By Wolf Richter of WolfStreet Even the Fed put commercial real estate on its financial-stability worry list. No, the crane counters were not wrong. In 2017, the ongoing apartment building-boom in the US will set a new record: 346,000...Show More Summary
Dodd-Frank Law Protects Working People, We Should Protect It Wall Street greed, unregulated, leads to things like the Great Recession. Letting the richest 1% of Americans, big corporations, and their political allies write the rules that govern our economy cost working people trillions of dollars. Show More Summary
The worst layoffs of 21st-century America affected the finance, retail, and automotive industries the most. Banks cut workers during the Great Recession, Boeing cut workers after Sept. 11, the US Army cut workers during political budget battles, and stores continue to cut workers thanks to Amazon. Using data from an...
By Chris Puplava – History books refer to the last economic slowdown we experienced, triggered by the 2007-2008 financial crisis, as the Great Recession. Its impacts were so severe—the worst global recession since the Great Depression...
Women and blacks took hardest hit, according to a survey. Nearly 2/3rds of Americans believe their financial security and recovery is in their own hands.
HERE WE GO AGAIN? New U.S. Subprime Boom, Same Old Sins: Auto Defaults Are Soaring. Subprime car loans have been around for ages, and no one is suggesting they’ll unleash the next crisis. But since the Great Recession, business has exploded. In 2009, $2.5 billion of new subprime auto bonds were sold. In 2016, $26 […]
More children are living in high-poverty neighborhoods following the Great Recession - a troubling shift because children in these neighborhoods are a year behind academically, according to new research from researchers at Rice University, the University of Pennsylvania and the University of Wisconsin.
A simulated universe created by Swinburne University of Technology and The University of Melbourne has revealed galaxies emerging in the first billion years after the Big Bang were experiencing a recession.
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June 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
Federal Reserve officials are pretty proud of their plan to reduce their balance sheet following a sharp expansion during and after the Great Recession. Policymakers are especially excited they were able to announce the plan's contours...Show More Summary
(July 14, 2017 11:41 AM, by Scott Sumner) David Levey directed me to a post by Douglas Campbell describing the climate of opinion within the Fed during the Great Recession: Even as the economy was tanking in 2008 and 2009, Bell writes that "Warsh adopted a skeptical and... (0 COMMENTS)
The following article by David Haggith was published first on The Great Recession Blog : One of the kookiest moments last month came when Fed Chairwoman Yellen spoke about seeing no financial collapse in sight during our lifetimes “Would I say there will never ever be another financial crisis? No. Show More Summary
The Great Recession might be over but make no mistake about it: Americans are still in financial turmoil. According to a recent study released by GoBankingRates, 49 percent of Americans live paycheck-to-paycheck. This means nearly half of the country is barely scraping by with their income —struggling to cover monthly expenses, let alone contribute to a savings fund. READ MORE »
The price of Brooklyn homes skyrocketed during the second quarter of the year—again. The borough’s explosive growth has continued nearly unabated since the Great Recession. At a time when... To view the full story, click the title l...
``... evidence is mounting that the Great Recession may have drawn attention away from a slow rot that has been eating the U.S. economy since the turn of the century... Those two trends are slowing productivity and reduced labor-force participation...''
In its race against rapidly aging Europe and East Asia, America’s relatively vibrant nurseries have provided some welcome demographic dynamism. Yet, in recent years, notably since the Great Recession and the weak recovery that followed, America’s birthrate has continued to drop, and is now at a record low. Nowhere is this decline more marked than […]
By Aaron Glantz / Reveal One of President Donald Trump’s closest friends, Southern California billionaire Thomas J. Barrack, took advantage of the Great Recession for his own profit.
Law degree at 28; blossoming legal career at 35; smiling family at 40. Or so I thought. Somehow my tickin’ clock overlooked the Great Recession, mind-numbing legal positions, and familial strife. Entering law school in 2004 (with a forceful push from an overbearing father), I […]
Eight years after the Great Recession ended, the economy is steadily churning out jobs, and the unemployment rate is at a 16-year low. Yet for most Americans, a key measure … Click to Continue »