer Intl Group (AIG), Politics, Recession, Financial CrisisInvestor Jim Rogers, noted for his expertise in commodities, is someone Wall Street professionals, business executives, and economists alike pay close attention to, as he's frequently been ahead-of-the-curve regarding market and investment trends. Still, that's not to say that Rogers sometimes can't overdo it a bit and/or does not get it wrong. A recent chat Rogers had with Bloomberg News is an ...

Related Content
N/A
foreignpolicy.com 3/30/2009 — I n the Great Depression, as in the current economic crisis, the downturn was particularly severe because of a lack of leadership in the international order. The dominant financial power of the 19th century, Britain, was financially exhausted by the ...
AIG: The Mother of All Bailouts
blogs.abcnews.com 3/9/2009 — ABC News’ Betsy Stark reports: Before this is over, AIG may earn the dubious distinction of being the mother of all bailouts. The U.S. taxpayer was on the hook for $150 billion before today's $30 billion lifeline from the Troubled...
The Not-So-Great Depression
online.barrons.com 2/28/2009 — THE GREAT DEPRESSION. THOSE CHILLING WORDS HAVE BECOME something of a staple of economic utterance these days, enjoying promiscuous use by both those dour souls who cry out that the end of the world is nigh and those determinedly smiley types eager to ...
Economic View: Can Talk of a Depression Lead to One?
nytimes.com 2/22/2009 — By comparing the current economic situation to the Depression, we risk it affecting our expectations. >
World Economy Falling Faster Than in 1929-1930
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.  ...
Paul Krugman: Fighting Off Depression
economistsview.typepad.com 1/5/2009 — Will Congress do what's needed to stop the economy's downward spiral? (Related: Obama Plan Includes $300 Billion in Tax Cuts "to win over Congressional skeptics worried that he was too focused on government spending." Guess who the ...
Hoover did it!
gregmankiw.blogspot.com 4/4/2009 — ULCA economist Lee Ohanian sends me a paper called "What - or Who - Started the Great Depression?" with the following conclusion: The defining characteristic of the Great Depression is a substantial and chronic excess supply of labor, with ...
"From Bubble to Depression?"
economistsview.typepad.com 4/6/2009 — Steven Gjerstad and Vernon L. Smith argue that the "events of the past 10 years have an eerie similarity to the period leading up to the Great Depression." More specifically, their argument is that contrary to the usual explanation that ...
U.S. Is Pressed to Add Billions to Bailouts
nytimes.com 2/24/2009 — This article is by Edmund L. Andrews , Andrew Ross Sorkin and Mary Williams Walsh . The government faced mounting pressure on Monday to put billions more in some of the nation’s biggest banks, two of the biggest automakers and the biggest insurance ...
Not the Great Depression 2.0
dmarron.com 5/29/2009 — UPDATE: Please see two related posts: “The Long U” and “A Plane Crash Averted?” The Great Depression was an unspeakably bad time for the U.S. economy. I know that sounds obvious, but it seems necessary to say given all ...