Tuesday , 24 December 2024

Economic Overviews

Upcoming Market Decline Will Be Worse Than Last Time – Here's Why

Bernanke has massively increased the monetary response in an attempt to halt the secular bear, and we know how the last attempt to control the market turned out - we got the second worst recession since the Great Depression and the second worst bear market in history. I fully expect the next leg down in the secular bear to be even worse that the last one - not only in the stock market, but also in the economy. Words: 525

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Let's Get Real: The U.S. is Bankrupt and the Consequences Will Be Dire!

Let's get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is radically simplify its tax, health-care, retirement, and financial systems, each of which is a complete mess... otherwise we are going to see dramatic increases in taxes, interest rates and consumer prices [with a resultant major decrease in our standard of living] and a dramatic increase in [the number of Americans living in abject] poverty. Words: 835

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Will We See Further Quantitative Easing?

[Given the Fed's most recent] statement at the end of their meeting last week in which they said: "The Committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate" (Translation: 'inflation may be getting too low, but don't worry, we are on the job') it seems to be setting us up for another round of quantitative easing. Words: 1147

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Those With Debts Will Go Broke in Coming Deflationary Depression – Here’s Why (+2K Views)

We have had massive monetary creation for decades now which we have finally come to the day of reckoning. We do not know if the top will be next month, next year or even later but we certainly are getting to the top where we cannot buy our way out of the problem through a new stimulus injection... The truth is that a terrible, deflationary depression is probably starting in the coming months. Words: 1581

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Robert Reich: This Economic 'Recovery' is Nothing But a Mirage

What happens when the stimulus is over and the Fed begins to tighten again? Where will demand come from to get Main Street back, create jobs, raise middle class wages? Not from big businesses. Certainly not from Wall Street. Not from exports. Not from government. So, where? That question is the big unknown hanging over the U.S. economy. Until there’s an answer, an economic “recovery” for anyone other than big corporations, Wall Street, and the wealthy is a mirage. Words: 1279

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Prechter: Technical Indicators Point Down from Here

In his April 2010 issue of the Elliott Wave Theorist Prechter predicted that these same eight indicators would switch from bullish to bearish by May 7th. Considering the events on May 6th and 7th he is once again sounding prophetic. This is extremely important as the media would have you believe that the events of May 6th were the result of a "fat finger". Words: 1154

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