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Keyword: recession

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  • Venezuela to remove five zeroes from ailing currency

    07/25/2018 9:43:03 PM PDT · by Olog-hai · 49 replies
    Reuters ^ | July 25, 2018 7:46 PM | Brian Ellsworth
    Venezuela will remove five zeroes from the bolivar currency rather than the three zeroes originally planned, President Nicolas Maduro said on Wednesday, in an effort to keep up with inflation projected to reach 1 million percent this year. The OPEC nation’s economy has been steadily collapsing since the 2014 crash of oil prices left it unable to maintain its socialist economic system that for years provided lavish subsidies while enforcing strict price controls. Annual inflation in June topped 46,000 percent, according to the opposition-run Congress. The IMF said this week it could hit seven digits this year, putting it on...
  • Bill Maher Hopes For A Recession, Audience Applauds

    06/10/2018 10:23:39 AM PDT · by SeekAndFind · 40 replies
    Hotair ^ | 06/09/2018 | Karen Townsend
    Political talk show host Bill Maher has a bad case of Trump Derangement Syndrome and the symptoms were on full display Friday night. The HBO show host said that he now wishes an economic recession in America in order to get rid of President Trump. I wish his statement was some kind of lame, offputting failed joke but Maher was perfectly serious. And, yes, fellow deranged audience members applauded him.During his Friday night show, Maher began his monologue by addressing the G7 Summit in Quebec this weekend. He described Trump’s arrival Friday as “Right on schedule, the turd showed...
  • Bill Maher Hopes for ‘Crashing Economy’ to Get Rid of Trump — ‘Bring on the Recession’

    06/09/2018 7:32:41 AM PDT · by mandaladon · 95 replies
    Breitbart ^ | 9 Jun 2018 | Jeff Poor
    Bill Maher Hopes for ‘Crashing Economy’ to Get Rid of Trump — ‘Bring on the Recession’(Full Title) Friday on HBO’s “Real Time,” host Bill Maher admitted he was hoping for the American economy to falter because he said that was the one way to “get rid” of President Donald Trump. Maher acknowledged the economy was good for now but said he felt like the bottom could “fall out at some point.” “That’s my question — I feel like the bottom has to fall out at some point, and by the way, I’m hoping for it because I think one way...
  • In The Coming Boom, Inequality Will Be By Choice

    12/30/2017 5:54:28 AM PST · by jfd1776 · 12 replies
    Illinois Review ^ | December 29, 2017 A.D. | John F. Di Leo
    What is it that ends a recession, and finally brings about an economic boom? After a long and painful “non-recovery recovery” – a decade-long stretch in which job growth and the labor force non-participation rate remained flat – the federal government has finally accomplished, in 2017, the primary contributions that it can make to bring about a real recovery: By year-end, Congress had passed, and the president had signed, a long-overdue tax cut, reducing the tax rate that employers pay by nearly a half. It wasn’t enough, and we will need to add additional cuts in a phase two and...
  • Economists concerned about possible recession

    12/24/2017 3:41:06 PM PST · by mywholebodyisaweapon · 44 replies
    Yahoo News (AFP) ^ | December 24, 2017 | Ali BEKHTAOUI
    Some economists are worried about the bond curve "inverting," so that short-term yields are higher than long-term yields. The economists cited are using 2 year yields as short-term and 10 year yields as long-term yields.
  • Washington, D.C. and the Problem of Time

    10/26/2017 6:50:02 AM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | October 25, 2017 A.D. | John F. Di Leo
    “We have plenty of time.” When we’re young, everyone thinks we have time… plenty of time. We tell our children to study, to eat, to exercise, to learn, and they look at the clock, and they look at their parents, and what do they think? “What do those haggard, grey-haired grown-ups know? I’m a kid; I have plenty of time.” The same continues as we age. In our twenties, we date for fun and put off marriage; there’s still plenty of time. In our thirties, we spend our money on houses and vacations rather than saving for retirement; there’s still...
  • The Federal Reserve is setting America up for economic disaster

    09/19/2017 7:24:05 PM PDT · by Tolerance Sucks Rocks · 75 replies
    The Hill ^ | September 18, 2017 | Armstrong Williams
    I recently had the opportunity to read "The Creature from Jekyll Island" by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions. America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine that prohibited our involvement in European affairs) The Bolshevik Revolution of 1917 was supported by international financial interests in order to destabilize Russia and steal the wealth of the Russian people; and So-called "foreign aid" is merely a...
  • The Democratic Party and the War on Work

    09/04/2017 4:04:56 PM PDT · by jfd1776 · 8 replies
    Illinois Review ^ | September 4, 2017 A.D. | John F. Di Leo
    Reflections on Labor in America, on Labor Day Weekend... The Friday that began Labor Day weekend, 2017, brought with it a disappointing jobs report. While the economy is still growing, and the stock market is booming, the most personal statistic of all – whether a person is employed or not – is the most frustrating one to watch. We should begin the discussion by considering the flaws of these statistics. Unemployment and jobs are tricky things to measure, because a part time job isn’t the same as a full time job, one person’s home business isn’t the same as another...
  • A Look at President Trump and the State of the Nation on his Birthday

    06/14/2017 5:47:25 PM PDT · by jfd1776 · 6 replies
    Illinois Review ^ | June 14, 2017 A.D. | John F. Di Leo
    President Donald J. Trump was born on June 14, 1946, a day also celebrated as the birthday of the Continental Army (1775) and the United States Flag (1777). It’s a good day to be a patriot. At this writing, as he celebrates his 71st birthday, Donald Trump has been in office for less than five months. If the 100-day mark in a presidency is too early to judge a presidency, then so is this, so we mustn’t try. There is still room for almost all possible outcomes at the end of his four years (or eight). It is, however, a...
  • 12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here

    06/03/2017 4:46:23 AM PDT · by blam · 79 replies
    TEC ^ | 6-3-2017 | Michael Snyder
    Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all. U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of just 1.33 percent that we saw over the previous ten years. But when you look even deeper into the numbers a much more alarming picture emerges. Commercial and industrial loan growth is declining, auto loan defaults are rising, bankruptcies are absolutely surging and we are on pace to break the...
  • Truth, Lies, and The Paris Accord

    06/02/2017 11:49:25 AM PDT · by jfd1776 · 27 replies
    Illinois Review ^ | June 2, 2017 A.D. | John F Di Leo
    In 2015, one of the endless subsets of the United Nations – specifically, the United Nations Framework Convention on Climate Change, or UNFCCC – gathered to write a retreat from modernity based on the junk science known as “man-made global warming,” or, more recently, since the discovery of the undeniably fabricated “hockey stick” model that originally justified the idea, “man-made global climate change.” Representatives of 195 countries – yes, that’s almost every country on earth – signed onto the agreement, commonly known as The Paris Accord. In many cases, one representative’s signature was enough, and in others, the signature is...
  • Trump's budget could plunge nation's capital into recession

    04/01/2017 5:29:23 PM PDT · by ameribbean expat · 138 replies
    While many of the targeted federal agencies have offices outside Washington, Trump's dream budget would hit the region disproportionately, with tens of thousands of jobs at risk. The cuts would be felt throughout the city, with fewer people riding the already-beleaguered Metro subway or eating at restaurants. It would also hurt Washington's already-shaky market for office space. Economist Stephen Fuller of George Mason University, who has studied the regional economy for decades, estimated 20,000-24,000 federal employees and 10,000 federal contractors would lose their jobs under Trump's proposal. That equates to 5 percent of federal workers in the region. With those...
  • Fed rate hikes + low growth = recession, says stock-market strategist

    03/16/2017 3:14:18 AM PDT · by SkyPilot · 18 replies
    Market Watch ^ | 15 Mar 17 | Marc Decambre
    Some fear rate hikes could tip the economy into a recession. The Federal Reserve on Wednesday lifted benchmark interest rates for only the third time in about a decade, and that has caused trepidation among some market participants. Lance Roberts, chief investment strategist at Clarity Financial, makes the case in one chart that raising interest rates off ultralow levels during a period of tepid economic growth coincides with recessions in the following three to nine months (see chart below, which compares real, inflation-adjusted, GDP to Fed interest rate levels). The Fed lifted key rates by a quarter-point Wednesday to a...
  • How The Federal Reserve Is Setting Up Trump For A Recession

    03/15/2017 2:57:09 PM PDT · by HomerBohn · 53 replies
    Investing ^ | 3/14/2017 | Michael Snyder
    Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump. Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable panel of central bankers that is running the show, and until something is done about the Fed our long-term economic problems will never be fixed. For an extended analysis of this point, please see this article. In this piece, I am going to explain why the...
  • Trump Lauds Job Numbers He Once Impugned

    03/11/2017 9:02:50 AM PST · by PK1991 · 33 replies
    YouTube ^ | March 11, 2017 | Peter Schiff
    President Trump lauds job numbers he once impugned. He is now owns the bubble burst and resulting collapse with less than two months in office.
  • Health Insurance Reform and the American Entrepreneur

    03/08/2017 1:47:08 PM PST · by jfd1776 · 5 replies
    Illinois Review ^ | March 8, 2017 A.D. | John F Di Leo
    Part One of the House GOP’s official plan to repair/undo/fix/replace Obamacare was released this week, to utter shock and dismay. The authors say that everything America needs will be in the full packet, so it’s unfair to judge Part One without seeing the rest. That may be true, so here, let’s just look at the big picture, whether it’s one part, two parts, three or ten. America had a healthcare financing problem a decade ago. Conservative solutions, such as malpractice/tort reform, extending the tax-deductibility that employer-provided health insurance gets to individual policies too, and closing the borders to reduce the...
  • ‘Trump makes sense to a grocery store owner’ [Interview with "Black Swan" author]

    02/08/2017 12:57:16 AM PST · by 2ndDivisionVet · 22 replies
    The Hindu ^ | January 29, 2017 | Suhasini Haidar
    Economist-mathematician Nassim Nicholas Taleb contends that there is a global riot against pseudo-experts After predicting the 2008 economic crisis, the Brexit vote, the U.S. presidential election and other events correctly, Nassim Nicholas Taleb, author of the Incerto series on global uncertainties, which includes The Black Swan: The Impact of the Highly Improbable, is seen as something of a maverick and an oracle. Equally, the economist-mathematician has been criticised for advocating a “dumbing down” of the economic system, and his reasoning for U.S. President Donald Trump and global populist movements. In an interview in Jaipur, Taleb explains why he thinks the...
  • Unsustainable model: Economist says 'balanced budget' adage doesn't work

    01/22/2017 7:13:32 PM PST · by Tolerance Sucks Rocks · 39 replies
    The Montana Standard ^ | January 22, 2017 | Tom Lutey
    BILLINGS -- As bipartisan crowd-pleasers go, few get Montanans nodding more approvingly than calls for a balanced federal budget, which is why U.S. Sen. Steve Daines recently offered a bill forcing his peers to go unpaid unless they reign in spending. “As I travel around Montana, as I did in December wrapping up a 56-county tour, when I talk about this bill, it’s a bill that will literally bring applause from across the state,” Daines told The Gazette. The state of Montana balances its budget. The federal government should do the same, or so goes the narrative that literally every...
  • Hard Times for Retail Stores: Obama's Fault, not Amazon's

    01/06/2017 1:19:13 PM PST · by jfd1776 · 30 replies
    Illinois Review ^ | January 6, 2017 A.D. | John F. Di Leo
    Reflections on the future of retail… As the new year began, right in the midst of outgoing Resident Barack Obama’s ever-more-urgent pleas for a “legacy,” two announcements hit the news: the family of Sears and K-Mart will close yet another 109 K-Marts and another 41 Sears’ stores in 2017, and Macy’s will close another 68 of theirs. It was to be expected, of course. The analysts say that these stores are of an old breed that hasn’t kept up; they still use brick and mortar, unlike the darlings of the new age of retail, Amazon and Etsy et al, which...
  • Paul Krugman’s ‘Global Recession’ Prediction Lasted as Long as He Was Asleep

    11/10/2016 8:20:46 AM PST · by Beave Meister · 6 replies
    The National Review ^ | 11/9/2016 | PAUL CROOKSTON
    Paul Krugman has already had to walk back his prediction of a global recession following Donald Trump’s presidential victory last night. His initial post on the New York Times’ website was confidently apocalyptic about the prospects of Donald Trump plunging the world into a depression: “If the question is when markets will recover, a first-pass answer is never.” He concluded by saying, “So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.” Markets rebounded in...