Tag: recession
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Recession: Why We’re So Gloomy
Time (via Carpe Diem): Recession: Why We're So Gloomy Well, why are Americans so gloomy, fearful and even panicked about the current economic slump? U.S. consumers seem suddenly disillusioned with the American Dream of rising prosperity. Hard times are forcing some people to turn their back on the American Dream. "Whining" hardly captures the extent…
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A year in nine pictures
Economist: A year in nine pictures THE global property bust that pulled the world into recession in 2008 began to lift in 2010. House prices turned up in Britain and stabilised in America (chart 1) but slid further in Spain. The process of deleveraging kept rich-world inflation subdued (chart 2). …
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Interactive Global Map of Who is in a Recession and Who is Expanding
Source: Dismal Scientist. Go to the site for the interactive effect.
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Consumers Resetting, Not Recovering
Media Post News: Consumers Resetting, Not Recovering An extensive new study from NPD Group finds that no matter what's going on with the economy, people aren't so much recovering as they are resetting. "Overall, consumers have reached this new equilibrium of spending and making decisions about things like groceries and apparel and electronics and automotive,"…
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The Recession Is… Over?
Newsweek: The Recession Is… Over? What America's best economic forecaster is saying. Could our long national nightmare be over? The economic contraction, this Great Recession, began in December 2007, and there's no apparent end in sight. As the unemployment rate has spiked, analysts have thrown cold water on Federal Reserve Chairman Ben Bernanke's March sighting…
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Fed Model Predicts No Recession By End of 2009
Carpe Diem: Fed Model Predicts No Recession By End of 2009 As the data and graph suggest, there is almost no possibility that the economy will be in recession by the middle of this year according to the Fed's model, which has accurately predicted the last 7 recessions, back to 1960. I'm not so sure…
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Britain ‘to fall into recession’
BBC: Britain 'to fall into recession' The UK, Germany and Spain will fall into recession in 2008, the European Commission has predicted. Brussels said the three countries would see two negative quarters of economic growth in a row, which is the technical definition of a recession. In its latest economic forecast, the commission also downgraded…
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Recession Ahead?
Is there a recession ahead? Here are two graphs (I love graphs) presented in recent posts by economics professor Mark Perry. What do you think? Year-to-Year Real GDP Growth Was Actually 2.5%! Durable Goods Strength Suggests No Recession Also, see today's post 24th Month of Real Disposable Income Growth and a post from earlier…