U.S. Retail Sales Weaken Further

It's a potential first sign that the greatly advertised ECRI recession 2012 call in the US may actually have something to it, retail sales have been on a marked weakening trend throughout January, this after official figures showed December to be far less robust than anecdotal surveys were initially suggesting.

Back ( Read more... )

Japan, those lucky ducks, may have gotten off easy compared to what the U.S. & Europe may actually be going through.

CNBC
Japan's Lost Decade: Still a Risk for US Economy

As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several ( Read more... )

Mark Zandi of Moody's Economy.com speaking to CNBC, stated "I think we're right on the edge," said Mark Zandi of Moody's Economy.com. "I think confidence is extraordinarily fragile, and consumer and businesses are frozen in place. The numbers going into Q3 are tracking less than 1 percent. It's still early but the debt ceiling drama, the S&P ( Read more... )

Recession 2.0 would hurt worse
By Chris Isidore @ CNNMoney August 10, 2011
NEW YORK (CNNMoney) -- The risk of double dip recession is rising.
And while economists disagree on just how likely the U.S. economy is to fall into another downturn, they generally agree on one thing -- a new recession would be worse than the last and very difficult to pull ( Read more... )

NPR
Concern Grows Over Possible 'Double Dip' Recession

There are growing concerns that the economic recovery is fading and the U.S. could slide back into recession - the so-called double dip. Recent economic data suggest the housing market is already doing just that.

Investors and economists are worried. They're hoping that ( Read more... )

John McCain's 2008 Presidential Campaign Economic Adviser, Marc Zandi, sees a Growth Recession, and a one-in-three chance of outright full-on Double Dip Recession, ahead for us.

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*From Economy.com


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From Center for Economic and Policy ResearchBy Dean Baker ( Read more... )

New York Times
In Study, 2 Economists Say Intervention Helped Avert a 2nd Depression

WASHINGTON - Like a mantra, officials from both the Bush and Obama administrations have trumpeted how the government’s sweeping interventions to prop up the economy since 2008 helped avert a second Depression.

Now, two leading economists wielding complex ( Read more... )

Wealthy Reduce Buying in a Blow to the Recovery
July 16, 2010 ( Read more... )