http://www.freerepublic.com/tag/depression/ en-us Sat, 2 Jan 2010 18:00:22 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-religion/2419581/posts During a recent talk regarding my book, “Blessed with Bipolar,” I was stumped by the question, “How does a person get to where you are now from where you were in the psych ward?” I actually have a 380 page answer to that question. What stumped me was the question behind the question: “How do I get my bipolar daughter into treatment?” Article Alley http://www.freerepublic.com/focus/f-religion/2419581/posts#comment Sat, 2 Jan 2010 18:00:22 GMT http://www.freerepublic.com/focus/f-bloggers/2418854/posts The year 2010 is likely to be the pivotal year where pundits stop referring to the recession and begin openly talking about a depression. Our economic problem is rather simple to describe: There is too much debt relative to income and/or wealth. Below is a single graph that depicts the condition of our economy. It shows total debt of the U.S. as a percentage of GDP from 1870 forward. The debt figure includes all private and public debt. It does not include liabilities associated with unfunded government mandates like Social Security and Medicare. (Note: according to the U.S. trustees of... American Thinker http://www.freerepublic.com/focus/f-bloggers/2418854/posts#comment Fri, 1 Jan 2010 07:37:11 GMT http://www.freerepublic.com/focus/f-news/2417197/posts Economic Depression, Just Not That Simple By Bill Bonner 12/29/09 Ouzilly, France We are looking back at the year almost finished, and trying to figure out what lies ahead. The surprise of 2009 was that the stock market didn’t turn down again. Stocks worldwide were cut in half. Then, they bounced. A textbook, classic bounce…Normally, you’d expect the bounce to peak out after 5 or 6 months. This one hasn’t…yet. Our guess is that it will… Of course, we could be wrong… The ‘classic’ depression…a la Japan…comes about when an economy needs to make some fundamental changes. It discovers that... The Daily Reckonong http://www.freerepublic.com/focus/f-news/2417197/posts#comment Tue, 29 Dec 2009 21:38:46 GMT http://www.freerepublic.com/focus/f-bloggers/2413729/posts BEGIN TRANSCRIPT RUSH: Now, folks, let me address this, because I got an e-mail, I mentioned it briefly at the conclusion of the previous hour. I'm not trying to dispirit anybody but I must be honest with you about how I think the Democrats are going to play this, and I have to be honest when I tell you I don't think they care about losing their majority. That's how committed to this they are, and I don't doubt for a minute that health care and health insurance will become the new third rail, just like Social Security. Every election... Rush Limbaugh Website http://www.freerepublic.com/focus/f-bloggers/2413729/posts#comment Wed, 23 Dec 2009 15:01:16 GMT http://www.freerepublic.com/focus/f-news/2413281/posts Early this year, I wrote a post “We are in depression”, which called the ongoing downturn a depression with a small ‘d.’ I was optimistic that policymakers could engineer a fake recovery predicated on stimulus and asset price reflation – and this was bullish for financial shares if not the broader stock market. But, we are witnessing temporary salves for a deeper structural problem. So my goal was to find data which disproved my original thesis. But, I came away more convinced that we are in a tenuous cyclical upturn. This post will discuss why we are in a depression,... Ritzholtz http://www.freerepublic.com/focus/f-news/2413281/posts#comment Tue, 22 Dec 2009 21:26:29 GMT http://www.freerepublic.com/focus/f-bloggers/2412022/posts Across the nation, 2010 census is gearing up to hire as many as 1.2 million temporary employees to carry out the decennial head count which is all set to begin in March. Most of the employment opportunities, some 700,000, will require workers to go knocking door-to-door for about 6 to 10 weeks from May to July, and try to find people who have failed to mail in their census questionnaires. CHICAGO STYLE BABY, GET READY! Top News http://www.freerepublic.com/focus/f-bloggers/2412022/posts#comment Mon, 21 Dec 2009 04:20:07 GMT http://www.freerepublic.com/focus/f-news/2411374/posts But this wouldn’t be Congress’s first historic mistake. The Smoot-Hawley Tariff of 1930 to “buy American” sounded like a good way to protect jobs by keeping out cheaper foreign products. Historians agree it was a mistake, setting off waves of retaliatory tariffs and making the Great Depression worse. Politico http://www.freerepublic.com/focus/f-news/2411374/posts#comment Sat, 19 Dec 2009 23:04:59 GMT http://www.freerepublic.com/focus/f-news/2407508/posts ohn Williams, who runs the popular counter government data manipulation site Shadowstats, has thrown down the gauntlet to deflationists, and in an extensive report concludes that the probability of a hyperinflationary episode in America over the next year has reached critical levels. While the debate between deflationists and (hyper)inflationists has been a long and painful one, numerous events set off in motion by the Bernanke Fed (as a direct legacy of the Greenspan multi-decade period of cheap and boundless credit) may have well cast America as the unwilling protagonist in the sequel of the failed monetary policy economic experiment better... Zero Hedge http://www.freerepublic.com/focus/f-news/2407508/posts#comment Mon, 14 Dec 2009 23:52:39 GMT http://www.freerepublic.com/focus/f-news/2407219/posts Niall Ferguson: The World Is In Denial, The Great Repression Lives On Joe WeisenthalDec. 14, 2009, 5:10 AM Niall Ferguson is in the media a lot, but this interview with Consuelo Mack (via Paul Kedrosky) is one of the best summations of he's views we've come across. Some of the points he gets across: * Governments and households are in denial about how the world has changed post-crisis. * Wall Street is in a worse state than prior to the crisis because now the government backstop is explicit, and because the remaining players now have a bigger oligopoly than before.... The Business Insider http://www.freerepublic.com/focus/f-news/2407219/posts#comment Mon, 14 Dec 2009 16:36:13 GMT http://www.freerepublic.com/focus/f-news/2406104/posts Someone has put a lot of thought into a welcome sign that may surprise you, it's in front of a homeless camp off I-25 in Colorado Springs. Its message, "Welcome to Obamaville, Colorado's fastest growing community." Despite repeated calls no one could answer the question, who put up the sign? To some homeless the sign's message says enough. Mark Limonez, a homeless man living in "tent city", says the sign doesn't make him feel good about trying to get back on his feet. "Guys are trying to work but there's not enough work out there, so they go pan handling... kjct.8.com http://www.freerepublic.com/focus/f-news/2406104/posts#comment Sat, 12 Dec 2009 16:00:21 GMT http://www.freerepublic.com/focus/f-chat/2405969/posts When Franklin Delano Roosevelt became President in 1933, he pledged a "new deal for the nation." During his famous first 100 days, he passed a flurry of legislation and created agencies to get the ball rolling. 1933 Emergency Banking Act FDR imposed a four-day bank holiday while he put together a plan to stabilize the nation's banks. He held his first radio "fireside chat" to announce the reopening of the banks, and when they did, they were stable. 1933 Federal Emergency Relief Administration (FERA) To combat the immediate results of the depression, FDR gave $500 million to the states for... Lisa's Nostalgia Cafe http://www.freerepublic.com/focus/f-chat/2405969/posts#comment Sat, 12 Dec 2009 06:19:08 GMT http://www.freerepublic.com/focus/f-news/2405776/posts Political success, as reflected in the recent gubernatorial races appears ever-more staked on the state of the economy. Official unemployment recently measured 10 percent, though the more-honest gauge (U-6) shows the nation running unemployment at a Depression-like 17.2 percent. In response to high unemployment numbers, Barack Obama has said, "I will not rest until all Americans who want to work can." Yet Mr. Obama's policies belie his words. In fact, what his administration is doing will ensure massive unemployment and endless economic stagnation. To understand why I make such a sweeping assertion, it is necessary to comprehend how our economy... Ludwig von Mises Institute http://www.freerepublic.com/focus/f-news/2405776/posts#comment Fri, 11 Dec 2009 23:22:49 GMT http://www.freerepublic.com/focus/f-news/2405451/posts To his credit--and, if the bullish consensus is right, his doom--David Rosenberg is sticking by his guns. OUR THOUGHTS ON THE OUTLOOK The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said repeatedly that this recession is really a depression because the recessions of the post-WWII experience were merely small backward steps in an inventory cycle but in the context of expanding credit. Whereas now, we are in a prolonged period of credit contraction, especially as it relates to households and small businesses (as we highlighted in... The Business Insider http://www.freerepublic.com/focus/f-news/2405451/posts#comment Fri, 11 Dec 2009 16:25:17 GMT http://www.freerepublic.com/focus/f-news/2404844/posts With December almost done, and all the banks having already issued their rosy outlooks for 2010 (don't ask us how the trading desks are axed, but you be sure a certain sense of "contrarianism" permeates Goldman's traders), the objective third pary strategists begin chiming in. We present Rosie's 2010 outlook from Today's Breakfast with Dave piece, courtesy of Gluskin Sheff. The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said repeatedly that this recession is really a depression because the recessions of the post-WWII experience were merely... Zero Hedge http://www.freerepublic.com/focus/f-news/2404844/posts#comment Thu, 10 Dec 2009 20:48:52 GMT http://www.freerepublic.com/focus/f-news/2403899/posts Have We Avoided The Economic Depression Many Feared? Economics / Great Depression II Dec 09, 2009 - 08:35 AM By: Mac_Slavo President Obama spoke about the economy at the Brookings Institution. “We acted to get lending flowing again, so businesses could get loans to buy equipment and ordinary Americans could get financing to buy homes and cars, to go to college, and to start or run businesses. We enacted measures to stem the tide of foreclosures in our housing market, helping responsible home owners stay in their homes and helping to stop the broader decline in home values which was... The Market Oracle http://www.freerepublic.com/focus/f-news/2403899/posts#comment Wed, 9 Dec 2009 19:03:48 GMT http://www.freerepublic.com/focus/f-news/2401934/posts "90% of the people believe the economic problem is in the process of being resolved and that 2010 will be significantly better, even though many admit there might be some short term set backs on the way to the recovery. Government officials, many economists, and the vast majority of market analysts are saying it is so. This writer and a very small minority say the truth is that a terrible, deflationary depression is probably starting in the coming months. Here is why people like me think this." Seeking Alpha http://www.freerepublic.com/focus/f-news/2401934/posts#comment Mon, 7 Dec 2009 12:15:53 GMT http://www.freerepublic.com/focus/f-news/2401901/posts So, central bankers are beginning to wonder if the US can pull off "another Volcker." Even Paul Volcker himself, who is still alive, doubts it. Today, too many people owe too much money and too many political favors. Put up rates to 18% today? Unthinkable. Cut 10% off government spending? Impossible. But don't worry about it. Now, we're not threatened by inflation...but by depression! It's fighting the depression that makes people worry. Smart investors and shrewd central bankers are afraid the depression-fighters will go too far...that they don't really know what they're doing. Ben Bernanke is up for re-appointment. "Bernanke... The Daily Reckoning http://www.freerepublic.com/focus/f-news/2401901/posts#comment Mon, 7 Dec 2009 09:20:13 GMT http://www.freerepublic.com/focus/f-news/2401812/posts Deflationary Economic Depression 2010, Ready Or Not Here It Comes! Economics / Great Depression II Dec 06, 2009 - 08:31 PM By: Darryl R Schoon Much has been written about the Great Depression and the present crisis. There is much that is similar and some that is not. The differences explain why events have unfolded differently. The similarities explain why the end will be the same. Deflationary depressions occur after the collapse of large speculative bubbles. The collapse of the 1920s US stock market bubble, then the largest bubble in history, caused the Great Depression of the 1930s. The collapse... The Market Oracle http://www.freerepublic.com/focus/f-news/2401812/posts#comment Mon, 7 Dec 2009 03:15:16 GMT http://www.freerepublic.com/focus/f-news/2400272/posts Our Annual Predictions For 2010. Good News And Bad News (Kitco)Roger WiegardDec 1 2009 1:54PM Will 2010 be a 1930 or, comparable to 1937? Is it different this time? When one nation state of a formerly high productive stature destroys itself with inflation, the untouched others can soften the blow and in time bail out the fallen one. This was Germany’s fate in the 1920’s. In our current instance, most all of the world’s economies are on their knees with some hurting worse than others. Who can help with recovery this time? There is no one. It will not be... Kitco http://www.freerepublic.com/focus/f-news/2400272/posts#comment Fri, 4 Dec 2009 16:39:10 GMT http://www.freerepublic.com/focus/f-news/2399934/posts Federal Reserve Bank chairman Ben Bernanke, who appears at a confirmation hearing Thursday for a second term, is a renowned expert on the Great Depression of the 1930s and is driven to avoid a repeat of such devastation. afp http://www.freerepublic.com/focus/f-news/2399934/posts#comment Fri, 4 Dec 2009 04:18:54 GMT http://www.freerepublic.com/focus/f-news/2399932/posts lease See link geraldcelente http://www.freerepublic.com/focus/f-news/2399932/posts#comment Fri, 4 Dec 2009 04:15:00 GMT http://www.freerepublic.com/focus/f-news/2399930/posts Risk Of Double-Dip Recession Is Rising, Says Krugman Henry BlodgetDec. 3, 2009, 8:23 PM Several recent reports suggest that the recovery is faltering. See today's ISM index, for example, as well as the global PMI, continuing jobless claims, and the house-price recovery. Paul Krugman cites other disappointing news (as well as the ISM) and says that the risk of a double-dip is increasing: I’ve never been fully committed to the notion that we’re going to have a “double dip” — that the economy will slide back into recession. But it has been clear for a while that it’s a serious... The Business Insider http://www.freerepublic.com/focus/f-news/2399930/posts#comment Fri, 4 Dec 2009 04:10:26 GMT http://www.freerepublic.com/focus/f-news/2399293/posts Recession, Depression, Deflation, Inflation, Collapse Or Recovery? Mac Slavo December 03, 2009 The International Forecaster, Bob Chapman, discusses The Fed’s options for 2010 and what effect their decisions will have on the economy in Potential for Fed To Hyperinflate: The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be... Seeking Alpha http://www.freerepublic.com/focus/f-news/2399293/posts#comment Thu, 3 Dec 2009 14:42:18 GMT http://www.freerepublic.com/focus/f-news/2398442/posts The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, fell three points on Wednesday to a four month low. At 69.0, the Consumer Index is down five points from a week ago and down seven points from a month ago. Confidence is now at the lowest level since July 24 and is up only nine points from the beginning of the year. Just 8% of adults rate the economy as good or excellent while 58% say it is in poor shape. Just 24% say the economy is getting better while 51% say it is... Rasmussen Reports http://www.freerepublic.com/focus/f-news/2398442/posts#comment Wed, 2 Dec 2009 15:16:25 GMT http://www.freerepublic.com/focus/f-news/2398434/posts Nonfarm private employment decreased 169,000 from October to November 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from September to October was revised by 8,000, from a decline of 203,000 to a decline of 195,000. November was the eighth consecutive month during which the decline in employment was less than in the previous month. Although overall economic activity is stabilizing, employment usually trails economic activity, so it is likely to decline for at least a few more months. November’s ADP Report estimates nonfarm private employment in the service-providing sector fell... ADP http://www.freerepublic.com/focus/f-news/2398434/posts#comment Wed, 2 Dec 2009 15:06:21 GMT