Quote of the week (Well... actually, quote of the decade): “Storm clouds are coming.” -- Gary Keller, co-founder of Keller Williams. When? 2005, when he predicted the Great Recession and poised his feisty firm to truly compete with the big guys...
There is a reason why it has taken so long to emerge from the Great Recession. And the Republican leaders of the House and Senate with their new majorities exemplify why we have barely emerged from it. They just don't get it. Their policies that continue to distribute wealth upward harm not only economic growth, but our place in the world. Show More Summary
Prior to the Great Recession, which lasted from December, 2007 to June, 2009, inflation-adjusted U.S. Gross Domestic Product (GDP) peaked in the fourth quarter of 2007. It took 14 quarters to eclipse that level. By the third quarter of 2011, economic activity was finally back to pre-recession levels. Show More Summary
The economy has recovered considerably since the depths of the "Great Recession." And the stock market continues to set all-time highs. But we still have work to do. America in the 1930s... America on November 21, 2014... Join the conversation about this story »
Reassessing the Effects of Extending Unemployment Insurance Benefits Pedro S. Amaral and Jessica Ice To deal with the high level of unemployment during the Great Recession, lawmakers extended the availability of unemployment benefits—all the way to 99 weeks in the states where unemployment was highest. A recent study has found that the extensions served to...Read More
The economic decline observed in world markets since 2008, dubbed the "Great Recession," continues to have a negative effect on young adults' well-being, according to a recent study. UNICEF's "Children of the Recession" report, released...Show More Summary
Forget the great recession. According to the world’s largest chocolatiers, we’re about to enter a great chocolate depression, and it's our own fault. The Washington Post reports that Mars Inc. and Barry Callebaut have unveiled statistics that show consumption
At Moneywatch: The Permanent Effects of the Great Recession It was edited quite a bit, e.g. here is my opening for comparison: Economists have long believed that shocks to aggregate demand are temporary. It might take time to return to...
Americans are feeling better about their finances than at any time since the Great Recession of 2007-09, but that doesn't mean they are ready to go on a spending spree.
Conventional economic wisdom says the U.S. will fully rebound from the housing crash -- here's why that may not be true
In recent years Chicago Public Schools joined the rest of the country in getting scorched by the Great Recession. It looks like the district got outplayed by its bankers too. "Borrowing Trouble," a three-part series by the Tribune's Jason Grotto and Heather Gillers, explored how CPS, under...
By Douglas Holtz-Eakin, American Action Forum It is no secret that the U.S. labor market has struggled in the aftermath of the Great Recession. The unemployment rate has remained elevated, labor force participation is at 30-year lows, and real wage growth has been missing in action.
To the editor: There is a need to save Barack Obama's presidency? A presidency that has, as McManus mentions, "ended the Great Recession, brought two wars to a close and made health insurance available to millions"? ("Can Obama's presidency be saved?," Op-Ed, Nov. 8)
In the wake of the Great Recession, some investors need a catch-up investment strategy.
Catamaran Corp., Cantel Medical, and Emergent BioSolutions all gained ground during the Great Recession, suggesting that they might be good stocks to watch if markets head south.
Sylvain Leduc and Glenn Rudebusch of the Federal Reserve Bank of San Francisco. The aging of the labor force, weak productivity growth, and possible long-run supply-side damage from the Great Recession have all suggested recently that the potential growth rate...
Five years after the Great Recession reshaped the global economy, charitable giving is making a big comeback.
Slow Recovery in Wages and Salaries Continues despite Strong Jobs Growth LaVaughn M. Henry Economic Trends, 11.05.14 After enduring the worst recession since the Great Depression and seeing higher levels of unemployment than at any other point in their lifetime, Americans have been finding jobs at an increasing rate. However, the workplaces...Read More
The subprime lending market that plunged America into the Great Recession is back and as unscrupulous as ever. Instead of mortgages, this time a bubble has formed around auto loans, and reliably ruthless Uber is in the thick of it. Two...Show More Summary