Posted on March 5, 2010 by MoneyBob
U.S. Growth Outlook: Still Anemic and U-Shaped but Risks of a Double-Dip Recession Are Rising
by Nouriel Roubini
A slew of poor economic data over the past two weeks suggests that the U.S. economy in 2010 is headed for – at best – a U-shaped recovery. The macro news, including data on consumer confidence, home sales, construction [...]
Filed under: Deflation, Dooms Day, Economy, Nouriel Roubini, Retirement, Stagflation, Thoughts, Work, economics | Tagged: Deflation, double dip, economics, Economy, L shaped, Nouriel Roubini, recovery, rge, u-shaped | Leave a Comment »
Posted on January 4, 2010 by MoneyBob
That 1937 Feeling
By PAUL KRUGMAN
Published: January 3, 2010
Here’s what’s coming in economic news: The next employment report could show the economy adding jobs for the first time in two years. The next G.D.P. report is likely to show solid growth in late 2009. There will be lots of bullish commentary — and the calls we’re [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Dooms Day, Economy, GDP, Inflation, Investing, Life, Market History, Middle Class, Paul Krugman, Retirement, Risk in Portfolio, Saving, Stagflation, Stock Market, Taxes, The Fed, Thoughts, Unemployment Rate, economics | Tagged: Depression, economics, economist, Economy, Inflation, Lost Decade, Paul Krugman | Leave a Comment »
Posted on November 26, 2009 by MoneyBob
WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.
But that happy situation, aided by ultralow interest rates, may not last much longer.
Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that [...]
Filed under: Bill Gross, PIMCO | Tagged: Bill Gross, Credit Crunch, Debt, Defcit, Deflation, Depression, Dollar, economics, Economy, Gold, Life, NY, NY Times, PIMCO, Stock Market, Thoughts, Work | Leave a Comment »
Posted on November 25, 2009 by MoneyBob
“It’s dangerous to be short this market,” says Peter Boockvar, equity strategist at Miller Tabak.Despite a penchant for bearishness, Boockvar says the rally can continue as long as the Fed keeps rates at zero.”When you cut rates to nothing you’re encouraging people to take risk,” Boockvar says. “As long as asset inflation is [the Fed's] [...]
Filed under: Economy, Investing, Middle Class, Peter Boockvar, economics | Tagged: Economy, Peter Boockvar, prosperity, wealth | 1 Comment »
Posted on November 25, 2009 by MoneyBob
Disappointing reports this week on housing starts and foreclosures, as well as the index of leading economic indicators, have cast a bit of a pall on the “robust recovery” story, putting a crimp in the stock market’s ascent in the process.University of Texas professor James Galbraith was never a believer in the V-shaped recovery and [...]
Filed under: Credit Crunch, Economy, economics | Tagged: economics, Economy, Future, James Galbraith, Jobs, Recession | Leave a Comment »
Posted on October 26, 2009 by MoneyBob
The Dollar Index hit yet another 14-month low early Monday after a Chinese central bank official urged the PRC to diversify its reserves into more euro and yen. A stronger-than-expected GDP report in South Korea also put pressure on the greenback as traders expect other central banks to follow Australia’s lead and raise rates while [...]
Filed under: Inflation, MoneyBob Postings, US Dollar | Tagged: currency, currency trading, Dollar, economics, Economy, US Dollar | Leave a Comment »
Posted on October 25, 2009 by MoneyBob
The economic recovery currently underway is a statistical mirage, based on easy year-over-year comparisons and inventory rebuilding, John Mauldin, president of Millennium Wave Securities, tells Henry in the accompanying video.The unemployment rate is closer to 12% when you include people who’ve been dropped from the survey and the “underemployment” rate – people working part-time vs. [...]
Filed under: Aaron Task, MoneyBob Postings, Taxes | Tagged: economics, Economy, John Mauldin | Leave a Comment »
Posted on October 25, 2009 by MoneyBob
Now that the worst of the recession is over, Americans are waking up to the fact that we’re borrowing nearly $1.5 trillion per year. Instinctively, this worries us.But why?What’s really so bad about piling on debt in excess of 10% of GDP every year?Japan has been borrowing through the nose for years, and Japan, well… [...]
Filed under: MoneyBob Postings | Tagged: Debt, economics, Economy, John Mauldin | Leave a Comment »
Posted on October 19, 2009 by MoneyBob
Stephen Roach: “The market is in for a rude awakening,” said the chairman of Morgan Stanley Asia, whose grim outlook seems to remain constant wherever he’s domiciled. “This will be an usually weak recovery,” Roach said. “The damage done to the system [will be] lasting – we are not even close to healing. It’s [...]
Filed under: Credit Crunch, Deflation, Depression, Dooms Day, Economy, Stagflation, Stephen Roach, Thoughts, economics | Tagged: Deflation, Depression, Economy, finance, Inflation, Investing, Recession, Stephen Roach | 1 Comment »
Posted on October 18, 2009 by MoneyBob
Peter Boockvar, equity strategist at Miller Tabak, points out a lot has changed since the Dow first broke the magical 10,000 barrier in March of 1999. While most other assets have gained value, the Dow is stuck in the mud. Worse yet, we’re not even close to break even if you factor in the fact [...]
Filed under: Economy, Inflation, Investing, Peter Boockvar, Saving, Thoughts, Work, economics | Tagged: 000, Dow, Dow 10, Dow Jones, Economy, Investing, Lost Decade, Miller Tabek, Peter Boockvar | Leave a Comment »
