nytimes.com - 3/2/2009
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THIS recession, which began in December 2007, has already lasted longer than the average postwar recession. If it turns out to be as bad as the most protracted of the postwar downturns, we will touch bottom next month. But my strong suspicion is that we are now in something more like a Great ...
nytimes.com - 3/1/2009
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nytimes.com —
THE fundamental causes of this recession, unique in
the experience of the United States, were mortgage defaults...
and the consequent insolvency of major financial firms. These insolvencies, and especially fear of them, damaged normal credit mechanisms. ...
(more)
Op-Ed Contributor - Stop the Bailouts
nytimes.com - 3/4/2009
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nytimes.com —
Search All NYTimes.com New York Times U.S. World
U.S. Politics Washington Education N.Y. / Region Business Technology...
Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Sign In to E-Mail Feedback March 3, 2009 Geography of a ...
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The Geography of a Recession - Interactive Graphic
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NYT asks when will it end?
Angry Bear —
... Risk highlighted STEPHEN S.ROACH (Chairman of Morgan Stanley Asia), A. MICHAEL SPENCE (Stanford Professor, Nobel prize, economics) and GEORGE COOPER (author of “The Origin of Financial Crises: Central Banks, Credit Bubbles and the Efficient Market Fallacy”). All three came up with 2010/2011. Although, they all noted "if's" as to government action, including the world's governments and maybe lingering effects. I'll go with the following. Niall Ferguson is a professor at Harvard and the author of “The Ascent of Money: A Financial History of the World.” ...
Why There is No Bottom: Economic Forecasts
A Dash of Insight —
... That is if governments get their acts together. William Poole of the Cato Institute rails against unwise government bailouts, which he believes are making things worse. Eric Schmidt, Chairman and CEO of Google, expects signs of life later this year, and a resumption of normal lending in 2010, with the Internet playing a key role. Financial writer George Cooper sees a financial drag extending into the next decade. Harvard historian Niall Ferguson sees two years of contraction and two lean years after that. ...
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Op-Ed Contributor - The L Curve
nytimes.com 3/1/2009 — LAST year, the debate over how long the recession will last was between those in the consensus who argued that it would be V-shaped only about eight months long like those in 1990 to 1991 and in 2001 and those like me who argued that it would last ...
Op-Ed Contributor - Rule of Four
nytimes.com 3/1/2009 — WHEN our economic woes began, analysts took some solace that the longest American recession since World War II lasted 16 months, and that on average our recessions lasted less than a year. But as this contraction continues into its 15th month, we have ...
Op-Ed Contributor - A Long Goodbye
nytimes.com 3/1/2009 — THE short answer is not soon. The recession is global: exports, production and consumption are in high-speed descent. The headwinds are powerful because of excessive leverage, damaged balance sheets and the resulting tight credit. Major financial ...
Op-Ed Contributor - It Can’t Last Forever
nytimes.com 3/1/2009 — HERE’S the hard truth: Nobody knows when this recession will end. Economic forecasting is a dark art, and predicting when recessions begin and end is its weakest link. That said, my best guess is that growth will return in the fourth quarter of this ...
U.S. Recession Probabilities
uoregon.edu 12/1/2008 — Recession Probabilities This page presents recession probabilities for the United States obtained from a dynamic-factor markov-switching model applied to four monthly coincident variables: non-farm payroll employment, the index of industrial ...
Fed Watch: The Great Recession
economistsview.typepad.com 11/3/2008 — Tim Duy looks at the Fed's likely reaction to a weakening economy:
The Great Recession, by Tim Duy : Economic weakness that in many ways did not qualify as recessionary turned
for the worse in the third quarter. Incoming data continues to ...
What's really different about this recession?
macroblog.typepad.com 8/14/2009 — What's Really Different About This Recession?
The short answer to the question posed in the title of this blog post is, of course, "lots of things." One of those things is featured in the latest edition of Economic Highlights , the Atlanta Fed's ...
Op-Ed Contributor - If You Have to Ask...
nytimes.com 3/2/2009 — “WHEN you stop asking,” was the exasperated reply of the broker to the pestering client who asked the same question over and over during the 1974 stock-market crash: When will it end? Nobody knew, or could know. The broker, wiser than he realized, ...
Op-Ed Contributor - The Great Preventer
nytimes.com 7/26/2009 — LAST week Ben Bernanke appeared before Congress, setting off a discussion over whether the president should reappoint him as chairman of the Federal Reserve when his term ends next January. Mr. Bernanke deserves to be reappointed. Both the ...
5 Suprising Recession-Proof Industries
businesspundit.com 7/24/2009 — What do you think of when you hear “2009 recession?” If frozen credit, failed automakers, and dying newspapers come to mind, you’re on the mark.
But how about books, beef, and concierge doctors? Or iPhones and candy? Surprisingly ...
Food Mags Slum It —
The Big Money 3/2/2009
For evidence that the moneyed classes are hurting, too, look no further than the March issue of Gourmet magazine, which features a ham sandwich on its cover. This was the highlight of a Sunday New York Times article about how the high-end food ...
Buffett's Bite-Size Wisdom —
The Big Money 3/2/2009
Sometimes letters will bring succor when the numbers fail. Among the losers in the financial disaster of 2008 was Berskhire Hathaway , down 9.6 percent on the year. Though the company still beat the S&P 500 by a healthy 27.4 percentage points, ...
Down, Dow, Down! —
The Big Money 3/2/2009
I am a heretic, an economic masochist, a traitor to my industry and my country. When the Dow Jones Industrial Average starts falling, I hope it keeps falling. I am a man who roots for the stock market to go down.
Forgive me, capitalism, for I have ...
Sites For Recessionary Times —
The Big Money 3/3/2009
One of the tiny bright spots in this miserable economic time is the number of clever Web sites and blogs that have sprung up as responses to different, personal aspects of the recession. For months, we've enjoyed Econowhiner , handsomely designed ...
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