Recession



Some interesting Burning Man statistics from Lisa Schmeiser’s blog on SFGate: I was looking at the fantastic infographic “This is Burning Man,” which charts all sorts of data related to the shindig…



Matt Taibbi says it depends on whether you’re standing on Wall Street or Main Street, on his blog at Rolling Stone: “Everyone agrees that the recession is over.” – Larry Summers, director…





1265176575829From Nick P. at Black Sun Gazette:

I don’t know if you’ve looked at the news lately, but apparently we’re in some kind of economic recovery. You’d probably have to be reading the news to know about it, because no one that I know is experiencing the effects, and economic indicators that affect people without stock portfolios don’t seem to indicate that anything is getting better. To anyone paying attention, we’re in far more danger of total economic collapse than we were two years ago.


Paul B. Farrell sounds the alarm for the day of reckoning that all of us debtors know is coming, in Marketwatch:

Retire? You can fuggetaboutit if the new Global Debt Time Bomb is detonated by any one of 20 made-in-America trigger mechanisms.

Yes, 20. And yes, any one can destroy your retirement because all 20 are inexorably linked, a house-of-cards, a circular firing squad destined to self-destruct, triggering the third great Wall Street meltdown of the 21st century, igniting the Great Depression II that George W. Bush, Ben Bernanke, Henry Paulson and now President Obama have simply delayed with their endless knee-jerk, debt-laden wars, stimulus bonanzas and bailouts.

Wow, what an epic Hollywood blockbuster this will make: You know the drama, can’t miss the warnings. The financial press is flooding us with plot lines … a Forbes cover story focuses on a “Global Debt Bomb: How It Could Wreck Your Life” … Leaders at the World Economic Forum on Swiss Mt. Davos fear another global meltdown will trigger mass rebellions … The Economist calls the plot a “Global Asset Bubble,” with cheap money fast driving up asset prices…







A new PARADE survey shows just how dramatically Americans’ dreams and relationships have been transformed by the current economic crisis: Nearly four out of five respondents (79%) say that they’ve felt the…