recession

Sean Rosenthal destroys Keynesian economist Paul Krugman

Sean Rosenthal dismantles Keynesian economist Paul Krugman's ridiculous comments regarding the British 'austerity' measures.

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San Jose's $100,000 pension club is rapidly growing

Posted December 4th, 2011 by EtotheRic
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With San Jose leaders locked in a heated debate over how to curb retirement costs, an analysis by this newspaper shows a startling jump in six-figure pensions for retired cops, firefighters and top City Hall bureaucrats.
Nearly 1 in 3 retired San Jose police officers and firefighters now receive annual pensions of $100,000 or more -- up from 1 in 5 just two years ago, according to newly released records.

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Topeka to Stop Prosecuting Domestic Violence

In the face of budget cuts, Topeka county courts have stopped hearing marijuana possession and distribution cases. Oh, no, wait. They've stopped hearing domestic violence cases and are pondering repealing the domestic violence law entirely. TO SERVE AND PROTECT!

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“It’s Going to Get a Lot Worse”: New Recession Unavoidable

Posted October 1st, 2011 by PC Harris
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Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.

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Bernanke: There Is No Inflation (and If There Were, We Could Stop It)

Posted April 6th, 2011 by EternityAblaze
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If you want to drive a rational economic-type of person crazy, simply mimic Fed Chairman Ben Bernanke's willful refusal to acknowledge seemingly obvious inflationary trends.

You can start by quoting Dr. Bernanke's observations on the ramp in commodity prices, made Monday night:

"I think the increase will be transitory, that it will pass, and we will go back to a level of inflation that is consistent with our price stability mandate."

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"The worst is yet to come" - the guys who predicted the current crisis

Posted September 3rd, 2010 by Grey
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From the guys (Peter Schiff et al) who were mocked and predicted the current financial crisis, comes new revelations that the worst is yet to come; the biggest bubble of all is about to burst: The Bailout Bubble.
Check out this short but pretty powerful documentary that touches on why we're not of the crisis, but why things are probably going to get worse before they get better.

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An Economy On Life Support Is Not Recovering

Posted August 26th, 2010 by darrenlobo
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With the economy apparently souring further without having recovered from the current recession a look at two articles written in January of 2009 on the subject seems timely. This article and Recovery Depends on Investment and Capital Accumulation were originally published at the Nolan Chart.

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California's Last auto Plant Shuts its Doors

Posted April 2nd, 2010 by Renniks
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The plant made Toyota Tacoma trucks and Corolla sedans. The last Tacoma rolled off the assembly lines last week, and Corolla production ended Thursday.

State officials are pursuing federal grants to help those impacted by the closure.

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OK City to Force Residents Who Don't Use City Water to Pay Anyway.

Posted March 17th, 2010 by Renniks
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MCLOUD, OK -- Several residents in McLoud are upset after the city announced a $17 water bill for residents who use a well. According to City Manager Larry Dillon, the small fee will help pay for emergency services such as police officers and fire fighters. Because of an old city ordinance, rural residents with in 100-yards of a water line didn't have to pay for those services; but because of a struggling economy, every dollar counts.

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62% Americans enjoy saving over spending, 35% prefer otherwise

Posted February 28th, 2010 by renegade
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The recession and financial crisis have resulted in a significant change in the way many Americans feel about spending and saving. Six in 10 Americans (62%) now say they more enjoy saving than spending -- while 35% say the reverse.

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