Analysis: Good News on Jobs, But Will it Last?
The "great moderation" of business cycles once extolled by many economists, Ben Bernanke, is history. The trend rate of growth is shriveling. In other words, business cycles are back with a vengeance.
The "great moderation" of business cycles once extolled by many economists, Ben Bernanke, is history. The trend rate of growth is shriveling. In other words, business cycles are back with a vengeance.
Unless Congress and Obama create a "bold jobs program," state and local governments could shed almost a million jobs next year, further worsening our national unemployment rate, labor leaders say.
It might be that sales of video games have taken a dip because of the recession or because consumers are finding other means to relax and have fun, either alone or with others.
Obama is increasingly being viewed by Wall Street as a non-achiever, a veritable misfit when it comes to concocting a meaningful plan to revitalize the economy and a likely one-term occupant of 1600 Pennsylvania Avenue.
I left home for college some eight years ago and have been living away from the nest ever since. But this summer I bit the bullet -- as so many Americans are doing during the recession -- and moved back in.
When Dubai wobbled last week, everyone rushed to the Internet to await confirmation of the imminent bailout. And they saw what they wanted to see! ...
Below is a post I wrote on my site Credit Writedowns exactly two months ago. My impetus in writing the post was a need to reconcile my near-term optim...
By Stephen Viscusi Viscusi reveals why your "Interview Age" is crucial to finding a job...or keeping one. How old an impression do you make when you'...
At one point during the Great Depression, 40,000 union members marched in the streets of Chicago demanding that the government give them jobs. They al...
Reading blogs that in any way write about economics has generally become an exercise in utter futility. Ridiculous conspiracy theories are far more common than simple factually based analysis. How did things get so out of line?
I consider myself an experienced Black Friday shopper, having gotten up at 4 am the day after Thanksgiving for years to shop the bargains. But I have never seen a Black Friday like the one today.
The stimulus truly was a model of political compromise, providing that devilish mixture of effective public policy and politics.
This is a pretty hard time to make a case for the American Dream. But I'm going to anyway. I have always been an optimist and I'm a big believer in th...
I always get nervous when three or more people who don't study the economy or financial markets say exactly the same thing. This past weekend, it was ...
Government must manage the federal budget in the same way that you manage your household budget. But in truth, the president must do the opposite.
Recently, "Dr. Doom" warned about a coming market correction. Should investors rely on Professor Roubini's crystal ball?
There's a Category 5 storm about to make landfall, and the president and the officials in charge of preparing for the approaching disaster don't seem to be particularly worried. Sound familiar?
Since the likelihood of more federal stimulus packages is low -- unless they're called something like a "jobs bill" -- this will mean more pain and an even slower economy.
Ask your neighbors over for a potluck Thanksgiving feast, just like the Pilgrims invited the Native Americans. Once you've enjoyed their delicious offerings, kill them and steal their possessions and property.
Recently discharged vets are joining the swelling ranks of the country's unemployed. They bring to the job hunt both special skills and training and, often, the terrible traumas and injuries of their military experiences.
With less than seven weeks to go before we're in 2010, you'll soon be bombarded with Wall Street's annual new year's forecasts. You can be sure the predictions from the brokerage community will be decidedly rosy.