As the prospect of life in recession-struck Britain becomes far less lucrative, the number of Eastern European migrants moving to the UK has dropped by over 40%.
Over the past two months we've explained why we think a great depression is on the cards. We are not 'doom-and-gloomers' who relish the prospect of an economic debacle; in fact, we very much hope that our depression prediction proves to be way off the mark. Our analysis of the economic situation is...
"It's different this time" is perhaps one of the most dangerous utterances in the history of investing—one that seems to routinely presage a major reversal in market direction.
In contrast with a depression, a recession is relatively easy to bring to an end. The genesis of a recession is caused by excessive credit creation on the part of banks and the Fed. The superfluous money drives prices higher and the rate of inflation begins to increase at a pace that makes the Fed uncomfortable.
Japan’s economy contracted at its quickest pace in 35 years and G7 finance ministers warned the global slump will drag on through 2009. Europe’s services and manufacturing also shrank at record pace while Eastern Europe, once among the world’s fastest growing region, is staring at a severe economic shakeout.
If correct policy decisions are not taken we may be heading into the next Great Depression. Government should focus on making it easier for good businesses to succeed and grow rather than propping up and bailing out badly managed businesses.
We can't over-emphasise that the Great Depression did not become "great" due to the economic problems signaled by the 1929 stock market crash, but, instead, due to government policies undertaken to counteract the economic problems. The policy errors...
I’ve been travelling around in California recently and have been glad to see that I’m not alone and neither are you. Of course, I’m talking about the fiscal struggles that we have all no doubt incurred: from houses for rent on ski slopes to those in santa monica beach to the rib and steak houses you find in south eastern California. For the rest, see http://fiscalfrenzy.com/
