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Debt, demand and depression

Debt, demand and depression | money money money | Scoop.it
In the last few weeks, global stock and bond markets have been rallying after a period of sharp falls.  The reason is clear. The US Federal Reserve monetary policy chiefs have been talking down the...
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Documentary on Economic Crisis in Greece and Europe

Feb. 12 (Bloomberg) -- At the heart of the European debt crisis is the euro, the currency that tied together 18 countries in an intimate manner. So when one .
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This Recession Is Really A Depression -Ron Paul

The Great Recession (also referred to as the Lesser Depression, the Long Recession,[3] or the global recession of 2009) is a marked global economic decline .
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Guess What Happened The Last Time The Price Of Oil Crashed Like This?

Guess What Happened The Last Time The Price Of Oil Crashed Like This? | money money money | Scoop.it
When the price of oil falls dramatically, that is a sign that economic activity is slowing down. It can also have a tremendously destabilizing effect on financial markets. As you will read about ...
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The Zombie System: How Capitalism Has Gone Off the Rails - SPIEGEL ONLINE

The Zombie System: How Capitalism Has Gone Off the Rails - SPIEGEL ONLINE | money money money | Scoop.it
Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself?
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C. Peter McColough Series: After the Financial Crisis--Is the World Economy Now Safe?

Martin Wolf, chief economics commentator of the Financial Times, discusses the state of the world economy following the financial crisis.

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Eurozone in crisis: Germany could enter third recession in six years - Telegraph.co.uk

Eurozone in crisis: Germany could enter third recession in six years - Telegraph.co.uk | money money money | Scoop.it
Key indicators of the German economy suggest that it could now enter a technical recession, as data show the euro area's factories are producing far less than analysts anticipated.
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Why the great recession is now a depression

Why the great recession is now a depression | money money money | Scoop.it
First it was the 2007 financial crisis. Then it became the 2008 financial crisis. Next it was the downturn of 2008-2009.
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How Did the Financial Crisis Affect the U.S. Economy, Debt, Stock Market (2009)

In the U.S., persistent high unemployment remains as of December 2012, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an increasing federal debt, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, although economic data show a historically modest recovery. This could be because both private and public levels of debt are at historic highs in the U.S. and in many other countries.

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Global Financial Meltdown - One Of The Best Financial Crisis Documentary Films - YouTube

Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929.

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Draghi cuts rates as Europe slips back into recession | Modern Vedic Astrology

Draghi cuts rates as Europe slips back into recession | Modern Vedic Astrology | money money money | Scoop.it

The ECB interest rate cut helped to boost stocks last week as investors cheered the inflow of liquidity.  The Dow was up marginally closing at 17,137 while the Sensex added 400 points finishing at 27,026. I had been somewhat neutral last week given the mix of planetary influences in play.  We did get some modest gains in the first half of the week on the respective Venus and Jupiter influences.  And the entry of Mars into sidereal Scorpio on Thursday did correlate with declines in many global markets that day.  

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Breaking news on Greece financial crisis

Breaking news on Greece financial crisis | money money money | Scoop.it
Greece expects its economy to grow next year, the first annual improvement after six years of brutal contraction.

Greece's economy has shrunk by about a quarter since 2008, when it was hurt by the global financial crisis.
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Is the recession over? These figures don't tell the whole story

Is the recession over? These figures don't tell the whole story | money money money | Scoop.it

According to the media, the great recession that began in 2008 is now over: the UK economy is supposed to have returned to the levels it reached that year. The National Institute of Economic and Social Research (NIESR) has revised its GDP growth predictions for 2014 upwards from 2.5% to 2.9%, and said that the economy will reach its pre-recession peak in a few months. Predictions also show that unemployment will fall close to 6% by 2015 and inflation will remain close to its 2% target. The director of the NIESR, Jonathan Portes, has claimed that it is "important symbolically that the economy is, or will very shortly be, bigger than it was in 2008".

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Economic Collapse Is Gathering Speed – Economic/Monetary ...

Economic Collapse Is Gathering Speed – Economic/Monetary ... | money money money | Scoop.it
Creative ways for people to purchase cars they can't afford have been on my radar screen for some time now, and if you recall, I posted an article last April titled: Just Keep Dancing: Introducing the 97-Month Auto Loan.
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Europe May Be in the Calm Before the Storm

Europe May Be in the Calm Before the Storm | money money money | Scoop.it

Austrian business cycle theory explains that the “bust” phase of that cycle is created by extension of the cheap and plentiful credit by a fractional reserve banking (FRB) system. A FRB system is inherently fragile during the bust phase as its leverage (lending as a percentage of its own capital) exposes the banks to the emerging tsunami of non-performing loans and impaired collateral that are the manifestations of malinvestment.

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The Global Economic Crisis, The Great Depression of the XXI Century.

The Global Economic Crisis, The Great Depression of  the XXI Century. | money money money | Scoop.it
In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people.
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Light at the end of the tunnel

Light at the end of the tunnel | money money money | Scoop.it
A long recession may be coming to a close in the Eurozone, but growth remains less than spectacular. What are the risks to this fragile recovery?
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Steve Keen Why the crisis is not over

Steve Keen Why the crisis is not over | money money money | Scoop.it

Most post-World War II recessions have lasted less than a year; this crisis has been going on for five. The preferred cure of austerity seems to be making it worse. To understand where it came from, why it hasn’t gone away, and what might work to end it, you have to understand the dynamics of private debt. Steve Keen’s models, inspired by Hyman Minsky’s ‘Financial Instability Hypothesis’, anticipated the crisis and explain why it won’t go away until private debt levels are drastically reduced. Steve Keen was one of the handful of economists to realize that a serious economic crisis was imminent, and to publicly warn of it from as early as December 2005.

 

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How to Avoid Europe's Next Economic Crisis - Bloomberg

How to Avoid Europe's Next Economic Crisis - Bloomberg | money money money | Scoop.it


Recent stirrings of optimism about Europe's economy have been interrupted: New jobs figures and signs of a slide into deflation have ended some very premature celebrations.

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The euro zone's next big crisis: Deflation - MarketWatch

The euro zone's next big crisis: Deflation - MarketWatch | money money money | Scoop.it


LONDON (MarketWatch) — What is the biggest danger to the euro (ICAP:EURUSD) zone right now? A fresh banking crisis? The end of quantitative easing in the U.S.?

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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation