recession

A Statistical Economic Recovery – Is America’s Recession Really Over?

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As Mark Twain once said, “There are three kinds of lies: lies, damned lies, and statistics.” To me, this nicely sums up recent economic figures that suggest America has escaped the clutches of another great depression and is on the way to a sustained recovery. Government reports say that GDP rose at an annualized rate [...]

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The Beginning of the Recession’s End and Why the Unemployment Rate is Key

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Recent economic figures released confirmed what most had expected: America’s economy is still contracting. The world’s largest economy shrank at an annual rate of 1% in the latest quarter (compared to 6.4% in the previous one) meaning that while the country’s deepest post-war recession was not over, the rate of decline is most definitely slowing. [...]

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Week in Review: 15% – America’s Real Unemployment Rate

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The Bureau of Labor Statistics released the latest unemployment report showing that the US economy has now lost at least 650,000 jobs for three consecutive months, the worst decline in percentage terms over that length of time since 1975. The rise in the unemployment rate from 7.6% to 8.1% translates to an estimated 12.5 million [...]

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How Long will the Current Recession Last? Not as Long as You Think.

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Many are calling this the worst recession since the great depression. Or, most succinctly the Great Depression 2. No doubt the news is bad and all the major economic indicators signal that growth is slowing at a quickening pace. But the question on most people’s minds is how long will this recession continue. It is [...]

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