Category: Credit Crisis 2009
The analysis published under this category are as follows.Sunday, January 11, 2009
Antole Kaletsky's Economic Crisis Solution to Tax the Savers into Spending / Economics / Credit Crisis 2009
Dangerous Times - Be careful what you read when Antole Kaletsky is writing. Welcome to the Weekly Report. I have been reading the mainstream media of late to get a feel for the level of understanding writers (and therefore the vast majority of their readers) have for the new economic situation that faces the global economy.Read full article... Read full article...
Saturday, January 10, 2009
Financial Doomsday for All Asset Classes / Stock-Markets / Credit Crisis 2009
Employment situation… grim. Nonfarm payroll employment declined sharply in December, and the unemployment rate rose from 6.8 to 7.2 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment fell by 524,000 over the month and by 1.9 million over the last 4 months of 2008. In December, job losses were large and widespread across most major industry sectors.Read full article... Read full article...
Friday, January 09, 2009
2009 Money Printing Risks Igniting Hyper-inflationary Spiral / Economics / Credit Crisis 2009
2009 has certainly started off with a bang. While the financial markets have been rather quiet, underlying economic fundamentals continue to deteriorate. Unfortunately, the rubber-stamped response to this deterioration has been nothing short of more of the same. More debt, more deficit spending, and more subterfuge to insist that it just isn’t so. The monetary stops have been pulled as the Federal government has gone public with its intentions. The biggest problem with this is that what we’re hearing now is what was going on six months ago. The idea of persistent trillion dollar deficits has been firmly planted with absolutely no mention of an exit strategy or how the Congress is planning on paying back these exorbitant amounts of borrowing.Read full article... Read full article...