- A global economy edging toward recession and confronting huge political challenges adds urgency to the G-20 summit in Mexico this week for strong world leadership of the kind last seen at the height of the 2007-09 financial crisis. (Moneynews (blog))
- The default rate for junk-grade European firms could almost double over the coming year if the recession is deeper than expected, Standard Poors Ratings Services said Tuesday. (NASDAQ)
- There are two basic ways to wrestle with recession risk. One is to forecast it, the other is to develop a high-confidence assessment of whether its stepping on the business cycles throat based on the data published so far. (Seekingalpha.com)
- The corporate Northwest came through the Great Recession and its aftermath in better shape than anyone could have hoped. Except for Washington Mutual, it suffered no major bankruptcies. (Seattle Times)
- Is it possible that we are already in a global recession but just dont know it yet? And is the U.S. itself-still the epicenter of the world economy-standing on the front edge of another recession? I sincerely hope Im wrong. (Yahoo Finance)
- The median household net worth in the U.S. tumbled 35 percent between 2005 and 2010, mostly in the form of eroding home values and declines in stock prices. The U.S. (Oregonian)
- (In 3rd paragraph, corrects median net worth to $77,300 in 2010, not $77.3 trillion, and corrects to $126,000 in 2007, not $126 trillion. (Huffington Post)
- If you want to be scared, truly terrified, listen to Mark J Grant. He might be right. (Economic Times)
- Looking back, the financial lives many Americans enjoyed until just a few years ago can seem like a mirage. On a suburban cul-de-sac northwest of Atlanta, Michael and Patricia Jackson are struggling to keep a house worth $100,000 less than they owe. (Huffington Post)
Tuesday, June 19, 2012
Recession
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