From the category archives:

Recession

By now, you’ve probably heard some or all of these phrases: frozen credit markets, mortgage backed securities, collateralized debt obligations, credit default swaps. But just what the heck do they mean? How did we get into this global economic mess anyway? Well, I’m in no mood to try to explain it to you myself, especially [...]

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If you think this recession is bad, imagine what life was like during the Great Depression of the 1930s. Presented below are my favorite five photos from that era. Hopefully, our current economic situation won’t get this bad. But if it does, at least it will be in color.

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As web searches have recently shown, Americans are very worried about the economy. So it wasn’t a moment too soon that the Obama administration announced the launch of Recovery.gov. A week later, he also mentioned it in a widely syndicated speech, so I’m guessing thousands of Americans are now logging onto the site to see [...]

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People are finally getting the message: the economy is bad right now. Still, you can still hear the doubters on occasion; “Ford didn’t need the bailout, even if GM did;” “the whole mortgage crisis and foreclosure stuff is blown out of proportion;” “our infrastructure isn’t crumbling–that’s just the alarmists and media talking.” This is one [...]

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