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Links: 2008-12-02
The news yesterday was pretty grim as Japanese, Chinese, Eurozone, UK and US manufacturing sectors all showed significant weakening. Combine this with an acknowledgment that we have been in recession for one year already and Meredith…
The U.S. has been in recession for one year
My very first post on this blog was in March and it was titled "The Economy Is Definitely In Recession." Back then, this seemed like a stretch for a lot of people, but today the National Bureau of Economic Research (NBER), which makes the…
In Memoriam: Tanta of Calculated Risk
Today I learned that we lost one of the most talented bloggers out there, Tanta from the blogsite Calculated Risk. Tanta had been battling cancer. She died aged 47 and will be missed not only by those who knew her but by her many readers…
A note on Japan’s experiment with quantitative easing
Japan’s policy makers generally procrastinated considerably in terms of implementing any kind of stimulative measures, as well as prematurely reversing the benign impact of policies which had some earlier success. In terms of monetary…
Meredith Whitney: more bearish than ever, but…
Last night, in an e-mail Yves Smith of naked capitalism pointed out an Op-Ed piece by Meredith Whitney which ran in the Financial Times yesterday. It was a fairly somber and downbeat assessment from an analyst who has proved right on the…
ISM Manufacturing Index: Deep recession territory
The Institute for Supply Management (ISM) released its monthly report on Manufacturing, the ISM Manufacturing Report on Business®. It showed a reading of 36.2 down from 38.9. Where 50 is the demarcation line between growth and recession,…
Links: 2008-12-01
I am altering my news round-up a bit here in that we have shifted the bulk of the news stories over to the news feed, which gets updated continuously. So, I will use the round-up to highlight a few top stories. The majority of today's…
Quantitative easing: printing money like mad to ward off deflation
In economic circles, there has been a lot of buzz about Quantitative Easing of late. Basically, the U.S. Federal Reserve has lowered interest rates to near zero percent and the fear is that these cuts will not have enough effect on the…
JPMorgan Chase: Large exposure to real economy downturn
The financial services sector has been the hardest hit sector in the credit crisis so far. Banks with large exposures to mortgage-backed securities like Citigroup, UBS and Merrill Lynch have suffered the most. This is largely because the…
Links: 2008-11-29
Below are links to a few posts on the web that I found particularly good. For more posts and news, see the news feed.