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Bloom of Doom VIII: US Figures Stronger than Feared

If you think the title is a contradiction, well, not more so than the idea that debt or subsidies could increase wealth. Where truth can’t win by argument it needs to do so by stealth (that almost rhymes). The President of the United States has published a report on the state of the economy which proves how uneconomical the state has become. From that report you can glean two things, the bad and the ugly: the US economy has greatly deteriorated further and it seems beyond the point of no return.
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Economic Fallacy IV: Buyers’ Strike during Deflation?

2010-03-21 2 comments

If buyers don’t buy during a period of deflation why would sellers sell during periods of inflation? Read more…

Bloom of Doom I: British Economy Creeps Out of Recession?

In today’s Wall Street Journal online in an article titled “British Economy Creeps Out of Recession” we read:

“The Office for National Statistics said Tuesday that gross domestic product in the three months to Dec. 31 [2009] increased 0.1% compared with the third quarter. Compared with a year earlier, GDP fell 3.2%. … For the whole of 2009, the economy contracted 4.8%—its biggest output fall on record.” (Emphasis CrisisMaven) Read more…

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