recessions

Recession ended in June 2009: NBER Naturally this is based on cold calculations of some GDP related numbers.. But woohoo!

Obama gave a great speech today punching the GOP right between the eyes. He pointed out that it was the GOP and it's ideology that led to the great recession. That it was their economic policies that we tried that brought our country to the toilet. He pointed out that they want to implement...

Part of the fun of discussing econ is, of course, putting your beliefs to the test and seeing how they measure up. A double dip recession is defined broadly as a recession followed by a short-lived recovery, followed by another recession. Take "likely" to mean greater than a 50% chance. I...

Is the US economy in recovery or is it entering a Depression? 'Update on America's Second Great Depression (Part 1)': http://www.avaresearch.com/article_details-519.html

http://www.slate.com/id/2245328/pagenum/all/#p2 I read this over at Slate. I can't decide if this guy is being honest or misrepresenting what is really going on. It may very well be his take on the whole thing but is there any validity to this "parable" he proposes? I particularly like the...

It appears things are not going to be getting better very soon ... economies are still not growing. Why do I feel the worst is yet to come?

existentialistcowboy.blogspot.com/2009/06/feast-of-unrepentant-wingnuts.html Sorry if i am spamming. I just wanted a few things cleared up from this blog.

A bit early to pop the champagne corks I know, but Australia is the only advanced economy not in recession (as strictly defined): http://business.theage.com.au/business/australia-dodges-recession-20090603-buyq.html I am not at all a fan of the Rudd government, but the $A70billion or so...

Is it even remotely possible for the powers that be to create a recession. Why or why not?

Obamavilles are growing. Redistribute the poverty!

According to various news sources, "psychics" appear to be doing quite well during rough economic times. Here are a few reports: North Carolina: Virginia: Vermont: Philadelphia: Georgia: What's the best response strategy for skeptic groups to the rising turn to psychics? If more...

My father-in-law, who is a very intelligent, well-read lawyer with a degree in economics (though from the 70's), success in the market and owns and operates his own practice quite well. He does not believe we are in a recession at all or at least believes that the economic gloom-and-doom so oft...

Dear Middle America, Your greedy and irresponsible acquisition of home loans you cannot afford, your insistence on living outside your means, and your support of an unjustified and costly war has caused your economy to stutter on the brink of collapse. But know, that in your selfishness and...

Another one bites the dust... Circuit City to liquidate remaining US stores Ouch :boxedin:

I wonder, what would happen if the scenario of reaching the point of the great depression becomes real. No, this thread is not about "we are not there yet" or "that will never happen". It is an hypothetical question about what would happen.

During this economic crisis, its a good time to remember the analysis of the Great Depression by Murray Rothbard. He clearly lays the blame for the Depression on the expansion of the supply of credit, but most importantly, his prescription for quick recovery is laissez-faire: From America's...

So the stock market lost almost TWICE as much yesterday then the proposed bailout that was supposed to save us all. Yet the world did not come to an end! The overseas markets, while not rose are still OK http://money.cnn.com/2008/09/30/markets/stockswatch/?postversion=2008093007...

I'm curious to hear, especially from those knowledgeable in economics, where things might be headed in terms of the U.S. economy. There seems to be a fear among some folks, perhaps irrational, that we won't recover from the likely recession, and even that this could mean that the empire will...

http://msnbc.msn.com/id/5474477/ WASHINGTON - Federal Reserve Chairman Alan Greenspan said Wednesday that President Bush’s three rounds of tax cuts prevented a severe recession and helped spark the current economic recovery.

The National Bureau of Economic Research (NBER) is re-evaluating the data and may come to the conclusion that the recession started in nov 2000 rather than previously calculated mar 2001. Apparently, political hay may be made if the former is the final determination, though it seems irrelevant...