History is repeating    

In a blogpost taking stock of the IMF conference on lessons from the crisis, the Nobel laureate distills the lessons learned.]]>He makes the following observations: Not only are financial recessions deeper and slower in recovery than in normal recess

We all know the expression "life happens." It's meant to be a comforting reminder that no matter what goes wrong, there are simply some things that are out of our control.  But in the face of major events like the Great Recession, the resulting

Four years after the Great Recession, U.S. households are slowly repairing their balance sheets and shedding their debt -- except when it comes to student...

By Julian Hebron of The Basis Point.NEW YORK (TheStreet) -- The home loan product that carried low-down-payment consumers and the U.S. economy through the worst of "The Great Recession" has been winding down this year, and by June 3 will no longer be

Since the great recession, investors have been inundated with tips for turning losses into profit, but through it all, a pretty obvious profit center garnered very few headlines, and now this "secret" soon could have public policy implications. I

The 7.5% US unemployment rate, at its lowest level since 2008, seems to be telling a story of slow-but-steady recovery after the Great Recession and Financial Crisis. Unfortunately, the bulk of evidence suggests the “real” jobless rate is

By John Cryan:SeaWorld Entertainment's (SEAS) recent initial public offering has garnered a lot of attention. Following the Great Recession and the impact it had on American families and their disposable income it is remarkable that a company that is

ByUnbigoted Research:The global recession of 2009 wreaked havoc with hundreds of companies, forcing many to become leaner in order to survive and emerge from the quagmire. Companies that make it through hard lessons like that often make for great inv

ByCranky:There have been many fine articles on how dividend growth companies (and portfolios) fared in the Great Recession. There is tons of statistical analysis to consider. And many articles paint a rosy picture, as there were many great dividend a

Lost in the hubbub of each month's job reports is one startling fact: since the Great Recession officially came to an end, lower-wage jobs have far outnumbered jobs that allow workers to build a solid middle-class lifestyle.

Financial worry across the country declined to its lowest level since before the Great Recession...

WASHINGTON -- Extended unemployment benefits Congress put in place at the outset of the Great Recession didn't discourage people from taking jobs, according to new...

For more than a brief moment during the Great Recession, it appeared the fate of the Big Three automakers was in jeopardy. General Motors (NYSE: GM) declared Chapter 11 bankruptcy, while Chrysler filed its third bankruptcy before its ownership stake

Throughout the Great Recession, California's One-Stop Career Centers have served as way stations of hope, places where safety nets fashioned from state and federal unemployment...

Older workers faced an uphill battle finding work after the Great Recession, but the tide may be turning as employers are now looking to add older and more skilled workers to their payrolls.

The Great Recession has been a disaster for the employment prospects of the young, but the story is quite different at the other end of the life cycle.    

Short-term unemployment is back down to pre-Great Recession levels. But long-term joblessness remains high.    

NEW YORK (TheStreet) -- U.S. adults are evidently making some tough "kitchen table" financial decisions -- so many, in fact, that U.S. households have cut $1.4 trillion in personal debt since the Great Recession ended (technically in 2009, although p

Monday's income and spending (and implicitly 'saving') data provided plenty of fodder at the headline level for any and every opinion. We explained in great detail just how weak the data really was (here and here). But the following two charts sugges

The Great Recession decimated the wealth of many Americans, but the downturn hit black and Hispanic families especially hard, a new study finds, widening the...

Coming of age in a recession has set back Millennials for decades. The good news? In the age of abundance, they could turn out to be pretty great decades, anyway.    

Young adults are depositing more to savings accounts and paying down 57% more student loan debt than Gen X or Baby Boomers. Finger is pointing at the Great Recession.

ByKenneth Arnold:Since the "great recession," yields on low risk fixed income instruments have plunged to near zero levels. This is the result of the Fed's ZIRP (zero interest rate policy) which was intended to provide liquidity to the economy and st

The librarians at the new George W. Bush presidential center should buy this book on Amazon: The Great Recession: Market Failure or Policy Failure by Robert Hetzel. The author, a Richmond Fed economist, persuasively argues the nasty downturn and ensu

WASHINGTON -- More than five years since the start of the Great Recession, unemployment remains a major economic problem in the United States, with long-term...

Even as the U.S. economy began to rebound from the Great Recession, it turns out only the highest earning households in America actually felt the difference. The richest 7% of American households saw their net worth grow by 28% to a whopping $3.2 mil

The first years of the U.S. economy's recovery from the Great Recession yielded strong gains in total wealth for the richest Americans, while every other...

The Millennial generation has been raised during the stock market crash and the Great Recession.

The U.S. economy has been expanding slowly since the Great Recession, but not all states are benefiting equally.Some have plenty of jobs, while others have already seen job growth stall out.

Five years after the Great Recession wiped trillions of dollars off global stock markets, the world is facing another economic risk from the fossil fuel industry.

Great Recession and Not-So-Great Recovery - Gavyn Davies Add 3% and some bad accounting - Antonio Fatas Reinhart-Rogoff data problems - Econbrowser Crowd-Sourcing and Crowd-Hunting - Digitopoly Is More Peer Reviewing the Answer? - Jared Bernstein Goo

From Fed Governor Sarah Bloom Raskin: Aspects of Inequality in the Recent Business Cycle.A few excerpts:To isolate my proper subject here, I want to be clear that I am not engaging this afternoon with the concern that many Americans have that excessi

From Annie Lowery at the NY Times: Europe Split Over Austerity as a Path to GrowthEconomic fortunes during the recovery from the Great Recession have diverged, with new estimates of growth by the monetary fund expected on Tuesday. But they will not c

Ever since Moody's head economist Mark Zandi, together with Princeton's Alan Blinder, authored a paper in July 2010 titled "How We Ended The Great Recession" (which incidentally is wrong on two key counts: i) it is a great depression not recession, a

The old stuff doesn’t work anymore. And that’s why I want to hire people who are trying to create new things.    

WHY hasn't there been deflation? That has been one of the central mysteries of the Great Recession and its aftermath. In the 1930s soaring unemployment led to galloping deflation. In the early 1980s a 4.5 percentage point increase in the unemplo

Savings Glut meets the Great Recession - Antonio Fatas Myths and Realities of the 1970s - mainly macro Why Canada Can Avoid Banking Crises and U.S. Can’t - WSJ Mapping Out the Arguments Against Chained CPI - Rortybomb Deficit Derangement...

By Antonio Fatas:Ken Rogoff wrote a very interesting article on the mystery of low interest rates.He starts by going back to 2005 when Ben Bernanke blamed the "GlobalSavings Glut" for the unusually low (by historical standards) realinterest rates in

If you had to date the Great Recession, you might say it started in September 2008 when Lehman Brothers vaporized over a weekend. By 2008, however, the majority of American workers had already endured a 40-year decline in wages, security, and hope --

The answer comes down to (in order of importance): demographics, college attendance, the Great Recession, and the decline of manufacturing    

Need yet another confirmation showing the US consumer has entered a phase of terminal retrenchment (in addition to all the other ones of course)? Below is a chart of Casino gaming spending in the past 15 years. What the chart shows is quite clear: at

Almost four years ago, in June 2009, the US entered into a technical recovery from the Great Recession touched off by the collapse of a decade-long housing bubble. The bubble collapse nearly wiped out the financial sector, thanks to extensi

NEW YORK (TheStreet) -- You don't need to be a graduate of the London School of Economics to know "near-retirees" -- those Americans in their 50s and 60s -- were among the demographic groups hit the hardest by the Great Recession.While the reverberat

Joe Price is one of the main characters in Set for Life, a documentary that follows three Baby Boomers who struggle to recover after losing their jobs in the Great Recession. When the film was completed, Price had been able to return to work in the g

Recent graduates do not question or doubt a job that has a tough mission. They know how to survive, will follow a vision and want to make a difference.

The Energy Report: Marshall, before the Great Recession hit, we appeared to be on target for $150 per barrel ($150/bbl) Brent in mid-2008, and we were hearing forecasts of $200/bbl before the end of that year. But things have changed. I'd really

In spite of the fact that many Americans are still feeling the headache, nausea, and exhaustion from the Not-So-Great Recession, it looks like we’re becoming more responsible about paying our loans on time. According to a new report, the delinq

The halting economic recovery in the years since the Great Recession has created hardships for many American workers, but people in some areas have had it much worse than others. While the employment conditions in some states are relatively strong, o