Tag Archives: Recession

iRock: The Dollar And Its Diving (Great Recession Remix)

The talented folks at versusplus.com is out with another financial parody song – just in time for the Christmas holiday season – and the upcoming “Black Friday“…

The versusplus.com 2010 Holiday Songbook begins with “The Dollar And Its Diving (Great Recession Remix),” – an econoparody of “The Holly And The Ivy” (Traditional).

This new piece is an animated, Great Recession update of their original 2006 “Dollar” econoparody.

Here it is, “The Dollar And Its Diving” (Great Recession Remix) – Happy Holidays !

Download “THE DOLLAR AND ITS DIVING [Great Recession Remix]” song from iTunes (US): http://itunes.apple.com/us/album/the-dollar-and-its-diving/id405777954.

Watch “THE DOLLAR AND ITS DIVING [Great Recession Remix]” – and other hilarious econoparodies – on versusplus.com: http://versusplus.com or http://versusplus.com/dollar_2010.html (with parody lyrics).

More Financial Music Videos at iRock >>

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Filed under International Econnomic Politics, National Economic Politics

Roubini: Federal Reserve Out of Ammo

“The US remains on course either for a double dip recession or growth that is so sluggish that it has a recessionary feel,” says Professor Nouriel Roubini of the Stern School at New York University.

Talkking with James Blitz at this year’s Ambrosetti Forum in Italy, Roubini says there are few if any options for policy-makers to stimulate the economy – and that a new round of quantitative easing by the Federal Reserve will be ineffective.

Here’s the interview from Financial Times:

(Click to play)

Robert Shiller Says Double Dip Imminent

Albert Edwards Sees S&P500 Returning To 1982-Level at 450 Points

El-Erian: Economy Losing Momentum For Recovery

Rosenberg Says US Virtually Certain To Fall Back Into Recession

Welcome To The Double-Dip!

China To Invest In Nassim Taleb’s Bear Fund

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Filed under International Econnomic Politics, National Economic Politics

Robert Shiller Says Double Dip Imminent

In this week’s Big Interview, the Wall Street Journal‘s Simon Constable interviews Robert Shiller who flat out says that an economic double dip may be “imminent.” This compares to his earlier warning that he saw the chances of a double dip at over 50%.

Shiller also believes that when the NBER looks back at the data, Q3 of this year will mark the beginning of the second dip of the recession.

Furthermore, those looking to sell houses in the US are hereby advised not to listen to the interview, as the co-creator of the Case-Shiller Home Price Index also adds that he is worried housing prices could decline for another five years.

He notes that Japan saw land prices decline for 15 consecutive years up to 2006.Following up on this week’s weakest new home sales data in history this should probably not come as a big surprise to most.

And for bond fans; professor Shiller confirms David Rosenberg at Gluskin Sheff‘s view that bonds are not in a bubble:

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Filed under International Econnomic Politics, National Economic Politics