double dip

While the headline number was well below expectations of 1.8%, what must be noted are the major revisions. Q1 2011 is now reported as +0.4%. That’s a major downward revision which demonstrates that QE2 was in fact doing nothing for growth…

A stalemate could mean selective default. However, my sense is that the bonds themselves will be paid first. Other government expenditures will not get paid and that means a hardship for those who expect the money, whether companies doing…

Achuthan proved to be an accurate forecaster of the economy throughout the double dip scare last year. Timing-wise, this dip is similar. I would say, though, Achuthan seems less optimistic this year than last. Take a look.

As Europe’s leaders struggle to convince markets that their Greek debt problem-resolution-proposals are actually viable, and will really do the trick, last week’s flash PMI readings seem to have attracted rather less attention than they…

Last week I showed you one way to look at the jobs crisis in graphical form. Here’s another from Calculated Risk.

I don’t have any comments on this yet, but it is definitely newsworthy.

Australian Professor Steve Keen explains why private sector debt dynamics drove both the Great Depression and the Great Recession.

Well, yes. Case-Shiller data confirmed this for me in January. We've been saying that's where things were headed since the expiration of the home buyer's tax credit last year. And even last winter we saw a seasonal dip in prices that got us…

I saw this video before but after reader Rick e-mailed it to me I decided to post it. The headline is the interesting part. Greenspan believes the double dip scenario has been off the table for a number of months and that the wealth effect…

The Case/Shiller Housing Index numbers were below expectations and confirmed that housing is dipping again after a brief respite. In the video below, Robert Shiller explains what this means for the economy.