Economics

The Web Spy searches the web for the best info on economic trends and cycles, the coming recession and perhaps the world wide depression as well as credit, markets, corporate changes and the debate of economic theory.

State Deficits Will Slow Economy

For only the second time in 50 years, state budget cuts will act as a fiscal drag on GDP as noted by Bloomberg in Economy in U.S. Slows as States Lose Federal Stimulus Funds.

Economic Recovery Overated

Anemic Retail Sales signal bad news surpise economists...

 NY Times Running Propaganda For The Banking Industry

The message is none too subtle: you can’t be mean to those banks! They are part of our communities! We really really need them! Even a city in the heartlands like Louisville depends on them

Another Bank Bail Out?

On Thursday, European Central Bank head Jean-Claude Trichet announced that he would continue the ECB's low interest rates (1 per cent) and easy lending policies for the foreseeable future. Wall Street rallied on the news..