I would like to provide an overall update as to my thoughts on our current economic situation. My blog post of September 1, 2009 summarizes my current thoughts well. It can be found here: https://www.economicgreenfield.com/2009/09/01/are-we-going-into-a-depression/ Many of my concerns and reasons for such an outlook have been expressed in this blog. Of course, over the last … Read more My Thoughts On Our Current Economic Situation
Please note – some might find this post disturbing I would like to provide an overall update as to my thoughts on our current economic situation. First, however, a brief recap of what others think of our current economic situation (details of which can be found under the “Economic Forecasts” and “Stock Market” categories on the right-hand … Read more Are We Going Into A Depression?
One of the phrases that I have heard innumerable times is that our current period of economic weakness “isn’t as bad as The Great Depression because during The Great Depression unemployment was at 25%.” While I have commented repeatedly on this blog that I don’t believe we should be equating our current economic condition to that of … Read more Debunking A Popular Phrase
On July 26th Ben Bernanke said, “”I was not going to be the Federal Reserve chairman who presided over the second Great Depression.” The quote and associated details can be found here: http://online.wsj.com/article/SB124865498517982625.html I found the quote interesting primarily as it once again underscores the popularity (or should I say fixation) that many people, including … Read more Another Mention of The Great Depression
In previous posts I have spoken of the comparisons between our current period of economic weakness and that of The Great Depression. Those posts were on June 22 and June 15, and can be found at these links: https://www.economicgreenfield.com/2009/06/22/are-we-avoiding-a-depression/ https://www.economicgreenfield.com/2009/06/15/great-depression-stock-charts-vs-our-current-period/ I would like to reiterate my view, seen in the above links, that although our current … Read more Comparing The Great Depression To Our Current Economic Situation
Please note; some will find this post disturbing I would like to call your attention to the article titled “A S&P500 Target of 100?” which is found under the “Investor” heading here: https://www.economicgreenfield.com/prosperitybypencom-directory/ With the S&P500 currently at 893.72, I am sure that many will find the mere notion of the 100 level to be highly … Read more The Concept of a “Super Depression”
As previously indicated, in this post: https://www.economicgreenfield.com/2009/06/19/current-economic-forecasts/ most mainstream economic forecasters as well as many other financial professionals believe that “the worst is behind us” as far as economic damage. It certainly would be nice if this were the case. However, for a variety of reasons, I continue to believe that while it is possible that … Read more How Can We Go Into a Depression?
Perhaps the most common refrain heard with regard to our current economic situation, and why it won’t become a Depression, is that we as a nation have been proactive and aggressive in “managing” this period of economic weakness. This theory, more or less, has the following generalized (and summarized) structure: There has been rigorous research conducted on the … Read more Are We Avoiding a Depression?
One of the questions that seems to be popular since the economic events of 2008 is whether we are in a Depression. As such, for the next few posts I will be commenting on the topic. Here are two links that indicate that we are not in a Depression: http://seekingalpha.com/article/142831-great-depression-ii-it-s-not-even-close?source=email http://www.calculatedriskblog.com/2009/06/update-what-is-depression.html Yet, as indicated in this … Read more Are We In a Depression?
I’m sure everyone has seen the various charts depicting the stock market during The Great Depression to that of our recent period. The comparisons that I have seen show a definite visual resemblance, and perhaps that is what is attracting such attention, as these charts have proven very popular. From my perspective, I think that any resemblance … Read more Great Depression Stock Charts vs Our Current Period