Posts Tagged ‘recession’

Panic Won’t Solve Our Economic Problems

Marginal Revolution has two excellent posts (here and here) on a subject that keeps nagging at me. Basically, are we overreacting to this recession. I put up a post a couple of days ago that referred to a New York Times article that pointed out this recession was statistically not as bad, so far, as the […]

Fed Minutes Show Deep Concern About The Economy

The minutes of last month’s Federal Open Market Committee showed that there is deep concern about the economy among the members. That concern was not confined to just a downturn in the economy but also to a debilitating period of disinflation. Over the past several days, several other economists have come forth with fairly dire […]

ISM Comes In Worse Than Expected

The first business day of 2009 was more than passably strange. Equity markets were buoyant and the news could arguably have not been worse. I tend to ignore the stock market, at least in the short term, so let’s just assume all of the buyers showed up today and the sellers took an extra day […]

A Case For Less Activism On The Recession

Peter Schiff was one of the guys who saw through the smoke and mirrors of the economy early on this decade and had the courage of his convictions to go public with his thoughts and to position himself economically to take advantage of the downturn. He tends to raise the hackles of a lot of […]

Is The Glass Half Full Or Half Empty?

Two opinions I came across this week present starkly different analyses of our economic future. Holman Jenkins is practically predicting a lost decade. The basis for his outlook is that the loss of prosperity will usher in a period of bad government policy that will exacerbate the situation by destroying confidence in the private sector. […]

Wells Fargo Says Recession Ends In Six Months

Wells Fargo had a little bit of feel good Christmas news for everyone today. They announced that the recession will end in the third quarter of 2009 with the consumer leading the way out. What is shaping up as the deepest and longest recession since the 1930s will end in the second half of 2009, […]