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Archive for the 'us and world economy' category
From the wire:
Federal Reserve Chair Ben Bernanke said lowering the key interest rate is “certainly feasible,” but probably won’t revive the sagging economy.
The Fed’s key interest rate is now set at 1 percent and many economists predict the Fed will lower it again when it meets on Dec. 15 and 16. But, obviously, the rate [...]
12/03/08 |
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The US is now in a recession.
From the Associated Press:
The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.
The NBER — a private, nonprofit research organization — said its group of academic economists who determine business cycles met and decided that the U.S. recession [...]
12/01/08 |
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It’s as good a time as any to outline several of the government’s proposed “bailout” plans. (Proposals followed by my own comments, of course.)
* The Federal Deposit Insurance Corp. (FDIC) proposes spending $24 billion of the $700 billion bailout funds to help 1.5 million households avert foreclosure.
The FDIC would guarantee 2.2 million modified loans, [...]
11/19/08 |
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But, is Boston?
According to a survey of a group of economists by the Federal Reserve, the United States is in a recession.
When this recession began and when it might be over are open to discussion; several economists interviewed feel the US entered the recession in April, 2008 (2nd-quarter) while others think it was 3rd-quarter (the [...]
11/17/08 |
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Dr Karl Case, professor of economics at Wellesley College, was the guest of honor at a seminar held by the Listing Information Network, Inc. (LINK), yesterday.
He reiterated a lot of the points he made in an interview he gave earlier this week, on CNBC.
His thoughts?
* The residential real estate market may recover before 2010;
* Cleansing [...]
11/14/08 |
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Barney Frank spoke to an audience at Boston College today, according to the Boston Business Journal.
His main points:
* A newly-elected President Obama should make a priority of pushing financial institutions to lend out the money they’ve taken in as part of the federal economic stimulus package;
* The new president should move quickly to help advance [...]
11/06/08 |
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