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What will recovery look like?
What will recovery look like?
When good news comes, what should we expect to see? The graph below plots the quarterly percentage change (at an annual rate) for real GDP and some of its key components since 1947. Calculated Risk has noted that the typical recession pattern is for nonresidential fixed investment to begin ...
Slovenia's Economy Falls Off The Roof, While Slovakia Slides Into Recession
Slovenia's Economy Falls Off The Roof, While Slovakia Slides Into Recession
globaleconomydoesmatter.blogspot.com — by Edward Hugh: Barcelona "Most other countries in the region are faring much better, though....Like Slovenia, which... joined two years ago, Slovakia can enjoy the full protection of rich Europe’s currency union, rather than just the indirect benefit of being due to join it some day." The ... (more) Slovenia's Economy Falls Off The Roof, While Slovakia ...
Sovenia’s Economy Falls Off The Roof, While Slovakia Slides Into Recession
Sovenia’s Economy Falls Off The Roof, While Slovakia Slides Into Recession
fistfulofeuros.net — “Most other countries in the region are faring much better, though….Like Slovenia, which joined two years ago,... Slovakia can enjoy the full protection of rich Europe’s currency union, rather than just the indirect benefit of being due to join it some day.” The Economist  ... (more) Sovenia’s Economy Falls Off The Roof, While Slovakia ...
Updated Debt Stats
Updated Debt Stats
optionarmageddon.ml-implode.com — From the Fed’s Flow of Funds report released today.* (Click charts to enlarge) To put data from... the chart above in context, the one below compares total debt to GDP. I’m using annual data here, so the increase at the end of 2008 ... (more) Updated Debt Stats
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Hamilton: "What will recovery look like?"
Calculated Risk — Professor Hamilton provides a number of graphs on the temporal order of a recovery: What will recovery look like? This adds to my post: Business Cycle: Temporal Order Here is the table I provided of a simplified temporal order for emerging from a recession. The table shows when each area typically starts to recovery relative to the end of the recession. ...

Sunday links: sucker’s rally?
Abnormal Returns — ... What will the components of an economic recovery look like?  (Econbrowser) ...

Readings
Paul Kedrosky's Infectious Greed — AIG releases list of counterparties (AIG) Hunting Cash, Barclays Is Exploring Sale of Unit - WSJ.com (Source) Bank of England warns tensions in banking system at fever pitch (Telegraph) China ‘lost billions’ on investments (FT) What will recovery look like? (Econbrowser) Bank of England's latest quarterly bulletin (BoE) Pension bills set to surge nationwide (WSJ) Vail Resorts Slashes Wages (First Tracks) ...

Monday morning links
The Mess That Greenspan Made — ... gold bullion coins sale - Commodity Online • Oil falls to near $44 as OPEC doesn't cut supply - AP • Extraordinary Stress in the Silver Market - GoldMoney • Bear's end? Wishing won't make it so - MSN Money • Cabot Market Letter eyes rally possibility - MarketWatch • Lowering The Sights for Profit Margin Recovery - Hussman Funds ECONOMY • NY Fed manufacturing extends slump in March - Reuters • What will recovery look like? - EconBrowser • Vail Resorts Slash Wages During Tough Times ...

A look at postrecession employment trends
macroblog — ... The question then becomes, what does previous experience imply for the path of employment after the current recession? If the current recession ended today with a 2.7 percent job decline, and postrecession employment growth resembled the recovery from the 1981–82 recession, then employment would return to prerecessionary levels in approximately 14 months. But if the employment growth path is more similar to the two most recent recessions, then it would take well over eight years for employment to return to prerecession levels. Of course, history is unlikely to repeat itself ...

Related: what will economic recovery look like?
quantitative easing is hereDecline and Fall of Western Civilization
the FOMC release via calculated risk . In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that ...
How green can recovery be?The Japan Times: All Stories
Loud voices can be heard urging increased investment in green technologies as the way to help world economic recovery. This sounds good and there can be no doubt that a big demand exists for cleaner and cheaper methods of energy production and consumption, and for a generally greener and more ...
Seven Ways To Get An Income-Tax Boost From The Obama Recovery PlanDaily Markets
So what will $800 billion buy these days? At the macro level, the Obama administration’s rescue plan will buy some new roads and bridges, 3.5 million new jobs and, hopefully, an economic recovery in the process. On an individual level, the benefit will come from the mix of tax benefits ...
Bernanke's recovery prediction: Journalists report old newsBubble Meter
Apparently more journalists watch 60 Minutes than watch Congressional testimony. Today, the mainstream and financial media has been making a big deal about the fact that Federal Reserve Chairman Ben Bernanke predicts an economic recovery in 2010. Why is this such a big deal today? It's not ...
The Chairman’s From Main Street, SC, Not Wall Street, NYEconomistMom.com
This was my favorite part of the 60 Minutes interview of Federal Reserve Chairman, Ben Bernanke. When I travel across the country, I find that many folks assume that policymakers who work in DC don’t understand what life is like for Main Street, America. But Bernanke understands.  ...
The Global Economic Recovery Will Be A Long Hard SlogDaily Markets
Macro Man’s a bit pressed for time this morning, as he has an appointment with his physiotherapist at a time when he’s usually pushing the “publish” button to send another edition of his witterings into the cyber-sphere. It occurred to him this morning that, at the ...
Summers, Bernanke, and the new Obama song listSCSUScholars
Our single most important priority is bringing about economic recovery and ensuring that the next economic expansion, unlike it’s predecessors, is fundamentally sound and not driven by financial excess. This is Larry Summers Friday at the Brookings Institute . Set aside the fact that he is ...
The Stimulus Czar Summit – Part 1Fractals of Change
Vice President Joe Biden invited the state "stimulus czars" to a Washington conference on the American Recovery and Reinvestment Act (The stimulus bill); according to the organizers, representatives from 49 states showed up (they didn't say which state didn't show). We really do want ...
Key to economic recoveryThe Japan Times: All Stories
Each country is trying to get out of the current global recession by adopting stimulus measures, including the United States' $787 billion stimulus package and Japan's budgetary measures, which include ¥12 trillion in fiscal spending. But the prospects for the world economy are not bright. The ...
Summers at BrookingsEconomist's View
Economic Recovery Fiscal Solvency Education Secretary Tim Geithner
Obama: Economy Causing "Incredible Pain"Breaking News: CBS News
The president spoke to reporters in the Oval Office after getting an update from economic adviser Paul Volcker. Mr. Obama said his administration is working on both short-term help and long-term economic recovery plans.
Live Twitter of VP Biden’s Conference for State Recovery CzarsFractals of Change
Since "transparency" is the watchword of this conference, am twittering live while my battery holds out. Am @tevslin on twitter.
IMF chief says bank cleanup too slowNewsback
DAR ES SALAAM (Reuters) - The world's advanced economies are moving too slowly in ridding banks of problem assets, which could jeopardize a global economic recovery in 2010, the head of the International Monetary Fund said.div class="feedflare" a...
I.M.F. Chief Says Banks Must Shed Bad Assets More QuicklyDealBook
The world's advanced economies are moving too slowly in ridding banks of problem assets, which could jeopardize a global economic recovery in 2010, the head of the International Monetary Fund said on Wednesday.
Using Gadgetry to Turn Energy Efficiency Into SportEconomistMom.com
Today’s Washington Post reports on some of the “smart technology” that President Obama hopes to jump start with the recovery package. It sounds pretty cool (pun accidental) to me–make saving energy (and costs) something that’s fun to do: To flatten spikes in ...
Lessons from the Great Depression for Economic Recovery in 2009"Angry Bear
By Spencer Required reading: Christina D. Romer of the Council of Economic Advisers Lessons from the Great Depression for Economic Recovery in 2009 I really like her comments on gold, treasury operations and money supply. (hat tip Greg Mankiw)
links for 2009-03-10Economist's View
China suffers first price deflation in 6 years - FT.com The Great Multiplier Debate, New Keynesian Edition - Econbrowser Iraq pullout fears overblown - Lowell Schwartz Lessons from the Great Depression for Economic Recovery - C. Romer Christina Romer Brookings Speech - Real Time ...
Was the Economic Stimulus Bill a Good Idea?Fractals of Change
Last Friday Governor Jim Douglas (R-VT) and Senator Pat Leahy (D-VT) cosponsored and appeared at a workshop for Vermonters on the American Recovery and Reinvestment Act (aka ARRA aka "the stimulus bill"); 700 people came and more would have if there had been more room available at ...
From the CEA ChairGreg Mankiw's Blog
CEA Chair Christina Romer: Lessons from the Great Depression for Economic Recovery in 2009 .