recession

This problem is going to be solved via tax increases a la Oregon or spending cuts a la California before FY 2011 hits in July. (hat tip Gregor) (click image to enlarge) Source Unemployment Insurance Tracker - ProPublica

I re-posted my April 2009 post, “Barack Obama as Herbert Hoover” in response to the recent deficit reduction gimmick offered up by the Obama Administration and Marshall’s similarly titled “Barack Hoover Obama.”  The point of my post…

Every instinct the President has honed, every voice he hears in Washington, every inclination of our political culture urges incrementalism, urges deliberation, and an abundance of caution, particularly in regard to our “unsustainable…

The Big Picture has picked up on what appears to be an interesting development over at the NBER’s site. It seems like they are hedging there bets on a possible double dip recession beginning in late 2010 or 2011. As you may know, the NBER…

The Democratic defeat in yesterday’s Massachusetts Senate race puts a punctuation mark on the grinding erosion of support for the Obama Administration and its economic policy in a tough first year. Clearly voters were sending the…

Back in June I asked you all “When will the U.S. economy recover?.” The response was basically either “there will be no recovery to speak of” or “recovery is a long way off.” The poll results are embedded below. I asked a similar…

Markets were disappointed by today’s unemployment data because they reveal how difficult it has been for the employment situation to improve in a meaningful way. The employment market is improving, just not as much as one would hope. Below…

This comes from the up until New Year’s aptly-titled “News from 1930” website.  It’s now really News from 1931 as it chronicles news during the Great Depression from exactly 79 years ago to the day. US car and truck exhibitors at…

I don’t know quite what to make of the Paul Volcker interview published late last week in Business Week.  In case you missed it, Business Week published a frank interview of former Federal Reserve Board chairman Paul Volcker with media…

Holiday people, as we head into the new year, I’d like to get the pulse of Credit Writedowns readers on the state of the economy. Last night, I started a poll asking how long the recovery will last. I am not sure whether the poll…