If the ultimate cause of the economic crisis was an excess of credit itscure will almost certainly be a contraction of debt. Banks have alreadytightened their lending standards, mortgage companies are...

$787 billion. A bill so hurried that it is questionable if any Representative or Senator who voted on it read the entire text. $311 billion in discretionary spending, much of it not until 2010 and ...

The  February preliminary University of Michigan Consumer Confidence number at 56.2 is barely above the recession low  recorded last November in the midst of the financial meltdown. The ...

In the 18 months since August 2007 nominal retail sales have been positive half the time and negative half the time. In the most recent nine months six have been negative and three positive. For the ...

Seven months after the US Dollar began its dramatic recovery and five months after the collapse of Lehman Brothers the currency markets remain in the grip of profound  and  deeply embedded ...

A very poor Non Farm Payrolls report. With 598,000 jobs shed in January the most in more than a generation (January 1974, 602,000), 66,000 in revision losses to November and December and a jump of ...

No Fundamental Change What is the most important statistic in economics?  Yes, that is a trick question.  It is the one that signals the end of the recession. By the time this downturn ...

The British Pound Sterling has suffered more from the financial crisis and recession than any other major currency.  From its high point of just over 2.1100 in November 2007 to its Friday ...