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bloomberg.com - 11/18/2008

U.S. Recession to Extend Into 2009, Business Economists Say

— bloomberg.com — Nov. 17 (Bloomberg) -- The U.S. has entered a recession that will persist into next year, and... economies around the world will follow suit, according to a survey of business economists. After growing 1.4 percent this year, the U.S. will contract 0.2 ... (more) U.S. Recession to Extend Into 2009, Business Economists Say

Commodities

Recession

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econlog.econlib.org - 11/20/2008

Lectures on Macroeconomics, No. 5

— econlog.econlib.org — (November 11, 2008 05:31 PM, by Arnold Kling) So far, I have focused on unemployment as a... problem of adjustment. In this essay, I review the history of the Dotcom recession, and I focus on the index of aggregate hours worked as an indicator of ... (more) Lectures on Macroeconomics, No. 5

Commodities

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stumblingandmumbling.typepad.com - 11/28/2008

Recession vs inflation targeting

— stumblingandmumbling.typepad.com — Here’s a puzzle. Morally speaking, does it make sense to worry so much about recession whilst having... supported the policy of inflation targeting for the last 16 years? When the Bank of England raises interest rates in normal times to reduce inflation ... (more) Recession vs inflation targeting

Government

Recession

Inflation

Bank of England

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Links 11/22/08
naked capitalism — Otter survives 'perilous' sea crossing to Farne Islands BBC (hat tip reader Richard) US officials flunk test of Amerian history, economics, civics AFP Bankruptcy Is Option to GM Board Wall Street Journal. I read the article, and still don't get it. Given that GM professes that it will run out of cash before the year ends, how is bankruptcy NOT an option? Yes, I know the real issue is solidarity of the board with Wagoner, but the willingness (until now) to give lip service to patent nonsense is altogether too common in Corporate America. Citigroup May Get Government Rescue, Investors Say ...