BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[NBER: Recession Not Officially Over, Yet]]>http://www.bloggingstocks.com/2010/04/13/nber-recession-not-officially-over-yet/http://www.bloggingstocks.com/2010/04/13/nber-recession-not-officially-over-yet/http://www.bloggingstocks.com/2010/04/13/nber-recession-not-officially-over-yet/#commentsFiled under:

One economic condition nearly every American can agree on -- as an everyday reality, or real-world feel: the recession is not over. In practical terms, with the U.S. unemployment rate at a totally unacceptable 9.7%, the recovery has not started.

Still, from a GDP standpoint, the economy is growing -- GDP has been positive for two quarters -- and many other economic fundamentals are signaling that the economic recovery probably started in July/August 2009.

Continue reading NBER: Recession Not Officially Over, Yet

NBER: Recession Not Officially Over, Yet originally appeared on BloggingStocks on Tue, 13 Apr 2010 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsjob growthnberrecessionunemploymentTue, 13 Apr 2010 17:20:00 EST<![CDATA[10 craziest days on Wall Street in 2008: #5 It's official: U.S. economy enters recession ... in 2007]]>http://www.bloggingstocks.com/2009/01/04/10-craziest-days-on-wall-street-in-2008-5-its-official-u-s/http://www.bloggingstocks.com/2009/01/04/10-craziest-days-on-wall-street-in-2008-5-its-official-u-s/http://www.bloggingstocks.com/2009/01/04/10-craziest-days-on-wall-street-in-2008-5-its-official-u-s/#commentsFiled under:

Dec. 1: Dow 8,149 (down 679 points); trading range, 703 points

Start spreadin' the news -- the U.S. economy entered a recession 12 months ago.

But this headline from the National Bureau of Economic Research (NBER) combined with other weak economic data and more troubles in financials to drag down the Dow by nearly 700 points.

In fact, 498 of the S&P 500 stocks posted a decline during the session.

Every sector showed weakness, as a disappointing manufacturing survey sank to the worst level since 1982, and weighed on trading.

Financials took another severe beating as Oppenheimer uber-analyst Meredith Whitney opined that the credit card industry may cut credit lines by more than $2 trillion during the next 18 months.

Meanwhile, Fed Chief Ben Bernanke laid out additional policy actions that may be taken to boost the economy.

Greg Tucker is the executive editor of OptionsZone.com.

10 craziest days on Wall Street in 2008: #5 It's official: U.S. economy enters recession ... in 2007 originally appeared on BloggingStocks on Sun, 04 Jan 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>national bureau of economic researchNationalBureauOfEconomicResearchnberSun, 04 Jan 2009 10:00:00 EST<![CDATA[Leading U.S. economist: "The situation is very bad and getting worse"]]>http://www.bloggingstocks.com/2008/03/14/leading-u-s-economist-the-situation-is-very-bad-and-getting-w/http://www.bloggingstocks.com/2008/03/14/leading-u-s-economist-the-situation-is-very-bad-and-getting-w/http://www.bloggingstocks.com/2008/03/14/leading-u-s-economist-the-situation-is-very-bad-and-getting-w/#commentsFiled under: , , , ,

Reuters reports that one of the U.S.'s leading economists, Harvard's Martin Feldstein gave a speech in Florida today in which he said that the U.S. faces a recession that could be "significantly more severe" than recent ones.

This is very bad news because Feldstein is the head of the National Bureau of Economic Research (NBER) which is responsible for determining when recessions begin and end. Not only that, but he is a Republican whose editorials are frequently in the Wall Street Journal. So for Feldstein to make this claim, he must have very compelling and irrefutable evidence on which to base his prediction. Given his position in the firmament of economists, It would be incredibly irresponsible for him to be exaggerating for effect.

Here are some of the scare quotes:

  • "The situation is very bad, the situation is getting worse, and the risks are that it could get very bad."
  • "There's no doubt that this year and next year are going to be very difficult years."

Continue reading Leading U.S. economist: "The situation is very bad and getting worse"

Leading U.S. economist: "The situation is very bad and getting worse" originally appeared on BloggingStocks on Fri, 14 Mar 2008 17:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsMartin FeldsteinNBERrecessionFri, 14 Mar 2008 17:50:00 EST