The Great Recession has been characterised by an unprecedented decline in GDP, and unemployment rates remain above pre-Great Recession levels in many countries. This column argues that economic growth is a ‘one size fits all’ solution...Show More Summary
Americans’ positive feelings about the economy have officially returned to the level they were at on the eve of the Great Recession, according to a new study from Pew Charitable Trusts. While that might sound comforting, it doesn’t mean...Show More Summary
New American homes were bigger than ever last year, according to data from the U.S. Census Bureau. After a few years of shrinkage in the aftermath of the Great Recession, the median square footage of newly-built homes last year tipped the scales at over 2,400 square feet. That's nearly 1,000 square feet larger than the […]
As the Great Recession decimated U.S. job growth, one sector continued to thrive: biotechnology. Encompassing everything from medical device manufacturing to biopharmaceutical development and the latest diagnostic tools, this industry will no doubt frame humanity's most important advances in...
The settlement is the latest in a string tied to the mortgage practices that led to the housing bubble, which was mostly responsible for the great recession.
A few weeks ago I sat down for an exciting interview about my new collaboration with StreetAuthority. In it, I revealed important details about the latest version of my time-tested and very profitable
By Alfredo Ortiz, The Las Vegas Review-Journal The decreasing unemployment rate and climbing gross domestic product have some overly optimistic politicians and pundits crowing that the Great Recession is behind us. However, their declaration of victory rings hollow for many in the middle class who have yet to see or feel tangible benefits of the supposed economic recovery.
Exporters are better able to weather shifts in the economy and during the recent deep recession they were able to continue to grow while non-exporters who survived, shrank. 2 Small and Medium-Sized Enterprises: Characteristics and Performance, United States International Trade Commission, Publication 4189, November 2010, Washington, DC,xii
Did you know it has been six years since President Obama murdered the American economy with his bare hands and some so-called “stimulus” spending? This is a true fact, according to Speaker John Boehner, who is crying — more than...Show More Summary
Years of economic upheaval, along with the Great Recession, have left many U.S. cities financially battered
Today, we’re fortunate to have David Papell and Ruxandra Prodan, Professor and Clinical Assistant Professor of Economics at the University of Houston, as Guest Contributors. While the Great Recession of December 2007 to June 2009 ended over five years ago, the recovery has been characterized by very slow growth. The Congressional Budget Office has recently […]
The deep U.S. recession of 2007-2009 caused lasting damage to many areas of the U.S. economy. Worker productivity growth, however, is not one of them, according to researchers at the Federal Reserve Bank of San Francisco.
Over the past few weeks, Republicans have become oddly troubled about the state of the American economy. It's not just that recovery from the Great Recession has been slow. Their big concern is that income inequality is growing. Middle-class wages are stagnating. Show More Summary
Though subprime auto lending is growing, lenders believe a new credit bubble isn’t on the horizon as it was in the runup to the Great Recession. Bloomberg reports 20 percent of all auto-loan originations are in the subprime category, compared to the peak of 30 percent prior to the financial collapse seven years ago. Show More Summary
A couple of years ago a new narrative emerged about the role that income inequality may have played in the boom/bust cycle that ended in the Great Recession. In a nutshell, it goes like this: Middle class incomes stagnated during the...Show More Summary
Youth unemployment has been at the forefront of political and academic debate since the unfolding of the Great Recession in 2008, exploited to a greater or lesser extent by the contenders of most elections that have taken place across Europe since then. Show More Summary
But economist stresses job growth must continue at current rate for years to make up for the plunge in incomes seen during the Great Recession
What role did the rich play in causing, propagating, and amplifying the Great Recession?: The rich and the Great Recession, by Bas Bakker and Joshua Felman Vox EU: Many academic papers about the Great Recession in the US have focuse...
Much research about the Great Recession in the US has focused on the boom-bust in housing wealth and spending of the middle class. This column argues that a large role was actually played by the rich. The savings rate of the rich went...Show More Summary
For state and local finance geeks, nothing is more fun than poring over the Census Bureau’s Census of Governments. The agency only updates the data every five years, so imagine my excitement when it released its latest version (for 2012) just a few months ago. Show More Summary