Great Recession

It’s back-to-school time, which is usually a glorious moment for beleaguered retailers. But this year, there’s more at stake than a new box of crayons for little Johnny. There’s a…

Today the Bureau of Economic Analysis (BEA), the agency of the US Department of Commerce that provides important economic statistics, including the gross domestic product of the United States, reported that in Q1…

There were many policies and practices that came together to cause the Great Recession of 2008, but certainly the trigger was subprime lending in the housing market. People were getting loans…

Back in 2009 the German central bank, the Bundesbank, announced they were concerned they hadn’t been paying enough attention to their gold reserves stored in overseas central banks. It’s not…

One of the frustrating things about personal finance is watching people, smart people, make the same mistakes over and over. Those bad decisions happen at the personal level, then bubble…

Some wise philosopher once said there were two ways to look at something — the glass is half full, or the glass is half empty. That leaves out the third…

Americans have a long tradition of packing up and moving to find better opportunities. Covered wagons streamed west in the early 1800s, packed with people willing to brave the hazards…

The United States’ central banking system will continue to “taper” its bond-buying program, and intends to end the program this fall, Janet Yellen told reporters today in her first press…

Most people are aware that the Great Recession of 2008 was triggered by sub-prime lending, what those of us in the real estate industry called a “no-doc” loan, also called…

Asian markets are getting clobbered today, and the Japanese markets have officially reached “correction” territory. The contagion spread to US markets after manufacturing numbers missed projections; the numbers didn’t miss…