Posts Tagged ‘great recession’

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    “Boomerangers,” the Recession and the Family

    Aug 13, 11 • 180 Views • Behavioral Economics, Households, Thinking EconomicallyNo Comments

    The “boomeranger” has returned. A Pew Research Survey found that 13% of all households are composed of parents with adult children who moved away and then returned home. Pew’s respondents say the economy was the reason these

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    A QE2 Eulogy

    Jul 1, 11 • 229 Views • Businesses, Labor, Money and Monetary Policy, Thinking EconomicallyNo Comments

    Although QE2 ended yesterday, eulogies for the Fed’s $600 billion bond buying program did not focus on the qualities of the deceased and why we will miss her. Yes, some did believe that things would have been much worse without QE2. But others were

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    Post Hoc Ergo Propter Hoc?

    Jul 16, 10 • 137 Views • Economic Debates, Government, Macroeconomic MeasurementNo Comments

    Ed Koch, former mayor of NYC used to ask, “How am I doing?” We can ask the same question about economic stimulus spending. By going to recovery.gov, you will see that there were 682,370 new recipient reported jobs between January 1 and March 31,

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    Is the Stimulus Package Working?

    Jun 14, 10 • 187 Views • Economic Debates, Economic Thinkers, GovernmentNo Comments

    We will never know for sure whether the $787 billion stimulus package really made a difference. According to NY Times columnist David Brooks, President Obama’s economists predicted 3 million jobs would be created or saved while others suggest

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    How Are We Doing?

    May 2, 10 • 186 Views • Developing Economies, Macroeconomic MeasurementNo Comments

    Hearing that U.S. real GDP growth for the first quarter was 3.2%, I wondered how well we were doing. We can look at past recessions to assess 3.2%. Looking back to the early 1980s, some economists say they were hoping for better. Like a “V”, when