What’s Good About Rising Unemployment

More people are lining up for jobs via Reuters

The Department of Labor reported August job numbers on Friday, and the numbers appeared to be another bad sign for the recovery. The economy lost 54,000 positions in the last full month of summer. Worse, the unemployment rate rose for the first time in four months to 9.6%, from a rate of …

Can World Economy Keep Growing If U.S. Doesn’t?

A worrying economic question these days is the possibility of a return to negative GDP growth in the U.S, the dreaded double dip. If it happened it could pull much of the world back into recession, possibly triggering another round of financial crisis. Though all but a few consider this a low possibility, it’s not so low as to be off the …

Is red-hot India too hot?

While most of the world is worried about the prospects of a double-dip recession, India is facing just the opposite problem – managing supercharged growth. The Indian economy, oblivious to the meager recovery in the West, is roaring. GDP surged 8.8% in the April-June quarter, the fastest clip in two-and-a-half years. There’s some …

Lehman’s Fuld and Fed Clash in FCIC Hearing: Who won?

Fuld on the Offensive via Getty Images

The Financial Crisis Inquiry Commission on Wednesday took on the question of what led to Lehman’s failure and I’m not sure we came away with any answers. Although we did get a much better window into the lingering bad blood between Fuld and the Federal Reserve.

The FCIC is looking into the …

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