US recession is official now!

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The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) announced yesterday that the US economy peaked in December 2007. In this post, guest contributor Asha Bangalore provides the background to this announcement and comments on the potential duration of the recession. […]

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Stock market performance round-up: Another fake rally?

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This post provides performance tables for various stock markets in both local currency and US dollar terms for different measurement periods ended November 30. […]

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Paul Volcker – Saturday Night Massacre

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In the light of Paul Volcker’s recent appointment as head of a new White House Economic Recovery Advisory Board, this post provides a fascinating perspective of the Volcker era by means of a video clip and historical graphics and pictures. […]

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