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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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CrisisMaven’s Blog News 2010-03-07: Over 25,000 Webpage Views!

2010-04-07 4 comments

Yesterday around 16:37 GMT we passed the 25,000 threshold … Read more…

Blogs and Web Sites you may want to follow

The following is a list of blogs and websites that CrisisMaven has followed and observed over the last few months and that readers may want to check out from time to time.
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Bloom of Doom VII: The Borrower of last Resort

Not so very long ago the idea had firmly taken root that the Fed was the “lender of the last resort”, meaning that if no one else would lend to banks, the Fed would, thus preventing bank runs. Now it always struck CrisisMaven as odd that banks under any circumstance should be so little creditworthy that they couldn’t get credit. After all, aren’t banks the “eponym” of creditworthy, so to speak? But that the Fed one day would need to borrow from these banks no one else would lend to is an irony of fate we need to chew on a little to fathom all its dire implications.

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Bloom of Doom VI: Will China Survive the Crisis?

China. like Japan in the late seventies and 1980s, has been dubbed an economic miracle. What if, like totally bankrupt Japan, this giant just stood on feet of clay, a zombie, a dead man walking? Are any of its statistics to be trusted? Or do we see just another Samuelson fallacy about the resilience and “productivity” of communism? Read more…

CrisisMaven’s Blog News 2010-02-12: List of Data Visualisation Sources

The promised List of Data Visualisation Sources is now online.

>>>> Check it out here! <<<<

Other sorted lists by subject will follow in due course. Read more…

Bloom of Doom V: “We have control of the ship, we have a plan”

We have control of the ship, we have a plan” is what Spain’s deputy premier María Teresa Fernández de la Vega is meant to have said in response to mounting fears of sovereign default.

The ECONOMIST: Adding in the deficit  - Debt traps revisited

The ECONOMIST: Adding in the deficit - Debt traps revisited

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