IT’S COMPLICATED There is no quick end in sight to the chronic weakness of America as it enters the second half of its lost economic decade. We’re deluged with reports suggesting that, because the recession was so deep, it will take many years to regain anything like the pre-crisis prosperity. How long did the GreatContinue reading “THE SECOND HALF OF THE LOST DECADE WILL LOOK LIKE THE FIRST”
Category Archives: Americans’ Confidence in the Economy
America is in a striking cycle of hope and dissapointment
By doing nothing about unemployment, America’s officials are playing with fire Should we just throw up our hands, and say that having 12 million or so adults who should be working out of work, and roughly $1 trillion per year of output we should be producing not getting produced, is just a fact of life?Continue reading “America is in a striking cycle of hope and dissapointment”
Double dip in housing in 2011: A crisis in the making
Mortgage Fit June 2, 2011 Guest Post By E.H. Martin: The housing market crash that was responsible for the worst recession in the country ever since the Great Depression of the 1930s seems to be lurking again in 2011. Battling the recession of the 2007-2008, the housing market started showing some kind of semblance inContinue reading “Double dip in housing in 2011: A crisis in the making”
Five markets you wouldn’t expect are on road to recovery
April 28, 2011: While prospects for the housing market are moderate, at best, several markets are showing signs of improvement — even some that endured the brunt of the crisis. The National Association of Realtors released a report that found areas generally perceived as in decline, such as Southern California and parts of Florida, areContinue reading “Five markets you wouldn’t expect are on road to recovery”
The Contribution of the Financial Sector – Miracle or Mirage?
FOR THE LOVE OF MONEY This is the title of the new Andrew Haldane speech. The speech is drawn from a paper written for this LSE book: Future of Finance. In this speech/paper, Haldane breaks the miracle of financial sector and calls it a mirage instead. THE huge sums earned by banks and their employeesContinue reading “The Contribution of the Financial Sector – Miracle or Mirage?”