Skyline, one of the most popular tiny homes at Caravan, has curb appeal with a shed roof, metal-and-shingle siding and twinkle lights. It’s an Obama world… Five years after the great recession millennials are obsessed with living in 200 square … Continue reading ?
The International Monetary Fund on Thursday urged the US to boost incomes for the poor, including raising the minimum wage, saying that would help sustain the country's rebound from the Great Recession. Senior IMF economist Deniz Igan...Show More Summary
NEW BRUNSWICK, N.J. – The protracted and uneven recovery from the Great Recession has led most Americans to conclude that the U.S. economy has undergone a permanent change for the worse, according to a new national study at Rutgers.Show More Summary
Although the recovery is strengthening, many feel as if the Great Recession has caused lasting damage to their quality of life
Stocksnapper/Alamy By JOSH BOAK WASHINGTON -- Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health. Seventy-one...Show More Summary
Rejoice! The federal budget deficit continues to fall and likely will total just $506 billion by the end of the current fiscal year. The economy’s gradual recovery from the 2007–2009 Great Recession, the waning budgetary effects ofShow More Summary
Annual budget deficits have plummeted as the economy has recovered from the Great Recession, falling to $506 billion in the fiscal year that ends in September, congressional budget analysts said Wednesday. But the overall national debt held by outside investors has continued to swell to more than 74 percent of the economy -- the largest […]
The Great Recession officially ended back in June 2009. We're now in the sixth year of the economic recovery and bull market. Are we overdue for another recession? "Recessions don’t happen because of a clock ticking," said Deutsche Bank's Torsten Slok. Show More Summary
In the new NBER paper on this topic by Daron Acemoglu, David Autor, David Dorn, Gordon H. Hanson, and Brendan Price, we see the evidence for this proposition piling up: Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable gains in employment rates it […]
Kevin Drum: Welfare Reform and the Great Recession "CBPP.... Welfare reform... in its first few years... >...seemed like a great success... but it was a bubbly economy that made the biggest difference. So how would welfare reform fare when it got hit with a real test? Answer: not so well. Show More Summary
In the first months of President Obama’s first term, with the nation mired in what would turn out to be the beginning of the Great Recession, Congress reluctantly passed a bill authorizing $787 billion in stimulus spending meant to jolt the economy back to life. Show More Summary
Labor Market Dynamics and Monetary Policy Chair Janet L. Yellen FRBKC Economic Symposium Jackson Hole, Wyoming August 22, 2014 In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the...Read More
Soon after I started blogging, I suggested that the importance of monetary policy would be clearly exposed by the way the recovery from the Great Recession played out. That was true in the Great Depression, where the role of money was not noticed during the first couple years of the 1930s, but became clearer as […]
Janet L. Yellen: Labor Market Dynamics and Monetary Policy: "In the five years since the end of the Great Recession... >...the economy has made considerable progress in recovering from the largest and most sustained loss of employment...Show More Summary
By The Energy Report: Like the economy as a whole, the Muhlenkamp Fund is still struggling to extricate itself from the morass of the Great Recession. Ron Muhlenkamp, founder of Muhlenkamp & Co. Inc., sees a forerunner to this downturn in the 1980-82 recession. Show More Summary
Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates. Yellen's...
Here is a very good piece by Binyamin Appelbaum, focusing on the research of Davis and Haltiwanger, here is one excerpt: Employment losses during the Great Recession may have had more to do with factors like the rise of Walmart than with the recession itself, two economists say in a new academic paper. The paper, […]
CBPP has posted a series of charts showing the effects of welfare reform on the poor over the past couple of decades. In its first few years it seemed like a great success: welfare rolls went down substantially in the late 90s while the number of poor people with jobs went up. Show More Summary
5 years after the Great Recession, what are the trends that are driving the U.S. economic recovery for small businesses?
Throughout the media the figure of $17 billion has been paraded out as the penalty Bank of America will pay for its crimes in the mortgage security market that led to the 2008 financial crisis and resulting Great Recession. But will BofA really be paying that much? If the other deals struck for the same crisis causing activity are any indication, no.