Although mainstream economics and business news can be useful, it is sometimes infected with propaganda and it is often infected with excessive optimism about the economy. On the other hand, it has timely statistics and facts that can be difficult to find (in a timely fashion anyway) outside of the mainstream.
LATEST ECONOMICS NEWS FROM MANY MAINSTREAM SOURCES
LATEST NEW YORK TIMES ECONOMICS REPORTS
LATEST NEW YORK TIMES BUSINESS REPORTS
LATEST BLOOMBERG ECONOMY NEWS
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2009 DEPRESSION LOWS TO DATE AND 2007 ALL TIME HIGHS BY COUNTRY
For all markets and countries shown above and below, the pre-depression high was in late 2007, and then there was a Depression low in early 2009. If a market is currently lower than the 2009 Depression low shown below, then (a)It is a new depression low for that market (and for that country) and (b)That country is indisputably in a serious economic depression that will continue on indefinitely. However, most or all of the other countries are also in a somewhat less severe but still severe economic depression that rich people are attempting to sweep under the rug.
To reduce number fatigue the market averages are all rounded to the nearest 50
NORTH AND SOUTH AMERICA
US DOW > 2007 High 14,000; 2009 Low 6,600
US S&P > 2007 High 1,550; 2009 Low 750
CANADA > 2007 High 14,700; 2009 Low 8,100
ARGENTINA > 2007 High 2,350; 2009 Low 1,000
BRAZIL > 2007 High 71,450; 2009 Low 31,300
EUROPE
UK > 2007 High 6,700; 2009 Low 3,850
FRANCE > 2007 High 6,100; 2009 Low 2,700
GERMANY > 2007 High 8,050; 2009 Low 3,850
SPAIN > 2007 High 15,900; 2009 Low 7,600
NETHERLANDS > 2007 High 550; 2009 Low 200
SWITZERLAND > 2007 High 9,450; 2009 Low 4,700
PORTUGAL > 2007 High 13,450; 2009 Low 6,000
EURONEXT > 2007 High 4,700; 2009 Low 1,700
IRELAND > 2007 High 9,850; 2009 Low 2,050
AUSTRIA > 2007 High 4,900; 2009 Low 1,500
ITALY > 2007 High 43,750; 2009 Low 15,300
ASIA
INDIA > 2007 High 6,150; 2009 Low 2,750
SINGAPORE > 2007 High 3,800; 2009 Low 1,600
MALAYSIA > 2007 High 1,450; 2009 Low 850
TAIWAN > 2007 High 9,300; 2009 Low 4,250
HONG KONG > 2007 High 31,350; 2009 Low 12,800
CHINA > 2007 High 5,950; 2009 Low 1,750
KOREA > 2007 High 2,050; 2009 Low 1,050
JAPAN > 2007 High 18,150; 2009 Low 7,550
AUSTRALIA / NEW ZEALAND
AUSTRALIA > 2007 High 6,800; 2009 Low 3,300
NEW ZEALAND > 2007 High 4,300; 2009 Low 2,500
COUNTRIES THAT HAVE AVOIDED A LONG DEPRESSION SO FAR: MARKETS SETTING A NEW ALL TIME HIGH IN 2012
MEXICO > 2007 High 31,450; 2009 Low 17,750; 2012 High 39,500
INDONESIA > 2007 High 2,750; 2009 Low 1,250; 2012 High 4,200
PHILIPPINES > 2007 High 3,750; 2009 Low 1,850; 2012 High 5,200
For all markets and countries shown above and below, the pre-depression high was in late 2007, and then there was a Depression low in early 2009. If a market is currently lower than the 2009 Depression low shown below, then (a)It is a new depression low for that market (and for that country) and (b)That country is indisputably in a serious economic depression that will continue on indefinitely. However, most or all of the other countries are also in a somewhat less severe but still severe economic depression that rich people are attempting to sweep under the rug.
To reduce number fatigue the market averages are all rounded to the nearest 50
NORTH AND SOUTH AMERICA
US DOW > 2007 High 14,000; 2009 Low 6,600
US S&P > 2007 High 1,550; 2009 Low 750
CANADA > 2007 High 14,700; 2009 Low 8,100
ARGENTINA > 2007 High 2,350; 2009 Low 1,000
BRAZIL > 2007 High 71,450; 2009 Low 31,300
EUROPE
UK > 2007 High 6,700; 2009 Low 3,850
FRANCE > 2007 High 6,100; 2009 Low 2,700
GERMANY > 2007 High 8,050; 2009 Low 3,850
SPAIN > 2007 High 15,900; 2009 Low 7,600
NETHERLANDS > 2007 High 550; 2009 Low 200
SWITZERLAND > 2007 High 9,450; 2009 Low 4,700
PORTUGAL > 2007 High 13,450; 2009 Low 6,000
EURONEXT > 2007 High 4,700; 2009 Low 1,700
IRELAND > 2007 High 9,850; 2009 Low 2,050
AUSTRIA > 2007 High 4,900; 2009 Low 1,500
ITALY > 2007 High 43,750; 2009 Low 15,300
ASIA
INDIA > 2007 High 6,150; 2009 Low 2,750
SINGAPORE > 2007 High 3,800; 2009 Low 1,600
MALAYSIA > 2007 High 1,450; 2009 Low 850
TAIWAN > 2007 High 9,300; 2009 Low 4,250
HONG KONG > 2007 High 31,350; 2009 Low 12,800
CHINA > 2007 High 5,950; 2009 Low 1,750
KOREA > 2007 High 2,050; 2009 Low 1,050
JAPAN > 2007 High 18,150; 2009 Low 7,550
AUSTRALIA / NEW ZEALAND
AUSTRALIA > 2007 High 6,800; 2009 Low 3,300
NEW ZEALAND > 2007 High 4,300; 2009 Low 2,500
COUNTRIES THAT HAVE AVOIDED A LONG DEPRESSION SO FAR: MARKETS SETTING A NEW ALL TIME HIGH IN 2012
MEXICO > 2007 High 31,450; 2009 Low 17,750; 2012 High 39,500
INDONESIA > 2007 High 2,750; 2009 Low 1,250; 2012 High 4,200
PHILIPPINES > 2007 High 3,750; 2009 Low 1,850; 2012 High 5,200
US MARKETS OCTOBER 2007 HIGHS AND FEBRUARY 2009 DEPRESSION LOWS
OCTOBER 2007 HIGHS
Dow Jones Industrials... 14165
Nasdaq Composite... 2859
S & P 500... 1565
Russell 2000... 908
Wilshire 5000... 15819
DEPRESSION LOWS TO DATE
Dow Jones Industrials... 6547
Nasdaq Composite... 1269
S&P 500... 677
Russell 2000... 390
Wilshire 5000... 6859
Dow Jones Industrials... 14165
Nasdaq Composite... 2859
S & P 500... 1565
Russell 2000... 908
Wilshire 5000... 15819
DEPRESSION LOWS TO DATE
Dow Jones Industrials... 6547
Nasdaq Composite... 1269
S&P 500... 677
Russell 2000... 390
Wilshire 5000... 6859
TIME ZONES
During Daylight Savings Time of the Year
Hawaii >>> - 4 Hours
Alaska >>> - 2 Hours
Pacific US >>> -1 Hour
Pacific Canada >>> -1 Hour
Mountain US >>> 0 Hours
Mountain Canada >>> 0 Hours
QFTR >>> 0 Hours
Central America >>> 0 Hours
Central US >>> +1 Hour
Central Canada >>> +1 Hour
Mexico (except NW) >>> +1 Hour
Columbia + 1 Hour
Eastern US >>> +2 Hours
Eastern Canada >>> +2 Hours
Chille >>> +2 Hours
Newfoundland / New Brunswick / Nova Scotia >>> +3 Hours
Brazil & Argentina >>> +3 Hours
Iceland >>> +6 Hours
West Africa >>> +6 Hours
United Kingdom >>> +7 Hours
Central Africa >>> +7 Hours
France >>> + 8 Hours
Spain >>> +8 Hours
Germany >>> + 8 Hours
Poland / Eastern Europe >>> + 8 Hours
Scandinavia >>> +8 Hours
Cairo / Egypt >>> +8 Hours
South Africa >>> +8 Hours
Finland >>> +9 Hours
Ukraine >>> +9 Hours
Greece >>> +9 Hours
Turkey >>> +9 Hours
Israel >>> +9 Hours
Middle East >>> +9 Hours
East Africa >>> +9 Hours
Moscow / West Russia >>> +10 Hours
Iran & Afghanistan >>> +10.5 Hours
Pakistan >>> +11 Hours
India >>> +11.5 Hours
Eastern Russia >>> +12 Hours
Thailand >>> +13 Hours
Vietnam >>> +13 Hours
Indonesia >>> +13 Hours
Western Siberia >>> +14 Hours
Malaysia >>> +14 Hours
Phillippines >>> +14 Hours
China >>> +14 Hours
Western Australia >>> +14 Hours
Korea >>> +15 Hours
Japan >>> +15 Hours
Central Australia >>> +15.5 Hours
Central Siberia >>> +16 Hours
Eastern Australia >>> +16 Hours
Eastern Siberia >>> +17 Hours
Far Eastern Siberia >>> +18 Hours
New Zealand >>> +18 Hours
Hawaii >>> - 4 Hours
Alaska >>> - 2 Hours
Pacific US >>> -1 Hour
Pacific Canada >>> -1 Hour
Mountain US >>> 0 Hours
Mountain Canada >>> 0 Hours
QFTR >>> 0 Hours
Central America >>> 0 Hours
Central US >>> +1 Hour
Central Canada >>> +1 Hour
Mexico (except NW) >>> +1 Hour
Columbia + 1 Hour
Eastern US >>> +2 Hours
Eastern Canada >>> +2 Hours
Chille >>> +2 Hours
Newfoundland / New Brunswick / Nova Scotia >>> +3 Hours
Brazil & Argentina >>> +3 Hours
Iceland >>> +6 Hours
West Africa >>> +6 Hours
United Kingdom >>> +7 Hours
Central Africa >>> +7 Hours
France >>> + 8 Hours
Spain >>> +8 Hours
Germany >>> + 8 Hours
Poland / Eastern Europe >>> + 8 Hours
Scandinavia >>> +8 Hours
Cairo / Egypt >>> +8 Hours
South Africa >>> +8 Hours
Finland >>> +9 Hours
Ukraine >>> +9 Hours
Greece >>> +9 Hours
Turkey >>> +9 Hours
Israel >>> +9 Hours
Middle East >>> +9 Hours
East Africa >>> +9 Hours
Moscow / West Russia >>> +10 Hours
Iran & Afghanistan >>> +10.5 Hours
Pakistan >>> +11 Hours
India >>> +11.5 Hours
Eastern Russia >>> +12 Hours
Thailand >>> +13 Hours
Vietnam >>> +13 Hours
Indonesia >>> +13 Hours
Western Siberia >>> +14 Hours
Malaysia >>> +14 Hours
Phillippines >>> +14 Hours
China >>> +14 Hours
Western Australia >>> +14 Hours
Korea >>> +15 Hours
Japan >>> +15 Hours
Central Australia >>> +15.5 Hours
Central Siberia >>> +16 Hours
Eastern Australia >>> +16 Hours
Eastern Siberia >>> +17 Hours
Far Eastern Siberia >>> +18 Hours
New Zealand >>> +18 Hours
CALCULATED RISK
ROBERT REICH
PAUL KRUGMAN Blog Posts
Paul Krugman NY Times Columns
ECONOMIST'S VIEW
INFOWARS ECONOMIC CRISIS
PRISON PLANET MONEY WATCH
GEORGE WASHINGTON BLOG
END OF THE AMERICAN DREAM
ECONOMIC COLLAPSE
"THE COMING DEPRESSION"
Mike Shedlock
NAKED CAPITALISM
BASELINE SCENARIO
