Tag Archive
aig
banks
bernanke
city
commons
crash
crisis
debt
deflation
demand
demos
depression
eastern europe
ecb
eu
euro
europe
eurozone
financial crisis
france
g20
geithner
great depression
great recession
history
inflation
keynes
london
macroeconomics
mayday
meltdown
merkel
monetarism
movements
neoclassical economics
new classical macroeconomics
obama
ponzi scheme
protests
recession
recovery
riots
sarkozy
toxic assets
trichet
MayDay, MayDay, the Great Recession Deepens!
Japan down 12.7% minus one less drunk minister (Nakagawa), Germany -8.5%, Italy -7%, eurozone and sterlingzone both down 5.9%, France almost minus five, Obamerica -3.8%
This was annualization for 009 of last quarter of 008. but the Great Recession is gathering momentum and will end up be even worse than that. Germany and Italy will be [...]
We Demand Demand
We demand demand. We’ve spent the last 30 years paying for it. Most of us owe most than we’re worth. Soon our credit will be so bad that no one will take our cash. If we’ve paid taxes, we own a bank, a car company, an airline. Who knows what we’ll own next?
The only thing [...]