Nouriel Roubini, the economist who says we are facing a long period of stagnation and deflation, cites many reasons why consumers won’t be spending in the next few months (excerpt): The US consumer is debt burdened with the debt to disposable income having increased from 70% in the early 1990s to 100% in 2000 and [...]
Posts Tagged ‘recession’
Roubini: reasons why consumers won't be spending anytime soon
Posted: 23 November 2008 in Current eventsTags: credit crunch, recession
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Five ways to survive the recession: travel, meditate, do yoga
Posted: 17 October 2008 in Solitude, Silence, Serenity, StillnessTags: buddhism, credit crisis, meditation, recession, yoga
Since economists are predicting a severe recession and people think there’s going to be one, we will probably have one. That means a lot of people will lose their jobs, businesses will close down, consultants have no gigs. But you don’t need to get depressed or panic. There are other ways to deal with the [...]
Credit crisis not just a Wall Street problem: people are not shopping or eating out
Posted: 1 October 2008 in Current eventsTags: credit crisis, recession
Anyone who thinks this is a Wall Street problem is delusional. Check out the latest statistics on September auto sales: Ford -34%, Toyota -32%, Volvo -52%, Honda -24%. For more, read this post: http://bigpicture.typepad.com/comments/2008/10/auto-sales-tank.html I am in Amsterdam right now and I have never seen it this quiet. Where are all the tourists? Usually in [...]
[Money, money, money] The European dollar; Bernanke plans huge rate cut
Posted: 11 January 2008 in Current eventsTags: bernanke, bubble, dollar, europe, recession, spain
From the Wall Street Journal: In a sign that the U.S. economic malaise is spreading to Britain, the pound is fast becoming one of the world’s least-loved currencies. Investors have taken such a dislike to the pound in recent weeks that it’s starting to live up to its nickname among currency traders: the European dollar. [...]
Merrill Lynch, a US investment bank, says that the US is already in a recession. The signs: a weak job market and declining retail sales. But some people aren’t convinced.
