Tag Archives: economic crisis

The latest economic data suggests that recession is returning to most advanced economies, with financial markets now reaching levels of stress unseen since the collapse of Lehman Brothers in 2008. The risks of an economic and financial crisis even worse than the previous one – now involving not just the private sector, but also near-insolvent sovereigns – are significant. So, what can be done to minimize the fallout of another economic contraction and prevent a deeper depression and financial meltdown? [Below I recommend 8 ways that would do just that.] Words: 1641

The head of the International Monetary Fund, Christine Largarde, said Friday the world economy is entering a “dangerous new phase.” Lagarde is referring to a debt bubble, the likes of which the planet has never seen before, and the possibility that it could all unravel at any moment. Uncertainty over the debt crisis in Europe is what caused the Dow to crash more than 300 points at the end of last week. What is Lagarde going to do about the debt problem? Words: 1752

This summer will confirm that the US Federal Reserve has lost its bet: the U.S. economy has, in fact, never left the "Very Great Depression" which it entered in 2008 despite the trillions of dollars injected... Unable to launch a QE3, the Fed will helplessly watch interest rates rise, US government deficit costs explode, the world dive into an intensified economic recession, stock exchanges collapse and the U.S. dollar show erratic behavior before suddenly losing 30% of its value. Words: 1157

I have great confidence in mankind’s ability to ultimately overcome even the most extreme of crisis but at this juncture, however, America has yet to begin that arduous process. We live an unrealistic lifestyle on borrowed money and borrowed time. [As such, we are on the brink of] a looming crisis with the power to crush the U.S. economy. Unless Washington makes a 180-degree turn, we face a catastrophe that could end our way of life as we know it. Words: 870

The global economy is in crisis... it is unstable and unsustainable... and a catastrophic economic breakdown may be unavoidable. Government intervention on a multi-trillion dollar scale is the only thing preventing a worldwide collapse into a new great depression. [Let me explain.] Words: 1177