In the run up to the 'great recession' of 2008/2009, it was unsuspecting European and Asian buyers that supplied the marginal capital required to turn America's plain vanilla, fed-induced housing bubble into a turbo-charged, global financial...Show More Summary
Tiny homes aren’t just a fad anymore — what started as a way to lower mortgage payments and utility costs following the Great Recession has developed into a worldwide movement. And Google searches for “Tiny House for Sale” have grown a whopping 900%. Show More Summary
Tim Taylor: US Wages: The Short-Term Mystery Resolved: The Great Recession ended more than eight years ago, in June 2009. The US unemployment rate declined slowly after that, but it has now been below 5.0% every month for more than....
Note to Self: Spent the Berkeley Econ faculty lunch talking to Yuriy Gorodnichenko, Pierre-Olivier Gourinchas, St. Matthew the Greater, Dmitriy Sergeyev, and a couple of others about a very wide range of topics, ending with r-star (which Yuriy has to discuss Saturday at the Clausen [Center Conference](http://clausen.berkeley.edu/event/ccc2017/)). Show More Summary
Realtor.com report says the housing market is much different than 2007; is that all good news? According to a report from Realtor.com analyzing the property market since the Great Recession, the overall housing market has returned to pricing levels last seen in 2006. Show More Summary
As the economy grows ever more unequal, corporations seek to lower expectations of what Americans are entitled to—starting with public schools. In the wake of the Great Recession, the corporate lobbies engineered an unprecedented wave of legislation, aimed at lowering labor standards and slashing public services in state after state. Show More Summary
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the October 2017 seasonally adjusted annual sales rate (SAAR).Heavy truck sales really collapsed during the great recession, falling to a low of 181 thousand in April and May 2009, on a seasonally adjusted annual rate basis (SAAR). Show More Summary
THE labour market is, as most people would concede, the surprise success story of the financial crisis, the Great Recession and the generally downbeat age of austerity that followed. After the initial sag, the employment-creation machine roared ahead, and numbers...
The stock market can be risky. Just 10 years ago, due to the financial panic and subsequent Great Recession, stocks lost half their value in the course of not much more than a year. But the stock market is also a great investment: Long term gains are large, and even the biggest losses are routinely...
The post Industrial and Occupational Employment Changes During the Great Recession appeared first on The Big Picture.
David Miles and Ricardo Reis discuss the 19th Geneva Report on the World Economy, which asks why inflation has remained in such a narrow range over the last decade.
And how technology is changing it now.
During the Great Recession, the city of Lancaster, California, had a 17 percent unemployment rate and a housing market dominated by foreclosures.
Detroit might loom large the American imagination as a once-proud manufacturing hub laid low by crime and the Great Recession, but one big-name travel site doesn’t see it that way. The post Quibbles With Lonely Planet’s Top 10 Cities to Visit appeared first on The Good Men Project.
The following article by David Haggith was published on The Great Recession Blog : Is the Federal Reserve’s Great Unwind already coming unwound? I thought it would be good to check up on Federal Reserve balance sheet reduction since the Fed is supposed to be up and running on the move out of quantitative easing this month. Show More Summary
Over the last decade, the developed world has been hit by the deepest recession since the Great Depression and a rollercoaster in commodity prices. And yet, core inflation has been both low and fairly stable. The 19th Geneva Report on the World Economy asks whether it was good policy or good luck that prevented severe deflation and kept inflation relatively steady.
Occasionally, inflation is stubborn. For many years it was hard to bring under control, but in the last decade has been low and stable. The latest Geneva Report on the World Economy studies the latest bout of stubbornness, asking why inflation has remained in such a narrow range. Show More Summary
The following article by David Haggith was published on The Great Recession Blog : In a nutshell, here is a Federal-Reserve graph, recently published on ZH, that summarizes everything you need to know about the unsustainable US economy. Show More Summary
This article by David Haggith was published on The Great Recession Blog : While David Stockman stated early this year with resolute certainty that the debt ceiling debate would blow congress up and send the nation reeling over the financial precipice, I avoided jumping on the debt-ceiling bandwagon. Show More Summary
Many argue the Great Recession could have been ameliorated through strategic policies, but the government ignored warning signs of coming economic distress. Instead, increased borrowing incited a financial and real estate boom, which resulted in a bubble that eventually burst.