seattlepi.nwsource.com - 11/30/2008
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I grant you I have yet to see former wealthy men selling apples on the street corner as I did during the Great Depression in the early 1930s but the current uncertainty is cause for worry.
online.wsj.com - 11/29/2008
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online.wsj.com —
Paul Krugman of the New York Times has
been on the attack lately in regard to the...
New Deal. His new book "The Return of Depression Economics," emphasizes the importance of New Deal-style spending. He has said the trouble with the New Deal was that it ...
(more)
The Krugman Recipe for Depression
robertreich.blogspot.com - 12/5/2008
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robertreich.blogspot.com —
Today's employment report, showing that employers cut 533,000
jobs in November, 320,000 in October, and 403,000 in...
September -- for a total of over 1.2 million over the last three months -- begs the question of whether the meltdown we're experiencing ...
(more)
Shall We Call it a Depression Now?
tomdispatch.com - 12/3/2008
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tomdispatch.com —
If you want to catch something of the
fears and hopes of Americans right now, go to...
News.Google.com and try searching for a few words. For instance, put in "FDR" -- the well-known initials of the man who was president four times and took America ...
(more)
Tomgram: Steve Fraser, Empire of Depression
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The First Step Is To Admit You’ve Got A Problem by Anthony McCarthy
ECHIDNE OF THE SNAKES —
Maybe because of her long service on behalf of us as the first questioner at press conferences, Helen Thomas has take the bold step of using the dreaded “D” word. We are in a depression. The word itself is forbidden, using it is believed will make things worse. Well, when your economic prosperity was largely a matter of sustaining a fantasy life, determinedly ignoring the reality of the destroyed environment and enslavement of unseen people, the temptation is to keep up the pretense. I’ve said here recently that I believe people are always tempted ...
You'd Be Depresed If You Also Looked Like This
JammieWearingFool —
JammieWearingFool Sunday, November 30, 2008 You'd Be Depresed If You Also Looked Like This [image] This cranky old fart has declared we're now in a Depression . Hey, she's quoting Paul Krugman, so it must be true. Labels: Helen Thomas posted by JammieWearingFool @ 11:55 AM Digg! | links to this post [image] [image] Digg! | Links to this post: See links to this post "> ">$BlogBacklinkURL$>" rel="nofollow"> "> ">$BlogBacklinkTitle$> posted by ...
Guess What? We’ve Been in a Recession for a Year.
Comments from Left Field —
Anyone who has the capacity to see beyond their own nose has known this for a long time now. In fact, for a lot of Americans, the recession has been a reality for quite a bit longer than a year.
Kevin Drum called it last February (h/t James Joyner). Larry Kudlow (supposed expert on economic issues) blew it.
Helen Thomas thinks it’s a depression (and she lived through the last one).
Obligatory Saturday Failed Bank (Because They're Too Chickenshit To Announce This News During The Workweek) Post
BlondeSense —
... $197.4 million in deposits, was shut by the Georgia Department of Banking and Finance yesterday and the Federal Deposit Insurance Corp. was named receiver. United Bank of Zebulon, Georgia, will assume First Georgia’s deposits and open the failed bank’s offices today as United branches, the FDIC said. Yup, too chickenshit they are; people seeing stuff like this might think there's a depression goin' on. There is of course, at least according to some folks like Helen Thomas over at the Seattle Post-Intelligencer , who back in November wrote, "Few prominent economists will say ...
Related Content
How is this depression different than the Great Depression?
themoderatevoice.com 3/6/2009 — There, I said it. We are in a depression. Not a recession but a depression. We haven’t yet hit the textbook definition of a “depression”: a fall of GDP by 10% over three years along with a 10% unemployment rate. But we are fast approaching the official definition.
And ...
What Is Non-Depression Economics?
tpmcafe.talkingpointsmemo.com 12/18/2008 — This discussion has so far one major lack: it does not tell us what "depression economics" is supposed to replace--it does not tell us what non-depression economics is, or was.
So let me try my hand at a definition of non-depression economics.
...
Will v. Krugman on the Depression
yglesias.thinkprogress.org 11/21/2008 — Nice work as the Nobel Prize winning economist takes on the conservative columnist. Will argues that New Deal policies made the Depression worse. Krugman retorts that the New Deal was working nicely until FDR’s concern with balanced budgets and ...
Depression Lust, and Depression Porn
dynamist.com 12/5/2008 — If anyone should fear a Depression, it should be journalists, who are already the equivalent of 1980s steelworkers. But instead, they seem positively giddy with anticipation at the prospect of a return to '30s-style hardship--without, of course, the ...
What's A Depression?
politics.theatlantic.com 2/9/2009 — I asked an administration official for a definition. A 5% decline in real GDP over the course of a year? Persistent unemployment, with rates above 10%? The question was meant to provoke a deeper thought, which is that the D word, as it descends upon ...
Krugman: The Great Depression Redux
angrybear.blogspot.com 1/5/2009 — Krugman correctly lays out the problem: We are facing the second Great Depression. Agreed again that simple monetary policy is not enough. Agreed also that a stimulus package is certainly needed; otherwise the domino effect of shrinking businesses ...
Depression 2009: What would it look like?
boston.com 11/18/2008 — OVER THE PAST few months, Americans have been hearing the word "depression" with unfamiliar and alarming regularity. The financial crisis tearing through Wall Street is routinely described as the worst since the Great Depression, and the recession ...
Getting Through the Coming Depression
apj.us 11/19/2008 — From crisispapers.org (http://www.crisispapers.org): Recession doesn't even begin to describe where the U.S. and global economies are going. Bernie Weiner exlains why we have to recognize that likelihood and take steps now to build the social infrastructure that will help carry us all through ...
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