http://www.freerepublic.com/tag/crisis/ en-us Thu, 24 Dec 2009 21:09:22 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-bloggers/2414670/posts It was total vomitorium overload in 2009, you know that first “historic” year of the Obama presidency. And little is as annoying as these common phrases and themes that populate the Obama presidency. So, with that first year filed away neatly in the toilet, let’s say goodbye in 2010 to the worst of 2009... Political Lore Blog http://www.freerepublic.com/focus/f-bloggers/2414670/posts#comment Thu, 24 Dec 2009 21:09:22 GMT http://www.freerepublic.com/focus/f-news/2411280/posts Bankruptcy And Fiscal Collapse,Global Economic Crisis Tipping Point Forecast For Spring 2010 Economics / Global Debt Crisis Dec 19, 2009 - 07:04 AM By: Global_Research LEAP/E2020 believes that the global systemic crisis will experience a new tipping point from Spring 2010. Indeed, at that time, the public finances of the major Western countries are going to become unmanageable, as it will simultaneously become clear that new support measures for the economy are needed because of the failure of the various stimuli in 2009 (1), and that the size of budget deficits preclude any significant new expenditures. If this public deficit... The Market Oracle http://www.freerepublic.com/focus/f-news/2411280/posts#comment Sat, 19 Dec 2009 19:47:31 GMT http://www.freerepublic.com/focus/f-news/2408122/posts Sometimes, a bailout is not enough. When Dubai World black swanned global investors last month with what amounts to be a reported $80 Billion in debt liabilities, it sent shivers down the spine of many a financial manager and stock trader. For those who were paying attention, Dubai’s troubled assets were no surprise, it was simply a matter of time. Oft repeated by contrarian analysts and investors like Dr. Doom Marc Faber, Gerald Celente, Jim Rogers, and Karl Denninger, the mathematical certainty of the economic crisis would play out - eventually. It was a year ago that the entire global... Zero Hedge http://www.freerepublic.com/focus/f-news/2408122/posts#comment Tue, 15 Dec 2009 19:37:55 GMT http://www.freerepublic.com/focus/f-news/2407355/posts Look out below! The US housing market could be looking at a second steep decline in 2010 after statistics released last week show how poorly the Obama administration's mortgage modification plan is working. The millions of families hoping for a permanent mortgage modification may never get one -- and with their homes worth less than they owe on their loans, they may decide to walk away from the home voluntarily or be foreclosed upon as their trial modifications expire. The snail's pace of permanent mortgage modifications -- just 31,382 out of 3.3 million eligible loans have been cut -- could... NY Post http://www.freerepublic.com/focus/f-news/2407355/posts#comment Mon, 14 Dec 2009 19:36:36 GMT http://www.freerepublic.com/focus/f-news/2397925/posts Fresh fears about the size of Dubai’s debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country’s largest conglomerate, wants to suspend payment on its sixty billion dollar debt until next May at the earliest. Seeking Alpha http://www.freerepublic.com/focus/f-news/2397925/posts#comment Tue, 1 Dec 2009 21:46:43 GMT http://www.freerepublic.com/focus/f-news/2394395/posts Another Crisis Looms Right Around The Corner by: The Housing Time Bomb November 24, 2009 Folks, I consider this to be one of my most important posts. I am going to offer a warning and some advice. I am extremely concerned about the things that I am seeing in the markets. The US dollar carry trade, soaring gold, and the apparent imminent passing of health care reform are the last straws that are going to eventually break this market's back. As a result, I have tweaked my investment strategy. I will explain my concerns in further detail later on in... Seeking Alpha http://www.freerepublic.com/focus/f-news/2394395/posts#comment Wed, 25 Nov 2009 18:40:44 GMT http://www.freerepublic.com/focus/f-news/2394041/posts Obama upbeat on climate, report shows worse crisis(AFP) – 16 hours ago WASHINGTON — US President Barack Obama sought Tuesday to boost hopes of a landmark deal at the Copenhagen climate summit, as a new report showed the crisis facing the planet is deeper than previously thought. Obama said the world was "one step closer to a successful outcome in Copenhagen," as he hosted key developing nation India at the White House a week after returning from top global polluter China. "It's also essential that all countries do what is necessary to reach a strong operational agreement that will confront... Google http://www.freerepublic.com/focus/f-news/2394041/posts#comment Wed, 25 Nov 2009 06:05:48 GMT http://www.freerepublic.com/focus/f-news/2389272/posts If you already took advantage of the government’s tax credit for first-time homebuyers—or are planning to do it anytime soon—you’ll probably agree with this prediction: Sales of existing homes will peak in the final quarter of 2009, then begin a year-long slide, which is likely to be a sharp one, according to some estimates. Until the unemployment rate falls, the housing market won't recover. “Most of it [the tax credit] is simply shifting sales from one period to another,” says Global Insight economist Patrick Newport. “It doesn’t get rid of the fundamental problem; there's still a glut of houses.” Newport,... CNBC http://www.freerepublic.com/focus/f-news/2389272/posts#comment Wed, 18 Nov 2009 20:26:09 GMT http://www.freerepublic.com/focus/f-news/2387307/posts In the face of a record rise in joblessness, the Obama administration continues to demonstrate its callous indifference to the plight of millions of unemployed workers and their families. The official unemployment rate shot up to 10.2 percent in October, the highest level since 1983. Nearly 16 million people are jobless, an increase of 7 million since the recession began. If workers who have given up looking for work and those forced to work part-time are added, the real unemployment rate is 17.5 percent—or more than one out of every six workers in the US—the highest rate since the Great... World Socialist Web Site http://www.freerepublic.com/focus/f-news/2387307/posts#comment Mon, 16 Nov 2009 11:13:28 GMT http://www.freerepublic.com/focus/f-news/2379586/posts Politics: Despite the whipping they took in Tuesday's election, congressional Democrats are moving fast on cap-and-trade and health care. Are they politically tone-deaf, or is this some kind of desperate strategy? Our guess is that Democratic leaders, having gotten a very negative message from the off-year balloting, are moving as fast as they can to pass the main big-spending items on their unpopular agenda. If they don't act now, the know their radical agenda is dead. On Thursday, Senate Democrats hustled the cap-and-trade bill out of committee without so much as a hello-and-howdy to the Republicans — knowing full well... Investors.com http://www.freerepublic.com/focus/f-news/2379586/posts#comment Fri, 6 Nov 2009 01:05:24 GMT http://www.freerepublic.com/focus/f-news/2377361/posts Major Companies Hoarding Cash, Preparing for Second Wave of Financial Crisis By Rocky Vega 11/02/09 Stockholm, Sweden – If you’re looking for insight into how you should be responding to the “recovery” in the US economy, there’s actually a glimmer of sanity coming leading US companies. Right now major American companies are storing up more cash than at any other time within the past 40 years. According to media reports, Citigroup and JPMorgan Chase among others are saving “as if another financial crisis were on the way.” Even the vice president of equity research at Rochdale Securities Dick Bove said,... The Daily Reckoning http://www.freerepublic.com/focus/f-news/2377361/posts#comment Tue, 3 Nov 2009 14:32:03 GMT http://www.freerepublic.com/focus/f-news/2376129/posts Will The Current Economic Crisis Lead To More Retirements? Courtney C. Coile Phillip B. Levine 31 October 2009 Since the crisis began, the economy has shed millions of jobs. This column explains how stock, housing, and labour market fluctuations affect retirement decisions. While wealthier workers will delay retirement, a larger number of workers will be forced into retirement because of their inability to find new jobs. This increased involuntary retirement will likely exceed any work-seeking effect of diminished stock market wealth by 50%. Over the past year, numerous stories in the popular press have suggested that workers in the US... Vox http://www.freerepublic.com/focus/f-news/2376129/posts#comment Sun, 1 Nov 2009 23:50:59 GMT http://www.freerepublic.com/focus/f-news/2375420/posts As I walked home recently from a weekend trip to the grocery store, I passed a total of 13 vacant offices with signs saying "for lease" or "for sale." These spaces ranged from approximately 500 to 5,000 square feet according to their signs, and they are stretched along a main, commercial street in the center of Tucson, AZ. There is also an eight-screen movie theater that sits empty as well. These empty commercial spaces ... are empty now, and have been for quite some time. I found it intriguing that both in the central portion of Tucson and also in... market oracle. http://www.freerepublic.com/focus/f-news/2375420/posts#comment Sat, 31 Oct 2009 18:30:08 GMT http://www.freerepublic.com/focus/f-news/2373904/posts The Associated Press noted last week that the federal deficit reached a record $1.42 trillion for the fiscal year that ended September 30. Up until now, most of the mainstream media have either ignored the exploding deficits or declared them a good thing, since they were supposed to lift us out of the recession. But now that the full figures have come in even some Obama-friendly media stalwarts are struck by their enormity. Read the Full Article. Front Page Magazine http://www.freerepublic.com/focus/f-news/2373904/posts#comment Thu, 29 Oct 2009 18:19:05 GMT http://www.freerepublic.com/focus/f-bloggers/2370597/posts As I predicted—though I was unsure whether it would be the H1N1 virus or the collapse of the dollar—the Communist Puppet would use something to cement his total control over every aspect of our lives. From the day he took office, Obama and his puppet masters have been building a shadow Government with all power vested in them. The Czars he has appointed, who were not vetted and approved by Congress nor elected, now have the authority to control every aspect of American commerce. Canada Free Press http://www.freerepublic.com/focus/f-bloggers/2370597/posts#comment Sun, 25 Oct 2009 18:42:55 GMT http://www.freerepublic.com/focus/f-bloggers/2370269/posts “These are the times that try men’s souls,” wrote Thomas Paine in 1776. George Washington read the first of Paine’s Crisis essays to his men at Valley Forge the next winter in order to encourage them in their hardship. Our current president likes to use the term “crisis” when it gives him and our hearing-impaired Congress the chance to pass some new liberty-robbing legislation. To Mr. Obama, we have an economic crisis, a health care crisis, an environmental crisis, an educational crisis, and so on ad infinitum. His chief-of-staff and secretary of state have both gone on record saying that... The Constitutional Alamo http://www.freerepublic.com/focus/f-bloggers/2370269/posts#comment Sun, 25 Oct 2009 01:13:15 GMT http://www.freerepublic.com/focus/f-news/2370072/posts Can't post because of copyright complaint but here is the link Joyce warns of bigger GFC http://www.theage.com.au/national/joyce-warns-of-bigger-gfc-20091022-hbg6.html The Age http://www.freerepublic.com/focus/f-news/2370072/posts#comment Sat, 24 Oct 2009 18:12:39 GMT http://www.freerepublic.com/focus/f-bloggers/2367063/posts Is Obama setting up a crisis? http://www.freerepublic.com/focus/f-bloggers/2367063/posts#comment Wed, 21 Oct 2009 00:29:45 GMT http://www.freerepublic.com/focus/f-news/2363532/posts German 'Wise Men' Fear Credit Crunch In 2010 Germany's leading institutes have warned that the pace of economic recovery is "unsustainable" and that the country's banks may face a fresh crisis over the next year as bad debts surface in earnest. By Ambrose Evans-Pritchard, International Business Editor Published: 7:31PM BST 15 Oct 2009 The Wise Men said Germany's economy would contract by 5pc this year 'There is still a significant risk of further shocks to the international financial system,' said a joint report by the five 'Wise Men', a panel that advises the government. Emergency action by the European Central... The Telegraph (UK) http://www.freerepublic.com/focus/f-news/2363532/posts#comment Fri, 16 Oct 2009 00:55:11 GMT http://www.freerepublic.com/focus/f-news/2361815/posts Home rescue plan delaying, not solving crisisTue Oct 13, 2009 12:23pm EDT By Nick Carey and Al Yoon ALBANY, Ohio/WEST PALM BEACH, Florida (Reuters) - Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin. Obama, grappling with the worst U.S. housing crisis since the Great Depression, pledged to help as many as 9 million families keep their homes by reworking their mortgages. Eight months later, the plan is plagued by delays, red tape and, some critics say, a reluctance by banks to do their part. Just 17 percent of eligible... Reuters http://www.freerepublic.com/focus/f-news/2361815/posts#comment Wed, 14 Oct 2009 00:45:43 GMT http://www.freerepublic.com/focus/f-news/2345805/posts I'm a little sick today, so I'm not going to write a lot about this bill, other than to say this whole "everything is a crisis" style of governing ain't going to make it for him the next 4 years. Here's the bill (front first): For the whole series of Zero dollar bills, go here: "Flickr Archive of Zero Bills" self http://www.freerepublic.com/focus/f-news/2345805/posts#comment Tue, 22 Sep 2009 20:46:08 GMT http://www.freerepublic.com/focus/f-news/2345491/posts Throughout the history of American commercial life, one cultural trait has tended to dominate: Americans are optimists, a people prone to seeing the glass as not merely half-full but rapidly expanding, and bearing liquid that might yet be turned into gold. This exuberant optimism has proven beneficial, emboldening risk-taking that has achieved innovation and wealth. It has prompted entrepreneurs to invest borrowed money in untested ideas that sometimes yield breakthroughs. It has encouraged ordinary people to accept debt in the name of accelerated gain — more comfortable homes, higher education, late-model cars. Yet in recent times this eagerness to augment... New York Times http://www.freerepublic.com/focus/f-news/2345491/posts#comment Tue, 22 Sep 2009 14:19:13 GMT http://www.freerepublic.com/focus/f-news/2343569/posts President Obama references an economic crisis that occurred "last year" in a recent speech. Did he mean the very same money draw-down referenced by Rep Kanjorski in September of 2008? I love conspiracy theories, but has there been any congressional investigations into what really happened? On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically. Kanjorski tried to follow up here in a hearing. What did... Various embedded in post http://www.freerepublic.com/focus/f-news/2343569/posts#comment Sat, 19 Sep 2009 13:29:24 GMT http://www.freerepublic.com/focus/f-news/2110651/posts October 20, 2008 By Kyle-Anne Shiver "A People's Organization is dedicated to an eternal war...A war is not an intellectual debate, and in the war against social evils there are no rules of fair play." - Saul Alinsky; Reveille for Radicals; p. 133 Rules? What rules? Laws? What laws? Clearly, Alinsky's acolytes take him at his word. When one is fighting a war "against social evils," one is above the law. Rules and laws are for the other people. I'm stunned by the irony here. For the past eight years, Americans have been bombarded nearly nonstop by cries of "Bush... http://www.freerepublic.com/focus/f-news/2110651/posts#comment Mon, 20 Oct 2008 23:30:37 GMT http://www.freerepublic.com/focus/f-news/2337336/posts President Obama is planning a major address on Monday to mark the anniversary of the Lehman Brothers Collapse, to take credit for “taking us back from the brink.” Well, a speech seems appropriate, since next week marks another anniversary, that's the week, a year ago, that the president's political fortunes changed for the better. One year ago today, Lehman Brothers collapsed, which set off a week of financial bloodletting on Wall Street. Within a month, the Dow Jones Industrial Average dropped almost 3,000 points from 11,421.99 on September 12 to 8,451.19 on October 10. By the end of the year... Citizen5408 http://www.freerepublic.com/focus/f-news/2337336/posts#comment Fri, 11 Sep 2009 16:42:33 GMT