Recession Survival Tips

The key to understanding the proposed benefits and limitations of the proposed stimulus plan lies in grasping the basic tenets of Keynesian economics.  Keynes’s theories began to fade in popularity towards the end of the seventies.  For nearly thirty years, businesses and investors lobbied for market deregulation;... 

My favorite economist thinks President-Elect Obama’s proposed economic stimulus plan is insufficient.  Paul Krugman writes in today’s New York Times, “The economic plan he’s offering isn’t as strong as his language about the economic threat.  In fact, it falls well short of what’s needed.” ... 

Not nearly enough... Well, it was inevitable folks.  Critics from across the ideological spectrum are rearing their heads in order to voice their opposition to the proposed stimulus plan.  Despite his inauguration still being two weeks away, Obama and his advisers are working with Congress to have the plan ready to sign the... 

Finally, the recession is producing tangible benefits for the average American.  Credit card lenders are so worried about huge numbers of people defaulting on their credit card payments that they are willing to negotiate debt settlements that are very favorable to the consumer.  Lenders are lowering interest charges, extending... 

Today, some tentative good news.  According to Blue Chip Economic Indicators, if the government does indeed pass the massive bailout package, the economy could start recovering as early as July 2009.  Over fifty economists from respected banks, brokerage firms, and insurance companies contributed to this forecast. Of course,... 

It Might Blow Up, But It Won't Go Pop? While credit default swaps pose the most significant new risk to our economic health, the bursting of the housing bubble is the primary cause of the current recession.  Now that may appear to be a simple proposition.  However, the underlying causes of the housing bubble, and the...