by New Deal democrat Watching aggregate sales and payrolls Way back in the depths of the Great Recession in 2009, I used to hear a lot of comments like, “How can people buy anything, when they don’t have jobs?!?” But the truth is, as I pointed out at the time, that sales lead jobs. This […]
THE ISSUE: The financial crisis that struck in 2008 touched off the worst recession since the 1930s Great Depression, wiping out $11 trillion in U.S. household wealth and leaving about … Click to Continue »
THE ISSUE: Tepid income growth and shrinking opportunities for blue-collar workers have kept many Americans anxious about jobs and the economy, seven years after the Great Recession ended. The unemployment … Click to Continue »
In the years preceding the Great Recession there was a dramatic rise in household debt in the US, and an increase in import competition triggered by the expansion of China and other low-wage countries. This column uses consumer credit data to argue that these phenomena are intimately linked. Show More Summary
Authored by John Mauldin via MauldinEconomics.com, I would argue that the Great Recession was a result of a massive monetary policy error. The Fed kept rates too low for too long, which—when coupled with lax or no regulation in the mortgage markets—resulted in a housing bubble and a crash. Show More Summary
Twenty-three states are continuing to spend less per student in the 2016-2017 school year than they were in 2008.
The following article by David Haggith was published first on The Great Recession Blog : The Federal Reserve is, at last, acknowledging at top levels and in fairly clear language that its economists are completely baffled, its recovery...Show More Summary
Will subprime credit card loans fuel the next Great Recession? The post Will Subprime Credit Card Loans Fuel the Next Great Recession? was originally published at The Wall Street Examiner. Follow the money!
The number of flipped houses is at a six-year high. But while such rapid turnover helped fuel the housing crisis a decade ago, advocates and analysts say the current wave is helping to ease a shortage of affordable housing in … Continue reading ? The post Six years after the Great Recession, house flipping is on the rise appeared first on PBS NewsHour.
“Nobody should be surprised, because back in the Great Recession, when millions of jobs across America hung in the balance, Donald Trump said rescuing the auto industry didn’t really matter very much. He said, and I quote again, ‘Let it go.’ Now, I can’t imagine that. I supported President Obama’s decision to rescue the auto […]
Sales up, stock down. That's the reality at Ford these days, as the automaker has ridden a wave of recovering pickup truck and SUV sales, bouncing back from the darkest days of the Great Recession when General Motors and Chrysler — the...Show More Summary
Although Bob Dylan won a Nobel Prize (for singing off key), his song “Don’t Think Twice, It’s Alright” is appropriate for this economy. That is, don’t think about why the US is really slow to recover from The Great Recession. The post...Show More Summary
Submitted by John Rubino via DollarCollapse.com, It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth around the world is anemic – which...Show More Summary
This article by David Haggith was first published on The Great Recession Blog: Wars and rumors of wars are now filling the headlines as listed below with the most immediate top-level rumors of war being created by Russia among its own...Show More Summary
Did prime-age men leave the labor force in huge numbers during the Great Recession and then never come back? One way to test this is to look at the trend from 1976-2007 and then extend the line to 2016. If it matches the actual data from 2016, then nothing special happened. Show More Summary
Financial empowerment is the key to self-reliance. As such, it is important for future retirees to take care of their finances today. The "Great Recession" was an eye-opener on many fronts, especially on the issue of defined contribution plans. Today, corporate America is working with their employees to ensure that they take control of their financial present and future.
Federal Reserve Chair Janet Yellen says the slow recovery from the Great Recession has surprised economists, confounding long-held beliefs about growth and inflation. Her remarks at an economic conference may … Click to Continue »
IT WAS just a few months into the presidency of Barack Obama that America crept out of the Great Recession and into the current expansion. With just three months to go in his second term, Mr Obama seems likely to pass that expansion on to his successor.
Debunking the claim that extending unemployment insurance during the aftermath of the crisis was a bad idea.
(October 13, 2016 10:46 PM, by Scott Sumner) This Washington Post story (by Ylan Mui) from a couple months back makes me kind of sad: During the long recovery from the Great Recession, the central bank kept its benchmark interest rate at virtually zero and pumped trillions of... (0 COMMENTS)