Posts Tagged ‘recession’

Bailing out Banks is all about more Greed

In 2008 Goldman Sachs was one of two major investment banks that were bailed out. Shortly after, it was reported that they were giving huge bonuses. Now Goldman Sachs is laying off employees and making absurd cost cutting measures.. Even the Australian Banks were caught with their pants down, after the government bailed them out, […]

Dow Skids 300 as Recession Worries Hit

JeeYeon Park CNBC.com Sept 22, 2011 Stocks tumbled sharply across the board Thursday after a gloomy outlook from the Federal Reserve and weak manufacturing reports from Europe and China raised further concerns the global economy could sink back into recession. The Dow Jones Industrial Average plunged heavily, led by United Tech [UTX 69.515 -5.355 (-7.15%) […]

Soros: US Is Already in Double-Dip Recession

Maria Bartiromo, Antonya Allen CNBC.com Sept 22, 2011 Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama’s fiscal stimulus plans was to blame for sluggish growth. Asked by CNBC if he believed the US risks falling into a […]

Soros & Roubini: US Is Already In Recession

Economic fallout will cause unrest in United States Paul Joseph Watson Prison Planet.com Thursday, September 22, 2011 Stock markets around the world tumbled in early trading today following the Federal Reserve’s announcement that it will proceed with a a new $400bn bond-buying plan to ward off a double-dip recession, and yet both George Soros and […]

IMF and Boehner both brace for recession

The latest report from the International Monetary Fund warns America that a double-dip recession could be very much a reality. In their just released six-month World Economic Outlook, the IMF cautions America that the global economy is currently “in a dangerous place” and could pose serious problems for the United States. As crippling conditions sweep […]

Greek Default Could Tip US Into Recession

John MelloyCNBC Sept 20, 2011 Despite being more than 5,000 miles from Washington D.C., a default in Athens could trip up the global banking system just enough to tip the U.S. into a recession, investors and economists said. “Due to financial trading relationships and off-balance sheet exposure to European banks, the U.S. banking system will […]

Study links recession to child abuse

A terrifying trend has been identified by researchers mulling over data relating to the last American recession. A study released in the journal Pediatrics today reveals a correlation between a downtrodden economy and child abuse in the United States. Comparing data from the years 2004 through 2009, researchers note a surge in reported cases of […]

Americans face new recession

Hold onto your money, folks. It’s going to be a bumpy ride. Economists predict that the odds of entering another recession are pretty good — or pretty terrible, depending on how you look at it. The latest survey from the Wall Street Journal suggests that the odds of entering another economic recession are at one-in-three, […]

Gold Reaches $1,900 Again – Supported by Risk of U.S. Recession, German Euro Risk and Wikileaks China Gold Cables

Gold Core Monday, September 5, 2011 Spot for immediate delivery rose to $1,903.00/oz as the dollar and all currencies fell against gold in early European trading. Risk aversion has returned due to concerns about the US and global economy and Eurozone contagion. Gold is trading at USD 1,890.50, EUR 1,339.10, GBP 1,171.30, CHF 1,486.50 and […]

Economy Gains No Jobs in August, Fueling Recession Fears

CNBC Friday, September 2, 2011 The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession. It was the first time since World War II that the economy had precisely net zero jobs created for a month. Economists […]

Roubini Sees 60% Chance Of A Recession In 2012, China And Brazil Also At Risk

Business Insider Thursday, September 1, 2011 Party heardy NYU economist Nouriel Roubini went on Bloomberg TV on Aug. 31 to give his latest prediction of the global economy: “We’ve reached a stall speed in the economy, not just in the U.S., but in the euro zone and the UK. We see probably a 60 percent probability […]

Peter Schiff: ‘QE2 is the reason for recession’

Russia Today Thursday, September 1, 2011 On Friday new numbers are going reveal what is occurring in the employment sector, but many economists say the outlook is grim. The unemployment still lingers at around nine percent and Congress has fallen short of creating jobs for many Americans. The Federal Reserve is believed to step in […]

The Economy Quietly Entered A Recession On Friday, And Why The GDP Predicts A Sub-Zero Nonfarm Payroll Number

Zero Hedge August 30, 2011 While the key market moving event from last Friday may have been Bernanke’s Jackson Hole speech which merely left the door open to future QE episodes, the most important event from aneconomic standpoint was the first GDP revision Q2, which dropped from preliminary 1.3% to a sub stall speed, in real […]

World stock markets plunge as fears of recession intensify

  Julia Kolleweguardian.co.uk August 18, 2011 Global stock markets have resumed their recent slide, weighed down by fears that the world is sliding into a double-dip recession. Concerned that the eurozone debt crisis could be spreading to the US banking sector, regulators in New York have stepped up their scrutiny of the US arms of […]

US Recession Is Guaranteed: Expert

Thus Saith The Lord Reply:August 15th, 2011 at 5:16 am The Sons of God are Coming; and A great coup is on-going in the U.S.A. Government Come to Me, My Blessed Child and listen; for I have a message, both for you and for My people. And, this message concerns the escalation of the New […]

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