ATHENS, July 9- Greece's economy could shrink by as much as 5 percent this year, the Athens- based IOBE think tank said on Tuesday, revising down its previous projection and offering a more pessimistic forecast than the country's foreign lenders.» Read More
Central banks around the world are repeating the mistakes of former Federal Reserve Chairman Alan Greenspan by flooding markets with cheap money, according to Brunel University's Moorad Choudhry.
A report suggests 20-somethings living in their parents' basement may take after the thrifty, debt-averse survivors of the Great Depression.
After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".
Despite recent stock market gains, famed strategist Douglas Kass thinks stocks face many headwinds.
The fiscal cliff may sound like the name of an exercise retreat on a mountain top in Southern California, but the reality is not so pretty. What it refers to is the potentially dire economic situation the U.S. faces at the end of 2012. Here's a look.
The fiscal crisis for states will persist long after the economy rebounds as they confront rising health care costs, underfunded pensions, ignored infrastructure needs, eroding revenues and expected federal budget cuts, according to a report issued here Tuesday by a task force of respected budget experts, the New York Times reports.
"In order to understand this crisis it is necessary to understand the role that credit has played in bringing it about, when we broke the link between money and gold 40 years ago, this removed all the constraints on credit creation and afterwards credit exploded," Richard Duncan author of The New Depression: The Breakdown of the Paper Money Economy, told CNBC.
Paul Krugman, "End This Depression Now!" author, discusses the financial crisis that triggered the greatest downturn since the Great Depression, and offers ways to move forward.
President Obama is presiding over an economic recovery that is “dead last in the modern era,” Texas Congressman Kevin Brady said Friday on CNBC.
Yale professor, Robert Shiller shares his perspective on whether the U.S. is in the midst of a "late great depression" and how temporarily raising taxes could help stimulate economic recovery.
Robert Prechter, Elliott Wave International founder & CEO, discusses why the charts show the market is in the late stages of a 1930s type depression, and discusses what themes will dominate in 2012.
The recent decline in commodity prices has little to do with fundamentals and everything to do with the collapse of brokerage firm MF Global, says renowned investor Jim Rogers, who described the sell-off as artificial.
The world economy is on the verge of a new and deeper jobs recession that will delay the global recovery further and may spark social unrest in "scores of countries," the International Labor Organization said on Monday.
The countries that will have the most success in weakening the real value of their currencies "are likely to flourish better or at least suffer less than others," author Andrew Smithers wrote.
The U.S. economy is likely to experience a period of stagflation worse than the 1970s, which would cause bond yields to spike, commodity bull Jim Rogers told CNBC on Friday. Rogers said governments were lying about the inflation problem and the recent rally in Treasurys was a bubble.
”An economic depression occurs only once it becomes painfully obvious that the markets and economy are failing to respond to repeated bouts of policy stimulus,” says economist David Rosenberg.
Mike Mayo, U.S. banks analyst at CLSA, explains why CLSA lowers target prices on American banks and tells CNBC that U.S. banking sector this year is expected to have the worst revenue growth since 1938.
The current UK depression will be the longest since at least the first world war. Without a dramatic surge in growth, it is also quite likely to generate a bigger cumulative loss of output than the “great depression”, Martin Wolf writes in the FT.
Markets are just beginning to price in the "new normal" of weak growth and a lack of credible policy responses, according longtime bear Bob Janjuah, co-head of cross-asset allocation strategy at Nomura.
"I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.