MetaFilter posts tagged with economics and recession

Prescient Economist: Housing Crash Result of Government Incentives

shivohum — Wed, 11 Feb 2009 21:37:24 -0800

Peter Wallison, an economist who arguably predicted the housing crash and bailout in 1999 explains his current views on the crash: "Other players...played a part" but "...government policy over many years--particularly the use of the Community Reinvestment Act and Fannie Mae and Freddie Mac to distort the housing credit system-- underlies the current crisis."

What is 10 or 20 Trillion US dollars between friends?

gen — Fri, 05 Dec 2008 10:44:25 -0800

Nassim Nicholas Taleb, author of the award-winning book The Black Swan, (previously), was interviewed recently by Charlie Rose: A conversation about economics with Nassim Taleb (as well as Time Magazine.) Taleb is more pessimistic than Nouriel Roubini, (previously, previously) who thinks that the total sum for this current global meltdown may be somewhere between 10-20 Trillion US dollars.

Is the 2007 U.S. Sub-Prime Financial Crisis So Different?

ibmcginty — Sat, 09 Feb 2008 12:48:49 -0800

Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University have compared the recent US subprime mortgage crisis with five downturns in industrialized economies in the past 30 years in their brief paper, Is the 2007 U.S. Sub-Prime Financial Crisis So Different? (pdf). Their conclusion: “given the severity of most crisis indicators in the run-up to its 2007 financial crisis, the United States should consider itself quite fortunate if its downturn ends up being a relatively short and mild one.” Summarized, with some data and charts, here. Via.

The NYT asks six people whether the US is in a recession

Kwantsar — Sun, 16 Dec 2007 13:02:18 -0800

You Can Almost Hear It Pop, by Stephen S. Roach
The Facts Say No, by Marcelle Chauvet and Kevin Hassett
Bet the House on It, by Laura Tyson
Not if Exports Save Us, by Jason Furman
Nobody Knows, by James Grant
Wait Till Next Year, by Martin Feldstein

Stolen, HTML and all, from Calculated Risk.

shoepal — Mon, 26 Nov 2001 07:08:39 -0800

Recession? What recession? "An economic research group declared Monday that the United States has been in a recession since March of this year." It's official.

owillis — Tue, 31 Jul 2001 10:30:58 -0800

F*ckedEconomy? Cuts in interest rates don't seem to be helping. Layoffs persist (and not just tech/dotcoms). The market bounces, but can it sustain itself? Some say the market will rebound in the 2nd quarter of next year, but these are the same people who saw an uptick coming this fall. Are we headed towards a recession, again? Lucent even had to sell their golf course.

croutonsupafreak — Sat, 03 Feb 2001 10:10:46 -0800

Is the US really entering a recession? Even with recent layoffs, the last time unemployement was this low before 1999 was 1970. And maybe a recession is not such a bad idea, what with spending outmaching saving in recent years. [more inside]

tremendo — Sat, 03 Jun 2000 10:49:13 -0800

Americans believe in a recession within the next four years.
But of course. It's only natural after the most prolonged economic expansion in history. So don't go blaming the next administration when it finally happens.
If Gore is president, then people will say: "12 years of democrats is enough!", but if Bush is in charge, then the complain will go "You see? republicans don't have a clue".