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Millenneals Are Obsessed With Living in 200 Square Foot Mini-Homes

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 ?

IMF: to fight poverty, US should hike minimum wage

17 hours agoNews : The Newsroom

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

After Great Recession, Americans are unhappy, worried, pessimistic, Rutgers study finds

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

Americans fear U.S. economy is permanetly scarred

Although the recovery is strengthening, many feel as if the Great Recession has caused lasting damage to their quality of life

Survey: Americans' Pessimism Over Economy Rises

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

CBO Warns Anew of Uncontrolled Long-Term Debt Risk

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

CBO: Deficit falls to $506 billion in 2014, but debt continues to rise

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 Market Expects The US Economy To Expand For Another 5 Years

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

Import Competition and the Great U.S. Employment Sag of the 2000s

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 […]

Morning Must-Read: Kevin Drum: Welfare Reform and the Great Recession

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

The 2009 Stimulus Stopped the US From Falling into a Deep Abyss

3 days agoNews : The Newsroom

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

Yellen’s Jackson Hole Speech: Labor Market Dynamics and Monetary Policy

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

Better late than never, but early is better still

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 […]

Weekend Reading: Janet Yellen: Labor Market Dynamics and Monetary Policy

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

Musings On The Second Great Recovery Experiment And The Promise Of Natural Gas: Ron Muhlenkamp

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

Yellen: Job market makes Fed hesitant on rate hike

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...

America’s economic problems predated the Great Recession

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, […]

Chart of the Day: Welfare Reform and the Great Recession

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

Five Trends in the Post-Recession Economy

5 years after the Great Recession, what are the trends that are driving the U.S. economic recovery for small businesses?

Will Bank Of America Really Pay $17 Billion For Mortgage Fraud That Led To 08? Crash?

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.

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