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17 posts tagged with recession and economics. (View popular tags)
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Did I say "Recession? What Recession?" Oh right, this recession

Recession prompted 'unprecedented' fall in wages - Wages have fallen more in real terms in the current economic downturn than ever before, according to a report. On top of the rising cost of living, a third of workers who stayed in the same job saw a wage cut or freeze between 2010 and 2011, said the Institute for Fiscal Studies (IFS). "The falls in nominal wages... during this recession are unprecedented," said Claire Crawford from the IFS. Labour said the figures showed there was a "living-standards crisis".
posted by marienbad on Jun 12, 2013 - 62 comments

What went wrong and how to fix it.

Stimulus or Stymied?: The Macroeconomics of Recession: An American Economic Association panel discussion on the Great Recession between four leading economists - Paul Krugman (Princeton), Valerie Ramey (UCSD), Harald Uhlig (Chicago) and Carlo Cottarelli (IMF), chaired by Brad DeLong (Berkeley).
posted by moorooka on Jan 12, 2013 - 9 comments

Pick your side. Pick your history.

"Some date the crisis to August 9 2007, the day it became clear that Europe’s banks were up to their necks in US housing debt. The ECB flooded markets with €95bn of liquidity. It seemed a lot of money then. The term “trillion” was still banned by the Telegraph style book in those innocent days. We have since learned to swing with the modern dance music from central banks." [Five years on, the Great Recession is turning into a life sentence]
posted by vidur on Aug 13, 2012 - 101 comments

"This slump won’t end until 2031"

You know about the Great Depression, but do you know about the Long Depression? For a while now some have been suggesting we're in a "Third Depression", not so much like the Great one, but more like the Long Depression (1873–96) of 23 years (originally called the Great Depression). Suggesting "This slump won’t end until 2031". [more inside]
posted by stbalbach on Dec 15, 2011 - 44 comments

Why do we need a financial sector?

Economics blog VoxEU debates Why do we need a financial sector? Serious, important and very dull articles discuss the trade-offs and myths of innovation, and whether the sector is overrated, critical or a contributor to the wider economy.
posted by TheophileEscargot on Nov 22, 2011 - 35 comments

Solutions for the U.S. economic crisis

Political revolution, the Tea Party, and Occupy Wall Street notwithstanding, what actual policy steps could be taken to prevent the U.S. from falling into a Japanese-like decade of stagnation (or worse)? Economists from the New America Foundation offer a rather balanced, clearly articulated, and comprehensive proposal: The Way Forward. [more inside]
posted by GnomeChompsky on Oct 11, 2011 - 66 comments

We appreciate your candor

BBC News asks independent trader Alessio Rastani "what would keep investors happy, make them feel more confident?" and gets a surprisingly honest answer: "Personally, it doesn't matter. See, I'm a trader. I don't really care about that kind of stuff. If I see an opportunity to make money, I go with that. So, for most traders, we don't really care that much about how they're going to fix the economy, about how they're going to fix the whole situation; our job is to make money from it. And, personally, I've been dreaming of this moment for three years. I have a confession which is I go to bed every night and dream of another recession, I dream of another moment like this." [SLYT]
posted by finite on Sep 26, 2011 - 235 comments

Marx was right. Capitalism may be destroying itself.

Roubini warns of global recession risk. In a video interview with the Wall Street Journal, Economist Nouriel Roubini of Roubini Global Economics warns that the risk of a global recession is higher than 50%, suggests investing in cash, blames George Bush for the United States' economic predicament, advocates higher taxes, warns of a possible break-up of the European monetary union and states that "Karl Marx was right". [more inside]
posted by moorooka on Aug 15, 2011 - 122 comments

Irreducible Human Dignity

Need a little political philosophy? Why not try this conversation on economics, the human person and democracy between conservative Catholic legal scholar Robert George and the always fascinating African-American studies professor and philosopher Cornel West? [more inside]
posted by l33tpolicywonk on Dec 15, 2010 - 8 comments

Prescient Economist: Housing Crash Result of Government Incentives

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."
posted by shivohum on Feb 11, 2009 - 98 comments

What is 10 or 20 Trillion US dollars between friends?

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.
posted by gen on Dec 5, 2008 - 19 comments

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

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.
posted by ibmcginty on Feb 9, 2008 - 19 comments

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

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.
posted by Kwantsar on Dec 16, 2007 - 24 comments

Recession? What recession?

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.
posted by shoepal on Nov 26, 2001 - 7 comments

F*ckedEconomy?

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.
posted by owillis on Jul 31, 2001 - 12 comments

Is the US really entering a recession?

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]
posted by croutonsupafreak on Feb 3, 2001 - 3 comments

Americans believe in a recession

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".
posted by tremendo on Jun 3, 2000 - 6 comments

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