Tag Archives: Stimulus

  • Blog

    Martenson Report Ready – Oil Shock III

    by Chris Martenson

    Sunday, April 5, 2009, 10:41 PM

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    A new Martenson Report is ready for subscribers.


    Link:
    Oil – The Coming Supply Crunch (Part I)


    A snippet from the opening:

    This is one of the most important Martenson Reports I will write this
    year.
    In this report, I explain
    why the global stimulus plan will not succeed at returning the global economy
    to a path of sustainable growth or even to its former heights, seen in
    2006/2007.

    A snippet from the conclusion: 


    The assumption by the G20 that money printed out of thin air is both necessary and sufficient to return us to a renewed path of global economic growth is deeply flawed. Trillions of dollars in new stimulus money will soon “find their mark” and stampede off looking for something to do. The energy to support all this money does not exist, at least if the independent efforts of three diverse institutions that have studied the data are to be trusted (and I do because their conclusions are so similar).


    The combination of rapid declines in existing fields and a collapse in oil field investment means that it is extremely unlikely that we’ll have enough oil to return the globe to robust growth.


    While it is possible that we’ll close some of the energy gap with efficiency measures, a decade or more of lead-time sits between the development of more efficient technologies and their full market penetration, which means that efficiency is unlikely to play anything other than a bit part in this developing drama.


    Any plan to stimulate growth that does not take this energy reality into account is highly suspect and is probably flawed. Why this most obvious of all connections is not being openly discussed will be for future historians to dissect. For now, it is up to each of us to define for ourselves how much importance we place in this line of thinking.

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  • Blog

    Daily Digest – Mar 26

    by Davos

    Thursday, March 26, 2009, 3:16 PM

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    • Live, From New York its Saturday Night (Well not really, only if you don’t have cable)
    • FACT CHECK: Obama having it both ways on economy?
    • US lawmaker: Obama budget makes US worse than Cuba
    • Prime Minister Brown Takes a Tongue Lashing..(Video Devalued Leader of Devalued Govt.)
    • EU presidency: US stimulus is ‘the road to hell’
    • The Answer, of Course, Is ‘No’
    • Japan Exports Drop Record 49% as Global Slump
    • U.K. Bond Auction Fails for First Time Since 2002
    • Geithner ‘open’ to China proposal
    • Postal chief says post office running out of money
    • The New California Gold Rush
    • White House to Hunt for New Tax Revenues

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  • Blog

    Daily Digest – Feb 25

    by Davos

    Wednesday, February 25, 2009, 12:23 PM

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    • The "Trashout" Squad
    • Japan Exports Fall By 46% in January, Producing Record Trade Deficit
    • When Giants Fail, Bloomberg Video
    • Credit contracts as government dissembles
    • White backs off ‘credit enhancement’ with tax dollars
    • Stimulus Watch (Hat Tip DJHester1940)
    • Do Not Resuscitate (Hat Tip Ernie)
    • U.S. to Get Bank Ownership Stakes Only as Losses Rise
    • Consumer Confidence
    • S&P/Case-Shiller Home Price Indices
    • Shiller: Stocks not yet cheap enough for me 
    • Read More »

  • Blog

    Daily Digest – Feb 16

    by Davos

    Sunday, February 15, 2009, 9:42 PM

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    • The Stimulus Plan: A Detailed List of Spending
    • New Zimbabwe minister blames bank
    • Irish government faces growing fears of debt default
    • Will Eastern Europe Trigger a Financial Meltdown?
    • Diluted to Oblivion, Dead Banks
    • London Bankers – So Sorry (Video)
    • Obama to Work on Executive-Pay Limits Amid Complaints
    • Can Wall St. Dodge Government Pay Limits?
    • More…

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  • Blog

    Daily Digest – Feb 9

    by Davos

    Sunday, February 8, 2009, 4:57 PM

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    • Stimulus: Because all economies have performance issues (Humorous Hysterical!)
    • The bonus racket (Hat Tip Fred)
    • Taleb at Davos (Video)
    • The Greatest Achievements of American Socialism (Slide Show)
    • Bond market calls Fed’s bluff as global economy falls apart (Hat Tip PineCarr)
    • The Economic Outlook for 2009 and Community Banks
    • A Double Dip Layoff Economy
    • Steve Keen: "The Roving Cavaliers of Credit" (or Why Ben’s Helicopter Will Fail)
    • Congressman/Dr. Ron Paul (Video – Hat Tip JoeManC)
    • Gingrich: Economy headed ‘off a cliff’
    • Icelandic Lessons (Hat Tip Investorzzo) 
    • FSN Broadcast
    • Savior Based Economy, SC Gov. Mark Sanford 
    • Timmy’s Talking TRILLIONS! Stimulus Battle May Signal Tough Sell for Bank Rescue
    • U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

    Read More »

  • Blog

    Daily Digest – Feb 7

    by Davos

    Saturday, February 7, 2009, 3:31 PM

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    • US Inflation Could Hit 200%: Dr. Doom (Video in Article)
    • States to Congress: Send money fast
    • Martin Wolf, Dreadful Davos (Video, Charlie Rose)
    • Agreement Reached on Economic Stimulus, Senators Say
    • Japan’s Big-Works Stimulus Is Lesson  (Hat Tip Daring1)
    • the crisis in japan (Hat Tip G Thomson)
    • New jobless claims jump more than expected to 626K (Hat Tip G Thomson and WendyT)
    • Bill Gross (Video in article) Trillions needed from govt.
    • TARP Shortchanged Taxpayers $78 Billion, Panel Says
    • What would trillions be like? (Video, Humor!)
    • Bank Failure #7 (in 2009/Week #5)
    • Treasury’s Geithner To Unveil Financial Plan Monday
    • Changes in I.S. Employment (Cart)
    • Unemployment Rate vs. Broader Total Unemployed (Chart, Repost)
    • Cumulative Job Losses: Getting Worse With Time (Chart)
    • Cumulative Job Losses: Getting Worse With Time (Article)
    • Where does your state rank? (Tabs for Unemployment, Budget Deficit and Foreclosures)
    • CBOT Director’s Blog, Macroeconomic Effects of the Senate Stimulus Legislation Letter
    • the most important chart in the world
    • Uncle Buck back on the examination table…
    • Gold Disconnects from USDollar
    • TARP Recipients Paid $114 Million to Lobby Lawmakers
    • Marc Faber, Gloom, Boom & Doom, Stimulus is going to be a disaster! (Video) 
    • Comedy Central (Cluster…to the poor house economic recovery plan, Humor)

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  • Blog

    Stimulus Bill Causes Hope to Fade

    by Chris Martenson

    Saturday, January 31, 2009, 6:45 PM

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    The subtitle to this article is Bringing a Hose to a Flood

    I’ll be honest, I was equal parts hopeful and doubtful that anything new would come out of Washington because, well, I’ve been watching the situation for a long time and nothing really “new” comes out of there very often.

    For now, I must content myself to sit back and watch, and wait, knowing that sooner or later reality will force itself back onto the radar screens of our leaders. For now, they remain hopelessly out of touch. For example, check out this well-meaning statement:

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  • Blog

    Daily Digest – Jan 27

    by Davos

    Tuesday, January 27, 2009, 3:23 AM

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    • Population growth is the biggest economic and environmental problem
    • How the Government Dealt With Past Recessions (2001 Audio)
    • 82,000
      Job Losses 
    • Job Losses (Chart)
    • Existing Home Sales (Chart Seasonally Adjusted Annual Rate)
    • Home Inventory (Chart)
    • Fannie to Tap U.S. for as Much as $16 Billion in Aid 
    • Fed looks like one more shaky bank (Hat tip CM) 
    • Just ‘plane’ despicable; rescued Citi buying $50M jet 
    • Downturn Accelerates As It Circles The Globe (Hat Tip CM)
    • U.K. Economy Shrinks Most Since 1980, in Recession (Hat Tip CM)
    • 2009 Country stock market performance – things already aren’t pretty(Table in article) 
    • Panel Discusses the Stimulus Package

    Read More »

  • Blog

    Daily Digest – Jan 17

    by Davos

    Saturday, January 17, 2009, 2:26 AM

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    • Paulson Predicts Banks Are Done For, Shares Drop 
    • Stimulus may bolster dairy industry 
    • Famine USA—7 million dead (1930s Depression) 
    • Clear channel plans revamp
    • Hertz to cut more than 4,000 jobs 
    • Layoff Watch: 11,000 From GE (GE)? 
    • Circuit City to liquidate remaining US stores (34,000 Employees) 
    • Astonishing Worker Layoff Count Today 
    • Rescue of U.S. banks hints at nationalization 
    • Calif. tax refunds to be delayed starting Feb. 1
    • Stimulus plan repeals big tax break for banks 
    • Report: Over 8 in 10 corporations have tax havens 
    • Harsh turn of fortunes for 2 huge U.S. banks  
    • Citigroup Splits Into Two After Losing $8.3 Billion 
    • Paulson, Bair Raise ‘Aggregator Bank’ for Toxic Debt  
    • Foreclosure Heat Map
    • 2009 Bank Failure #1: National Bank of Commerce, Berkeley, IL 
    • Umpqua Bank Acquires the Insured Deposits of Bank of Clark County, Vancouver, WA (Failure #2, 2009) 
    • Can You Help?

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  • Blog

    Daily Digest – Jan 12

    by Davos

    Monday, January 12, 2009, 1:30 PM

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    • Can science help solve the economic crisis?
    • States with worst jobless rates share root causes 
    • Bad job news at the Jones house 
    • Obama weighs decision about bailout funds
    • Stimulus Projected to Save 3.675mm Jobs… 3mm Too Little? 
    • Christina Romer Video on Stimulus
    • The Fed’s Bubble Trouble 
    • The layman’s finance crisis glossary 
    • The World’s Largest Hedge Fund is a Fraud, November 7, 2005 Submission to the SEC Madoff Investment
    • Business Risks and Costs of New Nuclear Power
    • It’s Survival of the Weak and Scrawny 

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