Monday, December 19, 2022

Forbes: Recession Still Nowhere To Be Seen: What You Need To Know...

By SIMON CONSTABLE

Enough already with the recession talk.

For at least six months, many economists have been forecasting an imminent economic pullback or collapse that would crush the U.S. economy.

Like so many things forecast in the media, it hasn’t happened. Not by a long way. A piece I wrote in June indicated there were few signs of recession, just slower growth.

Still, the calls of economic oblivion keep on coming relentlessly and yet no recession has emerged.

That failure and similar ones is probably the root of the Wall Street quip: “Economists were invented to make astrologers look good.” And those astrologers are looking better every day.

Here’s what you need to know. Read more here
Unemployed men queue outside a depression-era Chicago soup kitchen opened by Al Capone 1931. This file was provided to Wikimedia Commons by the National Archives and Records Administration as part of a cooperation project. The National Archives and Records Administration provides images depicting American and global history which are public domain or licensed under a free license.







Sunday, December 18, 2022

WABC Studio Debrief Jan 4, 2009: Gloom Prediction in 2009 @Batchelorshow

 By SIMON CONSTABLE

John Batchelor and Simon Constable play unemployed hedge fund managers and predict the economic calamities the U.S. faces in 2009

WATCH HERE.

WABC Studio Debrief 12-20-2008: Batchelor and Constable Play Scrooge and Marley

By SIMON CONSTABLE

John Batchelor and Simon Constable as Scrooge and Marley discuss the Bernie Madoff scandal.




WATCH HERE.

WABC Studio Debrief January 11, 2009: Smoot-Hawley

 By SIMON CONSTABLE

John Batchelor and Simon Constable play the Smoot and Hawley protectionists.


WABC Studio Debrief November 25, 2008. Too Big to Fail?

 By SIMON CONSTABLE

Debrief November 25, 2008. Batchelor and Constable discuss "too big to fail" and all of its insanity.


WABC Studio Debrief ll January 25. 2009: Hoarding Cash In a Piggy Bank

By SIMON CONSTABLE

John Batchelor and Simon Constable discuss the new fashion of hoarding cash this time in a piggy purloined from a now-dead bank.