Christian Homekeeper

A call to…

  • reuse when you can
  • make do with what you have
  • seek out and use local agriculture
  • to make what you can for home use
  • make everything you can from scratch
  • to seek out and learn new ways to be frugal
  • to develop a spirit of creativity in managing your home
  • to feed and clothe your family well, but to live within your means.

    Use it up! Wear it out!
    Make it do or Do Without!

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    Economy- Inflation/Recession/Depression

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    Economy- Inflation/Recession/Depression

    Post by Susan on Mon Mar 03, 2008 9:19 am

    The Federal Reserve's rescue has failed
    http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/03/ccview103.xml


    Buffett: US Essentially in Recession
    http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d8v603ug0&date=20080303

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Sat Apr 05, 2008 11:30 am

    US jobless data worse than feared

    US employers shed 80,000 jobs in March, Labor Department figures have shown, in the latest sign that the US economy may be falling into recession.

    http://news.bbc.co.uk/2/hi/business/7330619.stm

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Wed Apr 09, 2008 9:42 am

    Greenspan says U.S. is in recession, defends Fed tenure
    http://www.usatoday.com/money/economy/2008-04-09-greenspan-recession_N.htm?csp=34

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Tue Apr 15, 2008 10:00 am

    Retailing Chains Caught in a Wave of Bankruptcies
    http://www.nytimes.com/2008/04/15/business/15retail.html?ei=5065&en=f49f49fe18bad8a7&ex=1208923200&partner=MYWAY&pagewanted=print

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Mon Apr 21, 2008 11:25 am

    More economists are forecasting a recession
    Thirty percent say economy will shrink in early ’08, up from January
    http://www.msnbc.msn.com/id/24228456/

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Fri Jun 06, 2008 9:54 am

    US unemployment rate reaches 5.5%

    The US unemployment rate has risen at its fastest pace in more than two decades in May, stoking recession fears in the world's biggest economy.

    http://news.bbc.co.uk/2/hi/business/7440104.stm

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    Re: Economy- Inflation/Recession/Depression

    Post by GloryB on Mon Jun 09, 2008 8:50 pm

    I've spent so much of my adult life as a single mom BROKE....that I never know the difference if the economy is bad. I could move to a third world country and feel right at home. haha!
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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Sat Jul 12, 2008 10:31 am

    IndyMac Bank seized by federal regulators

    The Pasadena-based thrift's failure is the second-biggest by a U.S. bank. Doors will reopen Monday.

    http://www.latimes.com/business/la-fi-indymac12-2008jul12,0,6071779.story

    PERSONAL NOTE: Remember the Great Depression?

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Mon Jul 14, 2008 9:27 am

    US STOCKS-Fannie, Freddie rescue plan set to lift Wall St
    http://www.reuters.com/article/usMktRpt/idUSN1441830220080714

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Tue Jul 15, 2008 12:11 pm

    Fed boss warns of growth 'risks'

    The boss of the US Federal Reserve Ben Bernanke has warned that there are still "downside risks" to growth in the world's largest economy.

    http://news.bbc.co.uk/2/hi/business/7507884.stm

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Wed Jul 16, 2008 10:46 am

    Cops to IndyMac customers: Remain calm or face arrest
    http://www.dailynews.com/breakingnews/ci_9887404

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Thu Sep 25, 2008 8:50 am

    Bush: U.S. in midst of serious financial crisis

    http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2448350420080925?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=22&sp=true

    Bush warns 'entire economy is in danger'

    http://www.breitbart.com/article.php?id=D93DH4SO2&show_article=1

    Personal Note: This country is not headed into a ressession, but into a depression. All the news chatter about McCain pulling out of the debate, to go to Washington, DC; in order to find a remedy for this, is wonderful news. He is making the best choice to serve his country, in a critical time of need. Obama, on the other hand, knows that this is the no.1 issue facing the US, still wants to debate. President Bush has extended an invitation to Obama to come and be a part of the process to salvage our econmy. Personally, I think the debate can wait and both candidates, can show their presidential potential,by participating in this much needed meeting over the next 72 hours. How this will end? GOD knows....my trust is in the LORD, for HE holds all the answers.

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Sat Sep 27, 2008 11:28 am

    Pelosi: Financial bailout talks back on track
    http://www.reuters.com/article/politicsNews/idUSTRE48P87V20080926?feedType=RSS&feedName=politicsNews&rpc=22&sp=true

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Mon Sep 29, 2008 2:39 pm

    House defeats $700B financial markets bailout

    http://www.breitbart.com/article.php?id=D93GHQRG1&show_article=1

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Tue Sep 30, 2008 11:48 am

    After yesterday's Black Monday, where the DOW dropped almost 800 points, the market seems to be making a comeback. But, the World Economy is still very much on shaky ground! Banks are still in need of bailouts, where will this all lead? Stay tuned...

    Stocks open higher a day after huge drop

    http://www.msnbc.msn.com/id/3683270/

    Why watch this topic?

    Revelation 6:5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. 6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

    Revelation 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

    Revelation 18:11 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: 12 The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, 13 And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. 14 And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all. 15 The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, 16 And saying, Alas, alas that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! 17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, 18 And cried when they saw the smoke of her burning, saying, What city is like unto this great city! 19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.





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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Thu Oct 02, 2008 11:15 am

    US markets wary over rescue deal

    US shares have fallen in early trading with investors cautious over whether the House of Representatives will back the revised bank rescue plan.

    http://news.bbc.co.uk/2/hi/business/7647662.stm

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Fri Oct 03, 2008 1:44 pm

    Just heard the news. The bailout bill passed in the HOUSE. The bill is now on the way to the PREZ.

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Thu Oct 09, 2008 12:43 pm

    US warns of further bank failures

    The US treasury secretary has warned some banks will still fail despite the $700bn (£406bn) rescue package to shore up the financial system.

    http://news.bbc.co.uk/2/hi/business/7660403.stm

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Fri Oct 24, 2008 9:40 am

    S&P 500, Dow, Nasdaq Futures Reach `Limit Down' Level (Update2)
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aZRWfr8j_IXc&refer=worldwide

    I think that the news media and others are trying hard not to say the "D" word...but tell that to those who have already lost their life savings and homes.

    Our hope is not in the riches of this world. Our HOPE is in the LORD.

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Thu Nov 13, 2008 8:09 pm

    World markets drop amid recession fears
    Germany officially in recession; run of bad U.S. corporate news

    Excerpt:

    In its latest economic forecasts, the Paris-based Organization for Economic Cooperation and Development said gross domestic product was likely to fall by 0.3 percent in 2009 for its 30 member countries, representing democracies with market economies. It said the U.S. economy would contract by 0.9 percent, Japan’s by 0.1 percent and the euro area by 0.5 percent.



    Source

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Sat Dec 06, 2008 10:37 pm

    U.S. Job Losses Signal Recession Will Be Long, Deep

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aniNd2kN.vdI&refer=worldwide

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Thu Jan 22, 2009 1:29 pm

    Recession or depression? Too early to tell
    Many differences between now and 1930s but some similarities, too
    2 page article:

    http://www.msnbc.msn.com/id/28698830/

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Tue May 26, 2009 8:35 am

    The Fed's next task: combating runaway prices

    As the recession eases, expanded lending could stoke '70's-style inflation

    http://www.msnbc.msn.com/id/30938110/

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Fri May 29, 2009 10:17 am

    U.S. Inflation to Approach Zimbabwe Level, Faber Says (Update2)

    http://www.bloomberg.com/apps/news?pid=20601103&sid=avgZDYM6mTFA&refer=us#

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Tue Jun 09, 2009 12:32 pm

    Europe swings Right as depression deepens

    http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2009/06/08/europe_swings_right_as_depression_deepens

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Wed Jul 22, 2009 1:45 pm

    GOP Leader Mocks White House Claim That They ‘Rescued the Economy’

    http://www.breitbart.tv/i-dont-think-so-boehner-hits-back-at-white-house-claim-that-they-rescued-the-economy/

    In reading through some of the comments, about B.O, I recalled a childish song about BO, with the letters standing for body odor...talk about double meanings. What a Face

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    Re: Economy- Inflation/Recession/Depression

    Post by Susan on Thu May 27, 2010 9:31 am

    US money supply plunges at 1930s pace as Obama eyes fresh stimulus

    The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.

    http://www.telegraph.co.uk/finance/economics/7769126/US-money-supply-plunges-at-1930s-pace-as-Obama-eyes-fresh-stimulus.html

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