Torsten Slok of Deutsche Bank Research sent around two fascinating charts this morning implying that the jobs created during the recovery from the Great Recession have been mostly high-wage, measured both by education (college grads vs. Show More Summary
Former Federal Reserve Chairman Ben S. Bernanke launched a blog Monday, devoting his first post to a stout defense against critics of his policy of historically low interest rates to combat the effects of the Great Recession.
"It was 1943 and the Nazis were deporting Greece's Jews to death camps in Poland. Hitler's genocidal accountants forced the Jews to pay their train fare. The bill for 58,585 Jews sent to Auschwitz and other camps exceeded 2 million Reichsmark — over $27 million in today's money. For...
hink-progress: Black America Is Still In A Deep Recession The economy has experienced 12 straight months of job growth above 200,000 and the overall unemployment rate has dropped 5.5 percent. But the recovery isn’t such great news for black Americans.
Over the last few elections, the centerpiece of Republican campaigns has been to blame President Obama and Democrats for the slow economic recovery from the great recession. But now that...
Scott Timberg’s Culture Crash begins with a harrowing and by now familiar personal narrative of the Great Recession. In 2008, Timberg, an arts reporter for the Los Angeles Times, was laid off, a casualty of the infamous Sam Zell regime; soon after, the bank foreclosed on his family’s house. Show More Summary
“After the Great Depression, secular stagnation turned out to be a figment of economists’ imaginations……..it is still too soon to tell if this will also be the case after the Great Recession. However, the risks of secular stagnation are much … Continue reading ?
The Economic Policy Institute (EPI) released a new report this week that takes a deeper look at unemployment, particularly when it comes to racial disparities in the recovery from the Great Recession. The report, written by Valerie Wilson, argues that the projected decline in unemployment for 2015 won't lift African Americans out of the employment crater caused by the recession.
The suburbs of sunny metro areas are gobbling up the country, just like they were before the Great Recession.
"Oh no, I haven't gotten a new Easter dress yet!" my oldest daughter exclaimed from the recesses of her bedroom closet. We were smack in the middle of the Great Closet Cleanout, which happens approximately once a week since my children...Show More Summary
We are still in the grip of the Great Recession. Economic growth remains anemic and below its trend rate in most parts of the world. And what’s more, this state of subdued economic activity has been with us for over seven years.
Since the Great Recession, employment numbers have been low, income gains modest and debt and rent levels high -- all while access to credit has been tight. This combination has kept young homebuyers out of the real estate realm. According to recent reports, however, some of these constraints might be loosening, but will these changes be enough to turn the tide...
Ordinary Americans are still struggling in the wake of the Great Recession. Find out what you can do to be successful no matter how hard you're financially hit.
The great recession laid waste to the U.S. economy. Now debt collectors are feasting on the carrion
Before the recession, the Fed typically earned a profit of about $30 billion per year. After the Great Recession, their profits rose to the $70 to $80 billion range, as their balance sheet expanded. There was a time where the Fed actually was reluctant to engage in monetary stimulus out of fear that they would […]
The Great Recession and the rise of the Occupy movement helped to launch a wave of labor organizing among low wage workers over the past few years. A new documentary looks at one single labor campaign at a New York deli. Read more.....
At the beginning of every month, Sentier Research publishes an update of median household income from two months prior via Census Bureau data. Doug Short at Advisor Perspectives synopsizes the report and produces some explanatory charts. Show More Summary
Ryan Cooper has a piece in The Week on market monetarism: During the dog days of the Great Recession, several economists developed a persuasive case that the Federal Reserve was badly bungling monetary policy. Led by Scott Sumner, these “market monetarists” argued that the Fed should be far more prepared to unleash monetary stimulus. To […]
The Federal Reserve announced it would consider raising the nation's benchmark interest rate in June for the first time since the Great Recession. Andrew Hamilton, vice chancellor of England's Oxford... To view the full story, click the title link.
The Great Recession sparked the interest in the link between financial conditions and employment. This column describes results from a new model of labour and finance, incorporating financial imperfections and borrowing constraints. The results uncover a complementarity between firms holding cash and labour market imperfections. Show More Summary