double-dip recession Archives - munKNEE.com
Wednesday , 25 November 2020

Tag Archives: double-dip recession

No Fewer Than FIVE Ominous, Vicious Cycles Await Us

Neither the White House nor the CBO have adequately considered the real impact of the very deficits they themselves are projecting. While they admit the deficits will be off the charts they fail to connect the dots from that admission to its obvious natural consequences — no fewer than FIVE ominous, vicious cycles.

Read More »

Roubini, Schiff, Rosenberg and Whitney Agree: Another Recession Is At Hand! Here's Why

Michael Spence, professor at New York University’s Stern School of Business and winner of the 2001 Nobel Prize in economics, believes there's "probably a 50%" chance of the global economy slipping into recession. Nouriel Roubini disagrees and says flatly that a recession is coming and that it is a mission impossible now to stop it. The Philadelphia Federal Reserve Bank places the odds at 85% of a recession. David Rosenberg, another very savvy economist, says that by 2012, the chance of a second recession is 99%. Peter Schiff, who with Roubini, correctly and accurately predicted the collapse on Wall Street and ensuing recession, thinks one is 100% certain. [Let's take a look at why they hold such views.] Words: 829

Read More »

Stephen Roach: Chances of World Sliding Back into Recession a Distinct Possibility

Economy watchers looking for a spark of life in the exhausted, debt-ridden American consumer are quick to latch on to any signs of a pulse and the latest came in the form of higher personal borrowing in March. The $6.02-billion (U.S.) increase marked the sixth consecutive monthly advance and was nearly three times higher than the most bearish forecasts. The best news of all, however, is that credit-card debt climbed, marking only the second such rise since the housing and credit market collapse. [Unfortunately, however,] “We’re only 20 per cent of the way there" says Stephen Roach. "The American consumer is toast - stuck with a legacy of excessive debt, inadequate saving, and facing high unemployment, higher under-employment, weak incomes and holding on to assets that are under water... [As such,] you can not rule out the chances of the world sliding back into recession.” Words: 1004

Read More »

Jim Sinclair: We are Way Over the Edge Already! Got Gold?

I wrote a piece recently called "Could America be Pushed over the Economic Edge?" about how Libya, Japan or even covert economic warfare from America’s enemies could push the U.S. into another financial meltdown. I received a one sentence email from my friend Jim Sinclair that said, “We are way over the edge right now.” His message gave me a sinking feeling. [Let me explain.] Words: 923

Read More »

Mauldin: Large Tax Increases in 2011 Will Tip Us Into Recession

The uber-Keynesians that are in control of our economic policy clearly do not think that large tax increases matter, or if they do think so they are not speaking out about them. They are conducting an experiment on our economic body without benefit of anesthesia. Here's a prediction about which I can feel confident: if we do slip back into recession, they will blame some factor other than the tax increase and call for massive stimulus. In fact, they will probably say that the lack of stimulus was the problem in the first place. Paul Krugman will be the head cheerleader. Words: 841

Read More »

25 Warning Signs of HARD Economic Times Ahead (+2K Views)

At times like these, it is hardly going out on a limb to say that we are headed for hard economic times. In fact, it seems like almost everyone in the financial world is either declaring that a recession is coming or is busy preparing for one. The truth is that bad economic signs are everywhere. Words: 1171

Read More »

Listen Up Washington! Here Are 5 Drastic Fixes For America's Financial Woes

I think we can all agree that the national economy and the global economy are both on slippery slopes. It's time to think outside of the box. We just need an effective leader who is willing to ... try some real solutions. If you don't like my solutions, come up with others but don't tell me America can't be fixed. It can be fixed ... you just have to be willing to do it. Words: 2371

Read More »

Will We or Won't We Have Another Recession Soon – The Case For and Against a Second Dip

I am worried about the possibility of a second dip - of a new recession beginning sometime in the next year or so - before the current recovery has had a chance to produce much improvement. Verbally-intuitively, the case for a second dip still seems pretty overwhelming to me. I take comfort in the knowledge that I tend to have a pessimistic bias, and in the fact that sophisticated quantitative models are generally putting the odds of a second dip quite low. On the other hand, successfully forecasting recessions has not been a strong point of quantitative models. Words: 1433

Read More »