Blog entries tagged with "great depression"
THE GREAT RESET (THE GREAT DEPRESSION SEQUEL)
The debt blanket is smothering the federal government, small businesses and many households. How do we know when we reach the upper limits on borrowing? When we can't make the monthly payments on the debt.
Personal bankruptcies will hit 1.4 million families in 2009, small businesses are declining ...
Continue reading "THE GREAT RESET (The Great Depression Sequel)"THE RISE AND FALL OF ARTIFICIAL WEALTH
Below is a Great article by Dr. Michael Intiligator, a presenter for the forthcoming Nexus Symposium.
The article can be found HERE
The projections presented in this paper estimate that the GDP of $14.26T achieved in 2008 will not be achieved again until 2013 on an inflation-adjusted basis and ...
EVERY RECESSION HAS ITS SILVER LINING
As the great Monty Python has said, “always look on the bright side of life.” While Americans in the current economy have focused their energies on the negative aspects of the recession, there is something to be said about maintaining an optimistic outlook and finding the positive facets in a ...
Continue reading "Every Recession Has Its Silver Lining"HISTORY REPEATS ITSELF
I remember reading about the Great Depression of the 1930s in my high school history course and considering that era, like so many other historical moments, merely a fascinating relic of American history which came and passed leaving behind its lessons and stories. The vignettes of life during the Depression ...
Continue reading "History Repeats Itself"BROTHER, CAN YOU SPARE A DIME? I NEED TO GET THE NEW IPOD.
One common theme in the stories about the current recession is that people were living beyond their means. Individuals used their homes as ATM machines and accumulated tens of thousands in debt to fuel their unbridled consumerism. Banks practiced equally risky behavior in investing in new high-leveraged investment devices that ...
Continue reading "Brother, can you spare a dime? I need to get the new ipod. "