(March 29, 2017 09:02 PM, by Scott Sumner) The sharp reduction in productivity growth since 2004 is one of the most notable recent trends in macroeconomics. Not surprisingly, some pundits have suggested that this slowdown is linked to the Great Recession. In the most simple business cycle models,... (0 COMMENTS)
Feeble U.S. economic growth since the Great Recession is due almost entirely to a plunge in homeownership, according a Rosen study.
Donald Trump’s election may have shocked half of the United States, but the rise of xenophobic nationalism is nothing new in Europe, where, since the Great Recession, nationalists have gained support across the continent. In the Netherlands, far-right politician Geert Wilders fell short of expectations in the election two weeks ago, but he still finished...
The following article by David Haggith is from The Great Recession Blog : Trump’s really big supporters openly grieved that the explosion of his emphatically promised Obamacare replacement bodes poorly for all of Trump’s plans. Fox’s...Show More Summary
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the February 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 post Wage Growth after the Great Recession appeared first on The Big Picture.
Just as Yellen & Co. has finally decided that 'Everything is Awesome' and started raising interest rates (the timing of which we're almost certain was in no way influenced by the conclusion of the recent election cycle), signs continue to mount that global economies are not as healthy as the Fed suddenly believes them to be. Show More Summary
Last year, Dr. Alan Beaulieu, President of ITR Economics, predicted a mild recession in 2019 followed by the next Great Depression in 2030. Several months and one presidential election later, Beaulieu is sticking to his original vision: on the...
The real estate market is heating up again after the devastation of the great recession, particularly in retirement meccas like the Carolinas, Florida, Texas and Arizona. Much of the activity comes from retirees selling their family homes in the north and moving to the sunbelt. Show More Summary
Apropos of nothing in particular, I got curious this morning about illegal immigration and field workers. About half of all field workers are undocumented, so if there's been a surge of illegal immigration lately, as some have speculated, you'd expect to see the wages of field workers decline. Show More Summary
Employers added a healthy 235,000 jobs last month, showing economy is on track seven years after the Great Recession's end
Is Amazon really the killer everyone says it is? More retailers are on the brink of death than any time since the Great Recession, according to ratings firm Moody's. Hundreds of department stores are closing, and once-chic clothing brands...Show More Summary
America's ongoing recovery from the Great Recession has pulled a larger percentage of young adults off the sidelines and into school or a job than has been the case in years. Read morements
Long-term unemployment is one of the most persistent consequences of the Great Recession, particularly in Spain, where external factors were compounded by domestic problems. This column analyses the mechanisms that worked to create such widespread and persistent long-term unemployment. Show More Summary
The following article by David Haggith is from The Great Recession Blog : Headwinds that are starting to assail deep structural flawsin the US and global economies form the basis for my 2017 economic forecast, which looks like an all-out economic crisis building throughout the world. Show More Summary
A few years ago Nate Silver took on some nonsense written by Kevin Hassett: It is no wonder that markets are imploding around us. Obama is giving us the War on Business. Imagine that some hypothetical enemy state spent years preparing a “Manchurian Candidate” to destroy the U.S. Show More Summary
Nick Rowe has a post discussing the post-2008 slowdown in trend growth, which has occurred in many countries. (I’ll focus on the US, which I know best). He suggests that the failure of monetary policy during the Great Recession may have increased perceptions of risk going forward, particularly relative to during the Great Moderation, when […]
Why abandoning Keynesianism in favor of neoliberalism set up the financial crisis and led to inadequate post-crisis responses.
The London Interbank Offered Rate (LIBOR) has now reached its highest level since the end of The Great Recession in June 2009 The post Twisted! LIBOR 3M Hits Highest Level Since End Of The Great Recession (Treasury Curve Twisted Since 06/30/09) was originally published at The Wall Street Examiner. Follow the money!
(Massachusetts Institute of Technology) The debt levels of large companies just before the Great Recession of 2007-2009 are strongly linked to local unemployment spikes during that time, a novel study co-authored by an MIT professor finds -- adding another dimension to our picture of the recent economic crisis.