Tag: great depressionSort
President Barack Obama delivers his State of the Union address this evening with the hard pivot to the economy, jobs and financial reform on full display with a focus on tax credits for small business ... House Committee on Oversight and Government Reform holds much hyped hearing on federal efforts to bail out AIG with Treasury Secretary Timothy Geithner today.
How Far Will Stocks Fall in the "Greater Depression"?
Therefore, in order for this to be considered the Greater Depression, a higher percentage of workers will have to be unemployed compared to the 1930s. It would mean that 33% of all workers will be jobless and possibly 45% of all nonfarm workers won’t have a job. This is a very unlikely situation because so many things have changed since the Great Depression to offer greater economic stability.
Seasoned observers of the global stage, such as fund manager Mohamed El Erian, believe that the financial crisis precipitated a global sea change that will transform the West toward a ‘new normal.’ The new normal that El Erian has in mind won’t be pleasant, however, as it implies an Age of Austerity in which Main Street pulls in its horns and downshifts from its fervid spending spree to a mu
U.S. Bank 'Stress Test' Results on Tap, Implications Could Be Devastating
The Federal Reserve is schedule to release the results of the bank ‘stress test’ next week as the Obama Administration aims to restore financial stability in the world’s largest economy however, as the International Monetary Fund forecasts global write-downs budding from the worst financial crisis since the Great Depression to exceed $4 trillion in 2010, uncertainties emerging from the outco
The list of bank failures grew this weekend to 29 Bank failures for the year of 2009. What is alarming is that we are only 4 months into the year and we have surpassed all of 2008 bank failures ( 25 Bank failures). How does this bode for the rest of the year? How does this connect to the stress tests on the largest 19 banks? How solvent or insolvent are these leading banks?
Stock Market Corrections Are Beautiful--- And Necessary
The quality of the rules is only as good as the person who enforce them. Once the market goes on a bull run, it is like a locomotive travelling at top speed, whoever stands in the way gets flattened. It is hard to imagine a super-regulator having enough gumption to gatecrash the party and risk incurring the wrath of Wall Street.