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Posts Tagged ‘Great Depression’

Look Who is Inviting the Next Great Depression…

Posted in Current Events, Domestic Affairs, Economy, tagged , , , , , , on September 27, 2010 | 9 Comments »

ATLANTA— I only have a moment here, before beginning a long work week.  But wanted to leave our readers with a quick link to Ambrose Evans-Pritchard’s column from yesterday on the aggressive ongoing currency debasements currently gripping the world. 

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SECOND GREAT DEPRESSION COMING!? …Europe and the Threat of Sovereign Defaults

Posted in Current Events, Domestic Affairs, Economy, Foreign Affairs, Politics, tagged , , , , , , , , , , , , , on February 8, 2010 | 21 Comments »

ATLANTA— The brief market collapse last Thursday might well have been a canary in the coal mine. It was caused principally by a sudden concern over the credit-worthiness of certain peripheral European countries: namely Ireland, Portugal and Spain.  When coupled with the precarious finances of Greece, these countries’ spiraling deficits and out-of-control debt raise the specter [...]

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Green Shoots Versus Yellow Weeds: Is A Second Global Economic Meltdown Coming!?

Posted in Economy, Foreign Affairs, Politics, tagged , , , , , , , , , on June 16, 2009 | 16 Comments »

ATLANTA— The above graphs, printed along with an interesting column by Martin Wolf in the Financial Times, present a fascinating comparison of the trajectory of the current economic recession over against that of the Great Depression.  What distinguishes this recession and the Great Depression from all others over the last century is their pervasive, global nature. The correlation [...]

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BARACK OBAMA: Transparency You Should Quit Believing In

Posted in Economy, Politics, tagged , , , , , , , , , , , , on February 13, 2009 | 2 Comments »

ATLANTA— I am becoming increasingly convinced that much of Mr. Obama’s promise for change is dead on arrival.  The newest promise to fall by the wayside is the promise of transparency from the Democrats regarding the Stimulus Package.  Evidently, everyone in Congress voted to have the bill up on-line for the American people to see [...]

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OBAMA TO ELKHART: My Pork-Laden Stimulus Bill Has No Pork!

Posted in Economy, Politics, tagged , , , , , , , , , , , , , , , on February 9, 2009 | 32 Comments »

  Understand, this bill does not have a single earmark in it, which is unprecedented for a bill of this size. … There aren’t individual pork projects that members of Congress are putting into this bill…”  — Barack Obama, Elkhart, Indiana, February 9, 2009. …and I know that a new overpass downtown would make a [...]

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OBAMA: PASS THE STIMULUS OR RISK TOTAL ECONOMIC COLLAPSE! …Didn’t We Invade Iraq Because of a Fear-Mongering President?

Posted in Economy, Politics, tagged , , , , , , , , , , , on February 5, 2009 | 6 Comments »

ATLANTA— The current economic crisis is the worst we have seen in our lifetimes.  I will give everyone who comes to this website that initial concession.   But I remain unconvinced that the current, massive, $900 billion stimulus package heading through Congress will solve any of our problems.  In fact, I think it will drive us further [...]

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Unemployment to Reach 10%!?! How Obama, Inflation Could DESTROY the Economy…

Posted in Economy, Politics, tagged , , , , , , , , , , , , , , , , , , , , , on January 3, 2009 | 12 Comments »

ATLANTA— Barack Obama announced on his radio address today that without action, the U.S. economy could lose hundreds of thousands more jobs- pushing unemployment above 10%.

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