Tag Archive
Lex Concurs: It’s a Great Recession
Published on May 1, 2009
A pandemic of green shoots, a world infested by signs of hope of recovery, and a big market rally. The FTSE All-World index has risen by 31 per cent since its March low. The VIX index – a gauge of market fear – has more than halved from its year-end high, [...]
America Today as Russia in 1998?
IS AMERICA THE NEW RUSSIA?
By Martin Wolf, Published: April 14 2009
Is the US Russia? The question seems provocative, if not outrageous. Yet the person asking it is Simon Johnson, former chief economist at the International Monetary Fund and a professor at the Sloan School of Management at the Massachusetts Institute of Technology. In an article [...]
2008-2009 Is Worse than 1929-1930
World Economy Falling Faster Than in 1929-1930
By Barry Eichengreen and Kevin O’Rourke.
The parallels between the Great Depression of the 1930s and our current Great Recession have been widely remarked upon. Paul Krugman has compared the fall in US industrial production from its mid-1929 and late-2007 peaks, showing that it has been milder this time. On [...]