The post Household Debt and the Great Recession appeared first on The Big Picture.
As e-commerce continues to transform how Americans buy their goods, store closures in American malls and shopping centers ”are on pace this year to eclipse the number of stores that closed in the depths of the Great Recession.” More workers in general merchandise stores have been laid off since October, about 89,000 Americans. Show More Summary
Prior to the Great Recession, many European regions witnessed the emergence of economies which were impervious to changes in the business cycle (or ‘sheltered’ economies). We know little about how such regions coped with the Global Crisis. Show More Summary
I read a great article by James Surowiecki in the New Yorker the other day titled "Hanging Tough." In the piece, James gives a historical perspective on companies that thrived and grew during previous recessions by increasing spending...Show More Summary
Thomas Edsall writes that as we recovered from the Great Recession, big cities did pretty well but rural areas didn't. "The fact that people living outside big cities were battered so acutely by the recession goes a long way toward explaining...Show More Summary
When the nation’s oldest operating General Motors assembly plant closes, residents emerge from the Great Recession into an uncertain future.
The following article by David Haggith was first published on The Great Recession Blog: The Korean missile crisis has never been hotter. Trump is turning the screws on everyone to force action. China, Japan, and South Korea join in threatening...Show More Summary
Do youths graduating in a recession incur permanent losses? Penalties may last ten years or more Bart Cockx Ghent University, Belgium, and IZA, Germany Elevator pitch The Great Recession that began in 2008–2009 dramatically increased youth unemployment. Show More Summary
World War II and the origins of domino theory. Henry Farrell on the debate over mainstream economics in the Great Recession. HMS Ocean to Brazil? The Royal Navy’s reaction to the Civil War ironclads. Everything you wanted to know about Russian SOF, but were afraid to ask because the Russians might kill you. What did […]
More evidence that austerity is a bad idea.
The following article by David Haggith was published on The Great Recession Blog : During the first several years of the Fed’s “recovery” program, bankers denied that banks were the primary drivers of the stock market bull. Then, a little...Show More Summary
Over the past two weeks, academic economists (and a couple of bystanders) have been arguing about why economics wasn’t able to guide policy better during the Great Recession. Some blame nonacademic economists. Others blame prominent academics. Others still say that economic advice doesn’t really matter, because politicians will pay attention only to the advice that […]
Going to School on Labor Force Participation John Robertson Atlanta Fed’s macroblog, April 11, 2017 In the aftermath of the Great Recession, labor force attachment declined. However, that pattern has been reversing itself lately. Show More Summary
The following article by David Haggith was pubished on The Great Recession Blog: If the @realPresident wants #realTaxReform, he should forget about trying to redesign the albatross, and go for a change so big that it’s completely transformative. Show More Summary
Austerity policies implemented during the Great Recession have been blamed for the slow recovery in several European countries. Using data from 29 advanced economies, this column shows that austerity policies negatively affect economic performance by reducing GDP, inflation, consumption, and investment. Show More Summary
The Great Recession hit Shirley Green hard. The 65-year-old had moved to Florida from Denver during the housing boom, but she lost her home when the real estate bubble burst. She filed for bankruptcy.
The March jobs report is out and there is good news and bad news. host=anthonybsanders.wordpress.com&blog=31838139&post=4199&subd=anthonybsanders&ref=&feed=1" width="1" height="1"/> The post Jobs Report: March Wage Growth Slows To July...Show More Summary
It's been more than seven years since the 'great recession' officially ended, but while Fed policies have successfully generated massive asset bubbles which have accrued solely to the benefit of America's wealthiest, the majority ofShow More Summary
(April 5, 2017 08:36 AM, by Scott Sumner) One of the puzzles of the Great Recession is why the Fed did not move more aggressively to promote recovery in NGDP growth and/or inflation. Many observers, including Christina Romer and Lawrence Ball, noted that the Fed's passivity seemed to... (2 COMMENTS)
As U.S. equity markets continue their march back toward all-time highs, courtesy of the latest BTFD binge trade, at least one 'small' segment of the U.S. economy does not seem to be participating in the rally as 9 brick-and-mortar retailers have already filed for bankruptcy protection in 1Q 2017 alone. Show More Summary