Authored by Steve H. Hanke of The Johns Hopkins University. Since the Great Recession, politicians have obsessed over bashing banks and bankers. According to Pols of all stripes, bankers caused the 2008-09 crash and ensuing slump. To...Show More Summary
Authored by Steve H. Hanke of The Johns Hopkins University. The Great Recession of 2008-09 brought with it quantitative easing. This, in turn, spawned a cottage industry of books, articles and blog posts about hyperinflation. The burgeoning...Show More Summary
Morgan Stanley is paying $3.2 billion for its part in the subprime mortgage housing crisis that led to an economic meltdown and the Great Recession. The agreement includes a federal penalty of $2.6 billion announced by the US Department...Show More Summary
As the U.S. economic recovery gathered steam following the Great Recession of 2008-2009, business aviation lagged quarter after quarter, leading some industry observers to question whether a new paradigm was in play—one involving little or no correlation between corporate earnings and business aircraft demand. That’s still the prevailing view in some [...]
“Our purpose here is to consider preexisting conditions that made the arts sector particularly vulnerable to the recession, as well as to evaluate actions taken by arts leaders – first to stabilize their organizations, then to experiment with new approaches to delivering their missions.”
A Quicken Loans Super Bowl ad for its Rocket Mortgage service has brought the company accusations that it promotes a reckless lending environment like the one that contributed to a housing crash and the Great Recession. The ad toutsShow More Summary
Being "paid to wait" in high-yielding stocks last year was a death by 394 cuts. As Bloomberg reports, the number of dividend reductions far surpassed 2008, almost 100 more than at the outset of the Great Recession - a time when the implosion of Lehman caused equity markets to plummet in the later stages of the third quarter. Show More Summary
David Beckworth and I respond to our critics. How the Fed Made the Great Recession "Great"
The stock market downturn spooks many into thinking that a recession is imminent. It isn't. But the market slide has created some great value plays. Here are three of them.
Parallels are often drawn between the Great Recession of the past decade and the economic turmoil of the interwar period. In terms of global trade, these comparisons are based on obsolete and incomplete data. This column re-estimates world trade since the beginning of the 19th century using a new database that includes fewer developed countries. Show More Summary
Riding Greyhound from coast to coast, from the Great Depression to the Great Recession
American exports declined 5% in 2015, marking the first year since the Great Recession that exports fell in the US. Part of that decline was caused by a slowing global economy, which has caused less demand for American cars and electronics. Show More Summary
Hourly wages are still growing at a slightly better pace than in previous months. Wage growth since the Great Recession has remained fairly low, hovering around just 2%. This is most likely not high enough to support the Fed's stated inflation target of 2% year-over-year. Show More Summary
Scion will die an ignoble death absorbed back into the massive, generic brand it lamely tried to make cool. It didn't have to go down like this. Continue reading Scion was slain by Toyota, not the Great Recession Scion was slain by Toyota, not the Great Recession originally appeared on Autoblog on Wed, 03 Feb 2016 13:30:00 EST. Show More Summary
The report not only looked at economic growth from 2009 to 2014, but also how it came about and who exactly is benefiting from it. [ more › ]
The NYT had an article on different trade models that are being used to predict the impact of the Trans-Pacific Partnership (TPP). It reported on the projections from a model from the Peterson Institute which shows that the TPP would add 0.036 percentage points to the annual growth rate over the next 14 years. Show More Summary
In the midst of the Great Recession, Lynne DeLucia and Lisa Chedekel did the same thing many other journalists were doing: They launched a nonprofit news organization. It was impossible to know whether the venture would succeed, but they saw a need, and an opportunity. Five years later, DeLucia and Chedekel’s project, the Connecticut Health I-Team, is still around—and it...
By MARGALIT GUR-ARIE In his last State of the Union address, President Obama stated that “anyone claiming that America’s economy is in decline is peddling fiction”. I agree. The American economy has roared back from the Great Recession with 14 million new jobs, a ridiculously low unemployment rate, a booming stock market and 57 brand
The last few decades in the auto industry have certainly seen their ups and downs. The auto industry went from selling 17.3 million vehicles in 2000 to only moving 10.4 million units in the “Great Recession” of 2009. That’s fewer sales than in 1993 when the auto industry sold 13.9 million new vehicles. Show More Summary
Has Main Street regained its mojo? It's easy to feel like chain stores have taken over America, but a recent study indicates that local businesses, many of which suffered through the Great Recession, are once again growing. In fact, the growth rate for local businesses is outpacing the overall U.S. Show More Summary