One of the central tenets arising from the Financial Crisis and the various interventions taken during the period was that by enacting the various interventions, an economic depression was avoided. Now, over five years after the Financial Crisis, many global stock markets have been booming, economic growth has been evident in many measures, and the … Read moreWas A Depression Successfully Avoided?
On April 29, 2011, I wrote a post titled “Recovery, Recession, Or Depression?” in which I highlighted the issue of whether the U.S. economy was then in an economic recovery, economic recession, or economic depression. Now, almost three years since that post, and nearly five years since the end of June 2009 NBER Business Cycle … Read moreEconomic Expansion, Recession Or Depression?
In the October 17 post (“Danger Signs In The Stock Market, Financial System And Economy“) I wrote the following: Of further concern is whether, and when, the above-mentioned problems might reach a point at which another (financial system) crash occurs. I am particularly concerned about the prospects of the next crash for a number of … Read moreThe Next Crash And Its Significance
What is the official definition of an (economic) depression? Although the term is often heard, the term seems to lack a well-structured definition. There is a section discussing depressions on The NBER’s Business Cycle Dating Procedure: Frequently Asked Questions page. As seen in the discussion, it says: The term depression is often used to refer … Read moreDefining An Economic Depression
As seen in the September 15 post (“September 13 Gallup Poll On Upper-Income Americans’ Economic Confidence“) lately there appears to be a significant lessening of economic confidence among “upper-income” Americans; and, as seen in the poll, “This is the first month since the financial crisis of late 2008 and early 2009 that upper-income Americans are … Read moreThe Plight Of The Wealthy During Depressions
One of the more interesting facets of our current economic situation is that a case can be made that the economy is in a recovery (or expansion), recession, or depression. This observation is supported by a number of factors, including that of a Gallup poll released yesterday. The poll is titled “More Than Half Still Say … Read moreRecovery, Recession, Or Depression?
One year ago, Ben Bernanke presented a speech titled “Economic Policy: Lessons from History.” I view this speech as highly noteworthy – epochal, even – especially in relation to the efforts made to “bring the economy back” from the depths of the Financial Crisis. Here are some excerpts that I find particularly relevant: “I draw … Read moreA Look Back – Bernanke’s “Lessons from History” Speech
In March of 2009 I wrote an article titled “A S&P500 Target of 100?” I am sure that the mere idea of such a target seems impossible to many. However, for a variety of reasons, many indicated in the aforementioned article, I believe that such a target is not only possible but increasing in likelihood. … Read more“A S&P500 Target Of 100?” Revisited
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 … Read moreIs This A Depression?
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