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Tag Archives: depression 2.0
President Barack Obama has got to be pleased about this. The New York Times today: “Six months ago, when the president took office, we were talking about whether recession would become depression,” Lawrence H. Summers, the White House’s top economic … Continue reading
The New York Times today says the recession may be over: The index of leading indicators, which signals turning points in the economy, is rising at a rate that has accurately indicated the end of every recession since the index began … Continue reading
When the midterm elections hit in the Fall of 2010, it’s probably not likely that the unemployment picture will look all that much better than it does today (at least if a Wall Street Journal panel of economists’ forecasting is in … Continue reading
Unregulated Capitalism Doesn’t Work? Is This the Lesson We Should Take from the Current Financial Debacle?
A reader at Andrew Sullivan’s The Daily Dish makes an interesting observation: One of the most powerful lessons of history was certainly played out in the 43 year period between the end of Word War II and 1988. By the … Continue reading
Don’t Buy Yet?: Yale Economist Robert Shiller Thinks the Housing Market is Only Halfway to Its Bottom
Yale economist, Robert Shiller, thinks we are only halfway to the bottom of the housing market, and, in consequence, that the economy’s general recovery is still 3-5 years off. See a five minute interview with Shiller, and a chart that he … Continue reading
Late Word: 8 Billion in the Stimulus Package for a Los Angeles to Las Vegas Super High-Speed Railway!
Yes we can! This today according to the AP: In late-stage talks, Obama and Senate Majority Leader Harry Reid, D-Nev., pressed for $8 billion to construct high-speed rail lines, quadrupling the amount in the bill that passed the Senate on … Continue reading