Where is the Stimulus Money going?

Resources  if you want to dig in deep. Find out how the government is accounting for our tax dollars. Cool graphic of all the money allocated last fall: Tracking TARP money:

A lesson learnt? Preventing the economy from slipping into a depression

The economy is no perfect system, and this statement is no surprise. Like prices that rise and fall over time, the economy expands and shrinks over time too. As we are all well aware, currently the economy is shrinking – and it is doing so more than it would in its ‘normal’ cycles. This abnormal [...]

China’s Concerns

The recession occurring in the United States has lead to financial distress in many other countries over seas, but no country is more intertwined with the US economy than China. In a recent article published by MSNBC, China’s vice governor of the People’s Bank of China discussed the rising fear looming over failing U.S businesses. [...]

Recession Vs Depression

As anyone that has a computer, a TV, a radio, or even two cans tied together by strings has noticed by now that the United States economy is experiencing a recession. So what exactly is a recession? It really depends on who you ask.

Ben Bernanke’s First Ever Public Interview Recap

In response to Jordi’s request today that we focus on something pertaining to the recession, I thought it would be helpful and interesting to recap the recent Ben Bernanke interview on CBS’s 60 minutes. This interview was particularly significant because Bernanke has never been interviewed like this before, and it was mentioned during the show [...]

Troubled Asset Relief Program (TARP)

What is TARP and how will it save our economy? The Troubled Asset Relief Program (TARP) is a funding program established by the US government, which primarily functions to relieve the sub-prime mortgage crisis. It was revised in October of 2008, by then Treasury Secretary Henry Paulson. Through this program, the US Treasury is given [...]

You Thought the Dow Jones Looked Bad…

This is what the job loss in this recession looks like compared to previous ones.

Housing price collapse

This interactive graphic shows housing price collapses in 20 cities.  The issue of housing prices came up today.

I Guess It’s Your Fault

What happeend to our economy?  Why are we in a recession and facing massive structural problems in the financial sector?  If Wall Street is mortally wounded, or already six feet under, who has blood on her hands? I guess it is you…at least according to the American Enterprise Institute’s Kevin Hassett. When Wall Street was [...]

What is wrong here?

“Retention bonuses” would seem to be bonuses by any other name.  Obviously, public and political scrutiny is at super high levels as we reel from the financial crisis. This little nugget caught my eye about a joint venture between Citigroup and Morgan Stanley: According to the newspaper [The WSJ], not all of the joint venture’s [...]