Tag Archives: recession

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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Gentrified Urban America Will Be Hit Hard by the Recession

A number of macro dynamics have set up gentrified urban America for a big fall in the coming recession. What does gentrified mean? Gentrified means only the gentry (top 10%) can afford to enjoy the urban amenities as commercial rents and … Continue reading

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