This ain’t good. And yet nary a tremble from the market. I wonder why?
Tag Archives: Recession
China Won’t Save the World Economy This Time.
The great hope for business leaders and those of the political sort was that China would pull the world out of the greatest economic downturn in 3 generations. This has failed to happen and is failing more with each passing day. China isn’t going to save the day. China has been built on a good amount of economic magic and it needs a correction desperately. It likely has one on its hands though this still is not the official consensus.
The Socialists in France continue to fail, economically and politically
The French economy is solidly mired in recession. It appears that President Francois Hollande’s government infused “growth” policies aren’t working too well.
Food Stamps Put Rhode Island Town on Monthly Boom-and-Bust Cycle
The town of Woonsocket rises and falls every month with issuance of food stamps on the 1st. Not a good way to live, that is for sure.
A Sad Subprime City, Detroit
Detroit used to be one of the “big big cities” of the United States. During the middle part of the 20th Century it was a capital of industry and economic vitality. New York, Chicago, LA, Philly, San Francisco, and Detroit. The heavy hitters. Now Detroit seems only to be taking the hits.
Use of Coupons Spikes Most Since 2007, the Beginning of the Great Recession
The consumer is feeling renewed stress. Gas prices are up. Food prices are up. But incomes are stagnant or down generally.
Tax Increases Hurt the Poor the Most, Leg Down in the World Economy Looms
The end of the payroll tax cut is hitting those struggling to get by the most. As the world teeters on another leg down in the economy many probably feel that they are already on the down slope.
Walmart Says February Month to Date Sales Are “a Total Disaster.”
One would think with the economy on the rise (as we’ve been told that it is) this wouldn’t be the case. All that money printing by the Fed and an exec at Walmart is seeing the worst start to a month in his time with the company? Clearly this executive must have misplaced a decimal point or something. Things are going great.
Europe Tumbles Deeper into Recession
Just a few weeks ago many leaders in Europe were talking about the end (or at least the beginning of the end) of the Eurozone crisis. It now appears that was wishful thinking at best. Now even mighty Germany is starting to suffer.
Is Britain’s Greatest Depression Happening Right Now?
Take a look at this chart of economic recoveries in the United Kingdom over the past century. Ugly.
