In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘green shoots’

Green Shoots or Scorched Earth?

Posted by smeddum on August 15, 2009

Green Shoots or Scorched Earth?

Bulletins From Clunkerville

By Mike Whitney

August 14, 2009
IHC
Is the economy really recovering or is it all just hype?

Here’s what we know. The Fed doesn’t drop rates to zero unless its facing a 5 alarm fire and needs to pull out all the stops. The idea is to flood the markets with liquidity in order to avoid a complete financial meltdown. It’s a last-ditch maneuver and the Fed does not take it lightly. Read the rest of this entry »

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Statistical Deceptions How Fake is the “Recovery”?

Posted by seumasach on July 30, 2009

Paul Craig Roberts

Counterpunch

30th July, 2009

Last week on NPR a professor in the Sloan School of Management at MIT explained that what is really at stake in the health care bill is the US government’s ability to borrow. In other words, the bill is about cutting health care costs, not about providing hard-pressed Americans with health care.

Read the rest of this entry »

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False Dawn: Trampled Green Shoots

Posted by smeddum on May 15, 2009

Trampled Green Shoots  

By: Jim Willie CB, GoldenJackass.com

 
— Posted Thursday, 14 May 2009 | Source: GoldSeek.com   

The so-called ‘Green Shoots’ have been trampled by people walking to their Unemployment Insurance Offices to collect jobless claims in order to pay their bills. The so-called ‘Green Shoots’ have been trampled been people walking (or running) away from their homes as they are being foreclosed. The so-called ‘Green Shoots’ will continue to suffer from most water and nutrients heading to the Elite Gardens, diverted from those on Main Street. The so-called ‘Green Shoots’ have been killed off by a stubborn frost from the USEconomy. A prevailing sentiment and motivation has sadly and perversely entered into the public and financial sectors, with clear deceptive intention. The stretch of the data, the desperate misinterpretation the data, the false facade painted atop a USEconomy, such deceptions cannot stand even the most gentle taste tests and sanity checks. Then again, Wall Street and the USGovt (victim of the financial Coup d’Etat) must promote a positive sentiment in order to reinvigorate confidence. After all, the USDollar-based system depends upon trust and confidence, since no gold backs the financial foundation and debt permeates every crevice. Heck, not even much industry backs the USEconomy, the famed financially engineered miracle gone awry. The principal characteristic of a body that is bankrupt, deeply mired in debt, and must sustain itself by selling debt securities to foreigners is deception. One must struggle mightily to find much of any honesty in USGovt finance or US bank system accounting, economic statistics, or establishment of future prospects. Read the rest of this entry »

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