Where is the American and global economy headed? Last year, there were two sides to the debate. One camp argued that the recession in the United States would be V-shaped - short and shallow. It would ...

Others, including me, argued that, given the excesses of private-sector leverage (in households, financial institutions, and corporate firms), this would be a U-shaped recession - long and deep. It ...

Pro Publica reports that the Obama administration will begin posting quarterly job numbers instead of counting the cumulative number of jobs “created or saved” by the stimulus package. Given the ...

Where is the US and global economy headed? Last year, there were two sides to the debate. One camp argued that the recession in the US would be V-shaped—short and shallow. It would last only eight ...

There is a particular kind of cruelty in a recovery that shows up in the data but not in the kitchen. But what’s really cruel (and tragic) is how quickly that recovery can dissipate in thin air. Until ...