This Is Your Economy

Not the way it’s supposed to be…

The USA: Heading For Recession?

Recession in America looks increasingly likely. Can booming emerging markets save the world economy? asks The Economist. “IN 1929, days after the stockmarket crash, the Harvard Economic Society reassured its subscribers: ‘A severe depression is outside the range of probability’. In a survey in March 2001, 95% of American economists said there would not be a [...]

Care to be confused?

Dollar ’stable’ amid credit concerns

The dollar steadied against its major rivals as the market continued to track credit market concerns, traders said Friday. In early European trade, the euro eased to 1.4605 dollars, from 1.4609 dollars in New York late on Thursday. The dollar dipped to [...]

So, are we dead?  Or just dying?

Are We Already In A Recession?

New Items: Enough bad news coming from enough industries now that it’s reasonable to think we’re already in a recession (Economists can’t pinpoint recessions without the benefit of hindsight, and most usually start while economists are still predicting that we won’t have one). Of course, whether we are technically in a recession or not is irrelevant–it’s the trend that matters. And the trend is [...]