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What Does "Deleveraging" Really Mean? Cutting $25 Trillion Of Debt
clusterstock.com - 10/30/2008
What Does "Deleveraging" Really Mean? Cutting $25 Trillion Of Debt
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Everyone has now gotten used to the idea that we're "deleveraging." But what do we think that means? We think it means that banks, consumers, companies, and the government have to cut down their debt a bit. Actually, more than a bit. Unless it's different this time, banks, consumers, companies, ...
Some Additional Observations on the 2008Q3 Advance GDP Release
econbrowser.com - 10/31/2008
Some Additional Observations on the 2008Q3 Advance GDP Release
— econbrowser.com — If you went no further than noticing that the q/q annualized growth rate of -0.3% was faster... than the -0.5 in the Bloomberg consensus, you might have taken this as good news. I'm not going to say it wasn't good news (relatively speaking), although ... (more) Some Additional Observations on the 2008Q3 Advance GDP ...

Comments vote down naked capitalism found this 10/31/2008found this
econospeak.blogspot.com - 10/31/2008
Holtz-Eakin on the Latest GDP News Release
— econospeak.blogspot.com — BEA released its advance estimate of how real GDP fared during the third quarter of 2008 and... it would seem real GDP fell a bit: The decrease in real GDP in the third quarter primarily reflected negative contributions from personal consumption ... (more) Holtz-Eakin on the Latest GDP News Release

Comments vote down Economist's View found this 10/31/2008found this
globaleconomicanalysis.blogspot.com - 10/31/2008
GDP Negative as Consumer Spending Falls 3.1%
— globaleconomicanalysis.blogspot.com — The US economy is sinking fast. We did no need to see the GDP numbers to know... that but the figures are out. Here are the Third Quarter 2008 Advance GDP Numbers . Real gross domestic product -- the output of goods and services produced by labor and ... (more) GDP Negative as Consumer Spending Falls 3.1%

Comments vote down EconomPic found this 10/31/2008found this

Blog Reactions

FT Alphaville:  Further reading

Decline and Fall of Western Civilization:  the most important chart in the world

The Aleph Blog:  The Biggest, Baddest Bubble of Them All

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Blog Reactions

Further reading
FT Alphaville — Elsewhere on Thursday, - “At this rate the world’s financial architecture will have been remade before Nov. 15th.” - At yesterday’s rate the Dow would’ve reached zero in 230 minutes. - What deleveraging really means. - Ok, enough with the deleveraging . - Lebanon , “the banks here are used to turmoil.” - A commercial paper primer. - The USD: “There is an element of bizarro world safety here.” - And why the dollar isn’t in a bubble . - Creating a post-peak oil future worth living into. - “I was rocked to my ...

the most important chart in the world
Decline and Fall of Western Civilization — the 2q2008 update of the ned davis research chart that i've previously cited as marc faber's chart 10 and an attachment to frank veneroso's analysis has been circulating -- most notably as an attachment to hayman advisors recent letter. via clusterstock: if this gets going -- and it does appear that's the likelihood -- what we have in front of us is unimaginable. deflation continues to be very probable from here. if you needed confirmation in spite of crashing prices in assets ranging from houses to financial instruments to ...

The Biggest, Baddest Bubble of Them All
The Aleph Blog — ... in American culture? I don’t have any read on that now, but then, when it happens, it is often fast. Position: none Our biggest bubble, which is still inflating, are the debts of the US Government, both explicit and those not accrued for.  We are going to have a difficult time borrowing in the present for all of these new bailout/stimulus/pork programs.  Our debts are getting deeper, not shallower. Consider this graph from this article at Clusterstock: We may have a slight ...

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Central Asia and the financial crisis: After the boom — The Economist: Full print edition 10/30/2008
Wondering if the good times are over FOR almost a decade, oil-rich Kazakhstan has been the economic engine of Central Asia. Since 2000 its GDP has grown by an annual average of around 10%. But now the global financial crisis is taking its toll and ...