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Timothy R. Homan, writing for Bloomberg says GDP Probably Grew as Stimulus Took Hold The economy in the U.S. probably grew in the third quarter at the fastest pace in two years as government stimulus helped bring an end to the worst recession since the 1930s, economists said before reports this week. The world’s largest economy grew at a 3.2 percent pace from July through September after shrinking the previous four quarters, according to the median estimate of 65 economists surveyed by Bloom

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Japan’s Zombie Banking Taken To New Levels Of Lunacy Japan’s real estate and stock market bubbles burst in the early 1990’s. Since then, twenty years of non stop Government stimulus programs have failed and left Japan with the highest debt to GDP ratio in the world and two decades of lost economic growth. The costly attempt to have failed banks prop up failed companies has lead to a massive misallocation of capital and resulted in Zombie Firms and Zombie Banks. Banks were not forced

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You did not miss out, you did not escape; you’re next. Job Opportunity : The US has an immediate opening for someone to convincingly explain how an economic recovery can lead to 3% GDP growth if the consumer is unemployed. Speed Trap : Global warming is exceeding the most extreme predictions of the last IPCC report, as global carbon emissions have accelerated from a 1.1% annual increase to over 3.5% per year. Events the IPCC saw as unlikely to ever occur are already happenin

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The FDIC is considering tapping its emergency line of credit with the Treasury. FDIC Chair Sheila Bair recently hinted after a speech at Georgetown University that all options are on the table when it comes time to replenish the dwindling Deposit Insurance Fund. We’ll find out more in the next few weeks after the FDIC board of directors meets. Stock market bulls aren’t concerned about the inevitable acceleration in bank failures — at least for now. Even though deposits will be insured against

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One Fine Day by Michael S. Rozeff LewRockwell.com Since the government and central bank are once again inflating the economy, let’s look back at what happened the last time they did this. The Bush-Greenspan team used war, fiscal stimulus, and FED money-pumping to produce a housing bubble that drove the unbalanced economic recovery of the early 2000s. Personal saving dropped as sharply as debt rose, but the recovery was halting and anemic. While the Clinton years saw the real GDP rise

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