Tag Archive
Anarchy in the EU
(For same-titled book, check Agenzia X; it contains parts in English and a chromatology of european movements)
Forty-one years later, and the spirit, if not the fervour, of May 1968 lives on. Then, over a month of student-led protests and a general strike crippled France and popular Marxist revolution appeared a real possibility in a Western [...]
It’s W-Shaped!
BEST BRACE FOR A W-SHAPED RECESSION
By John Authers, May 17, 2009
If you want to describe this recession, and this bear market, it seems to be easiest to give them a letter grade. At one point the debate was between a V (a sharp recovery after a sharp fall) and a U (a slower recovery with a [...]
Green Shoots or Yellow Weeds?
RGE Monitor, May 13
Many commentators are suggesting that the recent data from the manufacturing, housing market, labor markets suggest that the ‘green shoots’ of an economic recovery are blossoming. While there do seem to be some signs of improvement, ie that the pace of contraction has slowed, the most recent data may still suggest that [...]
Obama Skates on Thin Ice
THIN ICE FROM HERE TO THE HORIZON
By Alexander Cockburn, Counterpunch
On any rational assessment the popular new president is skating on thin ice. Pollyanna bulletins about the economy puff up from the White House and Federal Reserve, like auguries of a new Pope through the Vatican chimney. “Habemus spem.” We have hope. We’ve just heard it [...]
It Ain’t Over Until It’s Over
The Recession. The free-market economists of yesteryear have been trying to convince everybody the worst of the crisis is over. They basically have only rising prices for oil futures to back their desperate optimism. Well, now oil futures have gone back below the current brent crude price of $50. So what now?
It’s clear that the [...]
Berlusconi Drags Italy into 3-Year Recession
Italy is the only leading country forecast by the IMF to be facing three consecutive years of contraction (FT)
GDP fell 1% in 2008
Q4 activity contracted by 1.9% qoq. Leading and sentiment indicators suggest Q1 contraction will be as severe as Q4
Mar 4: Senior official of the Bank of Italy said the 1.8% contraction in Q4 [...]
Dollar Rise and International Macroeconomic Instability
A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad
By PETER S. GOODMAN
Published: March 8, 2009
As the world is seized with anxiety in the face of a spreading financial crisis, the one place having a considerably easier time attracting money is, perversely enough, the same place that started much of the trouble: the [...]
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 [...]
A blog on the macroeconomic meltdown and radical fights for redistribution
THE GREAT RECESSION
(!new! check out this:
http://zoescope.wordpress.com/2008/12/22/comparing-usa-outlay)
Capitalism is in crisis. Neoliberalism is dead. Neoconservatism is deader.
We are in the Great Recession, the biggest slump since the Great Depression. And 2009 will see many more us unemployed and our wages slashed.
America, Europe, China, Russia, all the regions of the world are reeling from the consequences of the [...]