Greece is about the leave the Eurozone

The Greek government is limited in its abilities to use fiscal policy to stimulate its economy because Greece is attached to the euro. Germany governs how and when an expansion of the euro will take place, and the Germans are mostly worried about inflation, which is not a problem that Greece has. Attachment to the [...]

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Austerity as an Economic Policy Drives England into a Double Dip Recession

England has moved into a double-dip recession thanks to government budget cutting during a time of economic weakness, owing to the redistribution of income from working people to the one percent over the last thirty years. In other words, the corporate economic system of England may no longer be able to stand on its own. [...]

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The First Sign of a Recession Appears

New orders for durable goods fell 4.2 percent last month. Orders have dropped two out of the last three months. When the orders for durable goods drops, it can herald the beginning of the end of whatever business expansion we’re in. It’s the scary canary in the economic coal mine. However, falling orders for durable [...]

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Is Europe on the Verge of Depression?

A few European governments tried to cut back on spending during the greatest economic crisis since the Great Depression. Now look at them. Europe is on the verge of another recession, and the entire Eurozone may crack up. There’s a ton of reasons why. One of them is that Italy, for example, redistributed income and [...]

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Can Congress and the euro could derail the so-called US economic recovery?

President Obama has been lucky the weak American economy hasn’t gone back into recession, at least not so far. Under Obama’s watch, the economy has even managed to create jobs, although at a pace that any previous business expansion beats, except for the dismal record of George W. Bush. But can the so-called business recovery [...]

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Insight: US Economic Recovery at risk as Americans raid savings

(Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery. Click here for the complete story

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Five Myths About President Obama’s Economic Recovery

There are a ton of myths about our economic recovery. One of the most obvious is that the economy is recovering from the recession that hit back in December 2007. It supposedly ended eighteen months later. But this is not a recovery because we are in a Great Depression. More on that later. However, below [...]

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Is China heading for recession?

China’s move this week to keep its economy afloat isn’t generating the big headlines that Europe’s actions got, but is no less important in keeping the world’s economic engine churning. While coordinated action by the world’s other central banks to enhance liquidity for Europe’s banks stole the focus Wednesday, China’s decision to cut reserve requirements [...]

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Obama Inherited Our Economic Problems

By BILL KELLER Published: September 18, 2011 Just a few winters ago my wife and I took our daughters to witness the inauguration of a man who had campaigned on hope and embodied possibility. We are pretty immune to political euphoria, but, circulating among the footsore pilgrims, we could imagine our country had embraced the [...]

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High US Debt is Caused by the Recession and Low Tax Rates for the Rich

FACT CHECK: Recession Is Culprit in High US Debt By THE ASSOCIATED PRESS Published: August 20, 2011 at 3:33 AM ET * Sign In to E-Mail * Print WASHINGTON (AP) — It’s the loud and clear consensus of Republicans in Congress and on the presidential campaign trail: Runaway government spending is the problem, not taxes. [...]

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