Tag Archives: recession

Credit Exhaustion Is Global

The signs are everywhere: credit exhaustion is global, and that means the global growth story is over: revenues and profits are all sliding as lending dries up and defaults pile up. What is credit exhaustion? Qualified buyers don’t want to … Continue reading

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What Happens When More QE Fails to Reverse the Recession?

The Federal Reserve’s sudden return to “accommodative” dovishness in response to the stock market’s swoon telegraphs its intent to fire up QE once the recession kicks into gear. QE (quantitative easing) are monetary policies designed to ease borrowing and the issuance … Continue reading

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What Caused the Recession of 2019-2021?

As I discussed in We’re Overdue for a Sell-Everything/No-Fed-Rescue Recession, recessions have a proximate cause and a structural cause. The proximate cause is often a spike in energy costs (1973, 1990) or a financial crisis triggered by excesses of speculation and debt … Continue reading

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Telltale Signs of Recession

Though every recession is unique, all recessions manifest in similar ways in the real economy. By real economy, I mean the on-the-ground economy we observe with our own eyes, as opposed to the abstract statistical model reflected in official declarations of when … Continue reading

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A Recession Survival Guide

We know that after 10 years of expansion, a recession is baked in. Trees don’t grow to the moon, etc. We also know that some people will hardly notice the recession while others are devastated. I addressed this in The Recession Will Be … Continue reading

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