Despite the hammering from a late spring storm that blanketed much of the Mid-West and East Coast with 4 to 8 inches of snow, the National Oceanic and Atmospheric Administration [official name of the weatherman] just predicted that the 2nd worst drought since the Great Depression will continue to lay waste to wheat and corn…
Tag Archive for Great Depression
Contributors- Economic and Financial, Must Read
When Zero Rates Don’t Work
by Frederick Sheehan • • 0 Comments
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and “The Coming Collapse of the Municipal Bond Market” (Aucontrarian.com, 2009…
Must Read
Parallels between 1930s Europe and today are stark, striking, and increasingly frightening. | VOX
by Newswires • • 0 Comments
New preface to Charles Kindleberger, The World in Depression 1929-1939 J. Bradford DeLong Barry Eichengreen 12 June 2012 Charles Kindleberger’s classic book on the Great Depression was originally published 40 years ago. In the preface to a new edition, two leading economists argue that the lessons are as relevant as ever. The parallels between Europe in…
European Crisis
Spooky parallels between Great Depression and euro crisis – Telegraph
by Newswires • • 0 Comments
By Roger Bootle Recent signs of global economic weakness have caused me to muse on the comparison between the world economy now and during the 1930s. The similarities are spooky… Contrary to the folk memory of a disastrous decade, in the 1930s the UK did relatively well… In the popular imagination, the slump of the 1930s…
Latest Business Headlines
Nobel Winner Stiglitz Sees More Recession Odds in Romney – Bloomberg
by Newswires • • 0 Comments
Nobel Prize-winning economist Joseph Stiglitz said the election of Mitt Romney as president in November would “significantly” raise the odds of a recession because it would herald a shift to a much tighter budget. History shows that the adoption of fiscal austerity when an economy is weak can have disastrous consequences, as happened in the…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Peak Housing, Peak Fraud, Peak Suburbia and Peak Property Taxes
by Charles Hugh Smith • • 0 Comments
Peak Housing reflects not just a credit bubble but Peak Fraud and Peak Suburbia.
Once again pundits are claiming that housing is “finally recovering.” But they’re overlooking three peaks: Peak Housing, Peak Financial Fraud, and Peak Suburbia, all…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, Apple, and Beard Updates: Why I’m Not in the Same Camp as Most Wavers Right Now
by Pretzel Logic • • 0 Comments
Beard Update
Ever since this article, where I discussed my ground-breaking decision to venture into the beard-bearing biosphere of Ben Bernanke (by not shaving), I have received e-mails from anxious readers demanding beard updates …
Bears Chat, Best of the Forums, Must Read
Forget inflation: Is deflation the real threat?
by Bears Chat at The Wall Street Examiner • • 0 Comments
Forget inflation: Is deflation the real threat?
By John Waggoner, USA TODAY
Updated 17h 35m ago Comments
But a growing number of economists and money managers are starting to worry about the opposite of inflation: deflation, a period of falling price…
Charles Hugh Smith
Why Bernanke has Failed, and Will Continue to Fail
by Charles Hugh Smith • • 0 Comments
Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
Bears Chat, Best of the Forums, Must Read
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
by Bears Chat at The Wall Street Examiner • • 0 Comments
Michael Shermer.
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
Posted: 1/5/12 12:03 AM ET
With the first week of 2012 upon us it is time to reflect on that favorite pastime of soothsayers and scientists alike: predicting the…
