Record State Budget Shortfalls Likely To Drag Down The Private Sector For Years
First Posted: 8/29/11 12:50 PM ET Updated: 8/29/11 01:08 PM ET
WASHINGTON — While the current economic downturn is often referred to as the worst since the Great Depre…
http://www.pbs.org/wgbh/pages/frontline/warning/view/
In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Bor…
August 12, 2011
Aftershock to Economy Has a Precedent That Holds Lessons
By JAMES B. STEWART
Like earthquakes, financial crises seem to be accompanied by aftershocks, like the one we’ve been living through this week. They can feel every bit as bad a…
Here’s all you need to know about the current paralysis of Fed monetary policy. The FOMC is officially forecasting an unemployment rate of 7.8%-to-8.2% by the end of 2012—-3 ½ years into the “recovery”—and has decided it cannot do anything abo…
It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began i…
May 20, 2011
The S&P 500 closed the day down 0.77% and the week down 0.34%. The index is 97.1% above the March 9 2009 closing low but 14.8% below the nominal all-time high of October 2007. Here are two charts of the index — with and without th…
May 19, 2011
The S&P 500 closed the day up 0.22%, trimming the month-to-date decline to 1.47%. The index is 98.6% above the March 9 2009 closing low but 14.2% below the nominal all-time high of October 2007. Here are two charts of the index — …
May 18, 2011
The S&P 500 closed the day up 0.88%, trimming the month-to-date decline to 1.68%. The index is 98.2% above the March 9 2009 closing low but 14.3% below the nominal all-time high of October 2007. Here are two charts of the index — …
May 16, 2011
The S&P 500 closed the day down 0.62%. Of the eleven market days so far in May, there have been seven closing losses for a month-to-date decline of 2.5%. The index is 96.5% above the March 9 2009 closing low but 15.1% below the nominal …
Multiple sets of indicators are clearly showing that the housing market is entering a second winter. Home prices are inching closer to cycle lows and indicators of housing distress are rampant throughout the country.
Home prices during the troubli…
