America's Economic Future – A Discussion By Ted Kavadas
On Friday, The Wall Street Journal had an article titled “Why This Isn’t Like 1938 – At Least Not Yet.” Ever since the onset of the “Financial Crisis” there has been a continual flow of comparisons of our current economic situation to that of The Great Depression. Last year I wrote about these comparisons on …
Although almost everyone believes we are in an economic recovery, it behooves us to at least consider whether instead we are in a continuing Depression, as I have previously written. Beginning on June 22, 2009, I wrote a series of four blog posts that examined various aspects of our economic situation and whether we were …
On an intermittent basis I post a summary of my thoughts on our (U.S.) current economic situation. My overall views have not changed since my last post on the subject, which can be found in the January 19 post. back to <home> SPX at 1128.15 as this post is written
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 …
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 …
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 …
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 …
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 …
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 …
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 …