More Depression Circa 2009 in the Mainstream Media
Kansas City Star:
Recession or depression? There’s a case for both
As the nation struggles to name our ongoing economic pain, we may be settling on The Great Recession...
All expectations are for April Fools’ Day to mark the longest recessionary period since the Great Depression. For now, though, we don’t know for sure if we’re in a depression, headed for a depression, or simply in the longest, deepest recession since the 1930s...
The Tampa Tribune:
Maybe It Is A Depression
The total number of jobs in Florida is down 355,700 in January compared to one year ago, according to state statistics. More than 100,000 of those lost jobs were in the construction industry...
Rebecca Rust, an economist with the workforce agency, told Russ and others during a conference call Friday morning that a recovery could begin taking shape by the second quarter of 2010.
To Olivier Garret, an economist and chief executive officer at Casey Research, such a prediction is overly optimistic...
Daily Finance (AOL):
Unemployment soars to 8.1 percent as talk of depression grows
The U.S. large job losses over the past six months have raised questions concerning whether the economy is entering a second Great Depression. Will a second Great Depression -- economists usually define a depression as a one-year decline in U.S. GDP of 10% or more -- occur? No economist one can predict that with any reliability, but it is safe to predict that if the U.S. economy continues to lose 500,000 jobs a month, it will be ina depression...
Bloomberg:
Corporate Borrowing Costs Surge on Depression Scare
Corporate borrowing costs surged to a record in Europe on concern the credit crisis will deepen into a global depression.
Investors are demanding the highest yields relative to government debt to buy European investment-grade corporate bonds. The spread widened 20 basis points to 442 basis points this week, beating the previous record of 438 basis points on Dec. 26, according to Merrill Lynch & Co. data.
“Investors are scared that a 1930s style depression is no longer a mere tail-end risk,” said Georg Grodzki, head of credit research at Legal & General Group Plc, which manages more than 110 billion pounds ($156 billion) of assets. “It is easy to see why even some real-money investors are running for the exit because of waning confidence in the effectiveness of the measures being taken.”
Recession or depression? There’s a case for both
As the nation struggles to name our ongoing economic pain, we may be settling on The Great Recession...
All expectations are for April Fools’ Day to mark the longest recessionary period since the Great Depression. For now, though, we don’t know for sure if we’re in a depression, headed for a depression, or simply in the longest, deepest recession since the 1930s...
The Tampa Tribune:
Maybe It Is A Depression
The total number of jobs in Florida is down 355,700 in January compared to one year ago, according to state statistics. More than 100,000 of those lost jobs were in the construction industry...
Rebecca Rust, an economist with the workforce agency, told Russ and others during a conference call Friday morning that a recovery could begin taking shape by the second quarter of 2010.
To Olivier Garret, an economist and chief executive officer at Casey Research, such a prediction is overly optimistic...
Daily Finance (AOL):
Unemployment soars to 8.1 percent as talk of depression grows
The U.S. large job losses over the past six months have raised questions concerning whether the economy is entering a second Great Depression. Will a second Great Depression -- economists usually define a depression as a one-year decline in U.S. GDP of 10% or more -- occur? No economist one can predict that with any reliability, but it is safe to predict that if the U.S. economy continues to lose 500,000 jobs a month, it will be ina depression...
Bloomberg:
Corporate Borrowing Costs Surge on Depression Scare
Corporate borrowing costs surged to a record in Europe on concern the credit crisis will deepen into a global depression.
Investors are demanding the highest yields relative to government debt to buy European investment-grade corporate bonds. The spread widened 20 basis points to 442 basis points this week, beating the previous record of 438 basis points on Dec. 26, according to Merrill Lynch & Co. data.
“Investors are scared that a 1930s style depression is no longer a mere tail-end risk,” said Georg Grodzki, head of credit research at Legal & General Group Plc, which manages more than 110 billion pounds ($156 billion) of assets. “It is easy to see why even some real-money investors are running for the exit because of waning confidence in the effectiveness of the measures being taken.”