…in the 4th quarter of 2004. The great recession generated the severe world wide downturn in trade, but US imports are obviously rebounding much more than US exports. If you…

…more severe, from 13.1% to 9.2%. The bottom line appears to be that this data does not disprove the theory that lower personal income taxes and especially lower capital gains…

…show non-declines in Personal Income both from 2007 to 2008 and from 2008 to 2009. Such an accomplishment certainly could not be matched by states with Severe Crises, such as…

This recession caused a severe disruption in the labor market for teen employment. The chart below illustrates the unemployment rate alongside the employment-to-population ratio for those aged 16-19 years. The…

…of making unpopular decisions that are in our collective best interest. In 2008, during the most severe financial crisis in 80 years, Republican and Democratic leaders in Washington came together…

…was almost as severe as the -30.4% drop from 1929 to 1933. Of course this is tempered somewhat by a -0.5% and -2.4% drop in the civilian population in 1942…

…a slap on the wrist. To be instructive and to spur more prudential banking from Big Banks, the penalty needs to be severe enough to be taken very seriously. ___________________________________________________…

…reason, a Commission report focused on “entitlement reform” rather than “financial reform” would be entirely beside the point. Entitlement cuts, no matter how severe, cannot and will not achieve deficit…

…I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost —…

…where most routine or repetitive jobs will be performed by machines or software, and that, as a result, we may end up with severe structural unemployment. The latest weekly report…