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July 2010

AP: Bleak outlook for economy into 2011

The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists. The latest quarterly AP Economy Survey shows economists have turned gloomier in the past three months. They foresee weaker growth and higher unemployment [...]

The Obama Depression

It’s hard to know what to call the depression we’re now entering, because the term “Great Depression” has already been used to describe The One that was drawn out into America’s lost decade during the 30′s. Perhaps the Greatest Depression? The only problem I have with that is that it doesn’t leave room for an [...]