Tag: Great Recession
-
Current Recession vs Double Dip Recession in the Early 1980s
Conversable Economist: The Potential GDP Perspective on Business Cycles A few themes jump out from looking at the data in this way: 1) If the Great Recession is measured according to how far the economy had fallen below potential GDP, it is actually quite similar to the effects of the double-dip recession in the early…
-
The Recession Has (Officially) Ended
New York Times: The Recession Has (Officially) Ended The recession officially ended in June 2009, according to the Business Cycle Dating Committee of the National Bureau of Economic Research, the official arbiter of such dates. As many economists had expected, this official end date makes the most recent downturn the longest since World War II.…
-
Gen Y-ers got the message from recession
Star Tribune: Gen Y-ers got the message from recession Twenty-somethings are coping with the recession by reining in spending and growing more risk-averse, setting the stage for lifelong behaviors. Like many of us, Ashley Frerich of Marshall, Minn., scaled back this Christmas, setting a dollar limit for presents and buying everything on sale. But several…
-
A Tale of Two Depressions
Vox: A Tale of Two Depressions (HT: John Lunn) Editor's note: The 6 April 2009 Vox column by Barry Eichengreen and Kevin O'Rourke shattered all Vox readership records, with 30,000 views in less than 48 hours and over 100,000 within the week. The authors will update the charts as new data emerges; this updated column…
-
Springtime for US Economy Could Start This Month
Carpe Diem: Springtime for US Economy Could Start This Month It took me a minute to figure this out, but if you look at the red line in the chart, that is the current recession. It appears to have moved passed its peak. With History as an indicator, things should begin to improve in the…
-
The “Man-Cession” Worsens, Record M-F Gap
Carpe Diem: The "Man-Cession" Worsens, Record M-F Gap According to today's BLS labor report, the gap between the male jobless rate (8.3%) and female jobless rate (6.7%) widened to 1.6%, which is the largest male-female jobless rate gap in BLS history (back to 1948).
-
The Economy Is Bad, but 1982 Was Worse
New York Times: The Economy Is Bad, but 1982 Was Worse You often hear that we are now living through the worst recession since the early 1980s, and the comparison is not wrong. But it’s ultimately unsatisfying, because it is a little too vague to be useful. Is the economy only a little worse than…
-
Memories of the Great Depression shared by four Flint women contrast with today’s economic crisis
Flint Journal: Memories of the Great Depression shared by four Flint women contrast with today's economic crisis GENESEE COUNTY, Michigan — To those who lived through the Great Depression — people now in their 80s and 90s — today's economic conditions don't come close to rivaling the distress of the Great Depression. "When I see…
-
Into the storm
The Economist: Into the storm How the emerging world copes with the tempest will affect the world economy and politics for a long time. FOR much of the past year the fast-growing economies of the emerging world watched the Western financial hurricane from afar. Their own banks held few of the mortgage-based assets that undid…