[Over at Equitable Growth:](http://equitablegrowth.org/2014/07/13/department-wtf-chris-house-traditional-macroeconomic-models-great-recession/) Can anyone put forward a credible explanation for this? Chris House (July 13, 2014): Traditional Macroeconomic Models and the Great Recession: "Commentators like Paul Krugman... Show More Summary
Bill Gates reviews Timothy Geithner’s memoir “Stress Test,” which sheds light on how the former Treasury Secretary and his colleagues battled the Great Recession.
Coen Teulings, 11 July 2014 The financial crisis and the Great Recession have led to calls for more economic history in economic education. This column argues for a much broader use of history in economics courses, as a device for teaching both the logic and the empirical relevance of economics. Show More Summary
The good news? Automakers are enjoying a sales boom in the United States the likes of which haven’t been seen since the Great Recession brought the hammer down, with June 2014 sales alone surpassing those in July of 2006. Should the boom continue, 2014 will close as the industry’s best year in a long time, […]
By Michael Lee: Aluminum is trading at the lowest levels since the Great Recession (Exhibit 1). This is primarily due to increased production combined with current high levels of world aluminum stocks (Exhibit 2). A strong downward trend beginning in 2010 has provided pricing advantages to end-users of the metal. Show More Summary
Motorola Connect is great service, and now it's no longer buried deep in the recesses of your Moto phone's settings. The update brings an updated look and feel for the app, as well as actually making the app a, well, an app. Motorola...Show More Summary
Last month employers in the U.S. added 288,000 jobs. It marked the best five month stretch of job creation since 2008 and the U.S. economy has now officially recovered from the job losses of the last great recession. Of course this is great news for everyone. Show More Summary
By Brad Thomas: Before, during and after the Great Recession the one asset class that seemed to weather the storms the best is self-storage. While most other asset classes encountered devastation, the self-storage sector has become noticeably stronger. Show More Summary
"Faith-based economics": Beliefs, Facts and Money, by Paul Krugman, Commentary, NY Times:...On the eve of the Great Recession, many conservative pundits and commentators — and quite a few economists — had a worldview that combined faith in free markets...
Since the financial crash of 2008, one of the biggest guessing games in the U.S. economy and markets has centered on interest rates — and when they would finally rise from the historic lows that followed the Great Recession.
Matt O'Brien: Nevermind the headlines, tomorrow’s jobs report is all about discouraged workers: "Is the stronger labor market bringing back discouraged workers?... >The Great Recession didn't just create an unemployment crisis. It created a shadow unemployment crisis, too. Show More Summary
Andrew Fieldhouse: 5 Years After the Great Recession, Our Economy Still Far from Recovered: "This June marks the five-year anniversary of the end of the Great Recession... >...but champagne toasts would be distastefully premature, as the U.S. Show More Summary
Hope y'all are having a great Independence Day. I'm still recovering from staying up all night for Hurricane Arthur. VA Viper has some very good Independence Day links. Yeah, this economy is Obama's. The redistribution recession....
America's economic recovery in the wake of the Great Recession has been lousy — undeniably so. By multiple measures, including inflation-adjusted GDP growth, unemployment, and the pre-recession long-term growth trend, this has easily been the weakest recovery since the Second World War. Show More Summary
Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost
Dietz Vollrath: Pricing Power and Lower Potential GDP: One of the results of the Great Recession has been a severe downward revision in potential GDP across many countries. Laurence Ball just had a Vox post on this..., finding that potential...
JPMorgan Chase CEO Jamie Dimon, a feisty leader who steered the banking company through the perils of the Great Recession, is battling throat cancer. The condition is considered to be curable, according to a memo to JPMorgan Chase & Co. Show More Summary
Both big and small banks are approving a higher percentage of loan applications than at any time since the Great Recession. Here's why this is good news for small business owners and the economy.
Deep recessions do long-term damage: The Great Recession’s long-term damage, by Laurence Ball, Vox EU: According to macroeconomics textbooks, a fall in aggregate demand causes a recession in which output drops below potential output – the normal level of production...
Don't blame the Great Recession for making us permanently poorer. Blame our policymakers for letting it. This concept is called hysteresis, and it's the idea that a long enough slump can maim the economy's long-run potential. That's because 1) too little investment today can keep us from growing as much tomorrow, and 2) too few jobs […]