Posted on July 1, 2010 by MoneyBob
Howard Davidowitz is a bear on America. If you’ve watched any of the recent clips, you know he’s negative on stocks, the economy and the political system. (If you haven’t seen them, check the links below.)Much of Davidowitz’s frustrations stem from the bailout of our financial system. “If a bank is bad, you let it [...]
Filed under: Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Elizabeth Warren, FDIC, Foreclosure, Housing, Howard Davidowitz, MoneyBob Postings, economics | Tagged: Recession, Economy, economics, Banks, Depression, Obama, Howard Davidowitz, Bailouts, bad banks, citibank, citi | Leave a Comment »
Posted on July 1, 2010 by MoneyBob
The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip. Davidowitz lays much of the blame for the economy’s woes at the feet of the Obama administration, which he calls “the worst [...]
Filed under: Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Foreclosure, Howard Davidowitz, Life, Obama, Personal, Retirement, Robert Prechter, Robert Shiller, Stagflation, Unemployment Rate, Work, economics | Tagged: Recession, Economy, economics, Deflation, Depression, Obama, Howard Davidowitz, Barrack Obama, Unemployment | Leave a Comment »
Posted on June 28, 2010 by MoneyBob
For the last several months, Princeton professor Paul Krugman has become increasingly agitated about what he feels is a disastrous mistake in the making — a sudden global obsession with “austerity” that will lead to spending cuts in many nations in Europe and, possibly, the United States.Krugman believes that this is exactly the same mistake [...]
Filed under: Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Dooms Day, Economy, Gold, MoneyBob Postings, Paul Krugman, Stagflation, US Dollar, economics | Tagged: Depression, double dip, economics, Housing, Money, Paul Krugman, Recession, save, Savings | Leave a Comment »
Posted on June 28, 2010 by MoneyBob
Monday’s weak consumer spending data is the latest in a string of reports that has many Americans worried about a “double-dip” recession.Then again, considering the unemployment rate has remained elevated, many Americans would be forgiven for thinking the recession that began in December 2007 still hasn’t ended. Notably, that’s the view of the National Bureau [...]
Filed under: Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Dooms Day, Economy, MoneyBob Postings, economics | Tagged: Depression, double dip, economics, Economy, Recession | Leave a Comment »
Posted on June 20, 2010 by MoneyBob
Double-Dip Recession The economy still hasn’t escaped the possibility of a double-dip recession, says Yale economist Robert Shiller, who predicted the housing bust. “We just went through a Great Depression scare,” he told Bloomberg. “The Fed and the government took on extraordinary measures to prevent that,” he said. “But I think our confidence is still [...]
Filed under: Deflation, Depression, Dooms Day, Economy, Robert Shiller, Saving, Stagflation, economics | Tagged: Deflation, double dip, Double Dip Recession, Recession, Robert Shiller | 1 Comment »
Posted on June 20, 2010 by MoneyBob
Slow Growth – Double Dip Recession may be coming – Odds are over 50% – We are in the process of De-Leveraging our Debt and this trend will continue for years. If it happened all at once, we really would have a depression! Unemployment rate will rise 1% per year for the next few years [...]
Filed under: Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Economy, MoneyBob Postings, economics | Tagged: consumer confidence, Debt, Depression, double dip, Double Dip Recession, Money, Recession | Leave a Comment »
Posted on June 17, 2010 by MoneyBob
A year ago, house prices finally stopped collapsing after two years of brutal declines. Over the following few quarters, moreover, they actually rose. This led many observers to conclude that the housing bottom had been reached and that we were headed for a v-shaped bounce.Not Gary Shilling.Gary Shilling, head of economic research firm A. Gary [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Dooms Day, Economy, Foreclosure, Gary Shilling, Housing, MoneyBob Postings, economics | Tagged: Recession, Deflation, housing bubble, Depression, Gary Shilling, Housing, double dip, Double Dip Recession, housing market | Leave a Comment »
Posted on June 16, 2010 by MoneyBob
From April 26 through June 7, the Dow fell 12.4% and the S&P dropped 13.7%, The Wall Street Journal reports, in a rapid-fire decline that scared many investors out of the market.So, of course, stocks rallied at the end of last week and are starting Monday off with gains as the euro is rallying after [...]
Filed under: MoneyBob Postings | Tagged: George Soros, Recession | Leave a Comment »
Posted on June 7, 2010 by MoneyBob
As the rest of the world works itself into a panic over debt and deficits, Princeton professor and New York Times columnist Paul Krugman continues to argue that acting on this fear will quickly make things far worse:What’s the greatest threat to our still-fragile economic recovery? Dangers abound, of course. But what I currently find [...]
Filed under: MoneyBob Postings | Tagged: Depression, Paul Krugman, Recession | Leave a Comment »
Posted on May 25, 2010 by MoneyBob
MoneyBob NEW YORK (AP) — The Dow Jones industrials plunged below 10,000 Tuesday after traders dumped stocks on worries about the global economy and tensions between North and South Korea. The Dow fell about 190 points in late morning trading. It has fallen 1,346 points, or more than 12 percent, from its recent high of [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Dooms Day, Economy, Gold, Investing, MoneyBob Postings, Robert Prechter, Stagflation, Stock Market, Treasury Bills, economics | Tagged: Deflation, Depression, Recession, Robert Prechter | Leave a Comment »
