depression

Industrial nations risk spoiling the recovery after averting a severe depression two years ago, thinks a CEO of the world's largest bond investor. Mohamed El-Erian, head of Pacific Management investment Co., or Pimco, believes that if these nations are not careful they risk slipping into a lost decade of low growth, high unemployment and welfare destruction.

According to an analysis of data from an international survey cyber-bullying may be even harder on the victims than physical beatings or name-calling. The team at the National Institutes of Health including Jing Wang, Tonja Nansel and Ronald Iannotti analyzed data from the 2005/2006 poll that included 4,500 U.S. preteens and teens.

During a meeting of a top central bankers and bank regulators a new set of rules was proposed to help the global banking industry avert future financial disasters. While the new regulation is meant to wrestle potential threats it could also dampen bank profits and strain weaker institutions.

On Sunday the panel of financial authorities from 27 countries had reached agreement. The group includes Ben S. Bernanke, chairman of the Federal Reserve, and Jean-Claude Trichet, president of the European Central Bank.

Reports about positive gross domestic product readings and other relatively good readings of the economy condition are just disguising the true state of affairs which is Depression of the US economy, believes Gluskin Sheff economist David Rosenberg said Tuesday.

In his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains. But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.

White House economic adviser Larry Summers said that the US economy is about to come to self-sustaining growth while the employment outlook remains uncertain.

Researches of the British scientists revealed that the Internet surfing is closely tied to depressions people suffer. Yet, it remains unclear if it is the Internet that causes depression or whether it is the depression that makes people spend much time online.

"This study reinforces the public speculation that over-engaging in websites that serve to replace normal social function might be linked to psychological disorders like depression and addiction," the study's lead author, Catriona Morrison, wrote in the journal Psychopathology.

 Roger Nightingale, economist at Pointon York, made a statement that the world will inevitably be involved into another depression if the stimulus measures are ceased too soon.

On the other hand, Charles Lemonides, Chief investment Officer at Valueworks LLC, notes that the stock markets will likely survive the tough times without significant problems as economic activity is better than it was six months or a year ago.

"I think the economy is in a great deal of trouble," Nightingale told "Worldwide Exchange."

 Nicu Harajchi, CEO of N1 Asset Management, told on Friday that the current global recession will likely take the form of a Nicu Harajchi, CEO of N1 Asset Management,” noting that stimulus hasn’t done any good to ordinary people. He said that it is Wall Street who makes money but not consumers.

"We have seen the G20 coming out with cross border capital injections of $5 trillion this year… But a lot of this money hasn't really come down to Main Street," he said.