Tuesday, June 19, 2012

Recession

  • 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)

No comments:

Post a Comment