Economist Kenneth Rogoff says we shouldn’t call what happened to America in 2008 and 2009 a “Great Recession,” because it …
recovery
The Bleak Unemployment Report: Is Europe to Blame?
For the first time in almost a year, the unemployment rate rose to 8.2% in May as the economic recovery appeared to not only slow but almost completely stall. And it gets worse.
The American Dream Gets Another Facelift
The American Dream of home ownership has taken some hits in the recession. But it remains alive and well, though with some twists that will help shape the nature of the budding housing recovery.
Curious CapitalistEconomy
Is the Wimpy Recovery Morphing into a Recession?
We’ve just begun coming to grips with the wimpy recovery. Are we actually in for another recession? That was the implication of a couple of economic reports I read this week, including one by ITG Investment Research, which …
Full Real Estate Recovery Not Coming Until 2015
First, the good news: The real estate market has clawed its way back from the brink and is about a third of the way to a normal, pre-bubble market. The bad news: It’s going to take until the end of 2015 to get us the rest of the …
Housing Prices Fall to 2003 Levels, But Demand May Be Building
It’s now officially a lost decade for home prices. With the release of the January data for the Standard & Poor’s/Case-Shiller Home Price Indexes, prices in a national composite dropped 3.8% from a year before, rolling back to …
A Real Recovery? 6 Unconventional Economic Indicators Say Yes
Another Green Shoot: Millionaire Households Rising
Millionaire households in the U.S. are rising again, largely because the mass affluent stayed the course with their stocks during the downturn and are reaping the benefits of the market’s recovery. But frugality also played a big role.
The Government Bond Market Is Nervous That the Recovery Is Real
We’ve been getting pretty good economic news for the past couple of months – unemployment claims are trending lower; nonfarm jobs are creeping up; consumer confidence is rising as stock prices climb.
So, of course, for the …
Housing Recovery at Last? Evidence Mounts
While experts continue to warn that housing has not yet hit bottom, a slew of indicators suggest otherwise. The latest is a stellar quarterly earnings report from Home Depot, which is benefitting from hopeful owners sprucing up …
Crowd Favorite on American Idol Calls Tent ‘Home’
On the most recent season debut of American Idol, viewers watched as a 24-year-old from Tennessee named Amy Brumfield won a golden ticket to Hollywood. Besides her soulful rendition of an Alicia Keys song, what made Brumfield …
Almost Half of Americans Live in a Household Receiving Government Benefits
According to U.S. Census data, 48.6% of the population lived in a household that received some form of government aid in the second quarter of 2010, which rose slightly from the previous quarter — another sign of how dependent on federal aid Americans have grown during the Great Recession.
