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Tag Archives: Recession
Recessions are on the Margin
The US economy grew at 1.9% for the last decade, the slowest since the 1930s. Given that government spending is going to go down (at least I hope so), unemployment is going to take some time to get under control; and with the whole developed world in a mess, it is hard to see an economic environment where we can average 3.5% a year for this decade. It is going to be another Muddle Through decade. Unless you are on the margin. Continue reading
Posted in Fresh Perspectives, Home Economics
Tagged GDP, Muddle Through, Recession, Unemployment
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Was it just a fake recovery?
He argues that, effectively, the American middle class is gone. We’ve transitioned from a workforce with a manufacturing middle class to a workforce of Wal-Mart checkers. The bailouts, sold to us as help for the middle class, have only served to make the rich richer and the poor poorer. Continue reading
WSJ Interview with David Rosenberg
I prefer to read and listen to the bloggers, economists, and investment strategists who have actually been right about the housing boom and bust. One of them is Gluskin Sheff’s David Rosenberg. He is smart, likable, and been proven right about how this global debt-deleveraging cycle is playing out. In short, when he talks, I recommend listening. Continue reading
Seven Economic Headwinds
Even as the stock market rises on news both good and bad, seven trends offer strong headwinds to real growth in the U.S. economy. Continue reading
Our Recovery Is Having A Timeout
I’m slightly shocked here… Greenspan, who’s probably more to blame for the housing bubble than anyone else, is probably the last person I would have expected to come out and talk about the “recovery” only helping the super rich and huge financial institutions. Continue reading
Posted in Banking and Finance, Economic News, Financial News, Fresh Perspectives, Home Economics
Tagged Alan Greenspan, GDP, Home Prices, Recession, Recovery
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