Chronicles of the Recession and the Economic Downturn

This Blog is a chronological record of the worst economic recession since the Great Depression

Wednesday, April 29, 2009

Economy shrinks a more-than-expected 6.1% in Q1
Posted by Dennis Jones at 8:17 AM
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Monday, April 27, 2009

Fed study puts ideal US interest rate at -5%
Posted by Dennis Jones at 7:49 AM
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G.M.’s Ever-Changing Art of Financial Forecasting
Posted by Dennis Jones at 7:46 AM
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GM to Cut 21,000 Jobs, Discontinue Pontiac
Posted by Dennis Jones at 7:40 AM
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Sunday, April 26, 2009

In a South Carolina Town Where the Downturn Has Deepened
Posted by Dennis Jones at 5:20 PM
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Super-rich ravaged by recession
Posted by Dennis Jones at 5:18 PM
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Consumer bankruptcy: A guide
Posted by Dennis Jones at 4:53 AM
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Cause Examined in Recent Rise of 'Familycides'
Posted by Dennis Jones at 4:51 AM
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Saturday, April 25, 2009

Four banks closed by regulators as credit crunch shakes out
Posted by Dennis Jones at 2:17 AM
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Friday, April 24, 2009

China reveals huge rise in gold reserves
Posted by Dennis Jones at 6:03 AM
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UK economy slumped by 1.9pc in first three months of 2009 as recession deepens
Posted by Dennis Jones at 6:02 AM
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California Defaults Soar by 80%
Posted by Dennis Jones at 5:58 AM
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Economic outlook remains bleak as world leaders gather
Posted by Dennis Jones at 5:54 AM
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Jobs and housing data point to continued misery
Posted by Dennis Jones at 5:51 AM
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Thursday, April 23, 2009

U.S. Is Said to Prepare Filing for Chrysler Bankruptcy
Posted by Dennis Jones at 1:50 PM
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U.S. Existing Home Sales Dropped More Than Forecast
Posted by Dennis Jones at 8:21 AM
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Europe's Grim Outlook Challenges World Recovery
Posted by Dennis Jones at 3:26 AM
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Fewer people relocate for better opportunities
Posted by Dennis Jones at 3:22 AM
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GM to Close Most U.S. Factories for Nine Weeks
Posted by Dennis Jones at 3:19 AM
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Wednesday, April 22, 2009

World economy likely to shrink 1.3 percent this year, IMF says; first drop in 60 years
Posted by Dennis Jones at 9:09 AM
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Soaring U.S. Budget Deficit Will Mean Billions in Bond Sales
Posted by Dennis Jones at 4:37 AM
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For Housing Crisis, the End Probably Isn’t Near
Posted by Dennis Jones at 4:34 AM
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Palm Beach Mall in West Palm Beach slapped with foreclosure suit
Posted by Dennis Jones at 4:29 AM
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IMF: Losses from global credit crisis mounting
Posted by Dennis Jones at 4:25 AM
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Tuesday, April 21, 2009

High-end coffee business slows during recession
Posted by Dennis Jones at 3:22 AM
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Leading economic indicators dip more than expected
Posted by Dennis Jones at 3:21 AM
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Monday, April 20, 2009

Re-inflation Rally Part I: Falsehoods, fantasies, fabrications, and fake-outs
Posted by Dennis Jones at 4:29 AM
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Bank Lending Keeps Dropping
Analysis of Treasury Data Paints Starker Picture Than Official Government Snapshots
Posted by Dennis Jones at 4:24 AM
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Concerns raised on pace of stimulus
Posted by Dennis Jones at 4:21 AM
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Commercial Real Estate: Office vacancy rates high and higher
Posted by Dennis Jones at 4:17 AM
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Saturday, April 18, 2009

Mortgage Fraud Crackdown Is Gathering Steam in Florida
Posted by Dennis Jones at 8:41 AM
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Friday, April 17, 2009

the worst employment slump in the postwar era rippled through the economy
Posted by Dennis Jones at 11:46 AM
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Bernanke Says Crisis Damage Likely to Be Long-Lasting
Posted by Dennis Jones at 11:44 AM
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Housing starts plunge in March
Posted by Dennis Jones at 3:43 AM
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Thursday, April 16, 2009

March housing construction plunges more than expected to second lowest level on record
Posted by Dennis Jones at 1:27 PM
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Mall owner General Growth Properties Inc. sought bankruptcy protection early Thursda
Posted by Dennis Jones at 4:41 AM
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China buys less U.S. debt as reserve growth slows
Posted by Dennis Jones at 4:39 AM
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Foreclosures 46% higher in March than a year ago
Posted by Dennis Jones at 4:38 AM
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The Great Recession: America Becomes Thrift Nation
Posted by Dennis Jones at 4:37 AM
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Foreclosure filings jump 24%
Posted by Dennis Jones at 4:36 AM
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Wednesday, April 15, 2009

llegal immigration slowdown in California
Posted by Dennis Jones at 3:11 AM
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L.A. Unified moves to cut 5,000 teachers and others
Posted by Dennis Jones at 3:10 AM
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Tuesday, April 14, 2009

U.S. Economy: Retail Sales, Producer Prices Declined in March
Posted by Dennis Jones at 11:22 AM
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Marriott to discontinue paper delivery
Posted by Dennis Jones at 3:52 AM
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Consumer Spending Index Retreats In March
Posted by Dennis Jones at 3:41 AM
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3,000 lawyers lose jobs in first quarter of year
Posted by Dennis Jones at 3:33 AM
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Monday, April 13, 2009

FEATURE-More Americans wary of U.S. tax man this year
Posted by Dennis Jones at 6:59 PM
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Tax revolt a recipe for tea parties
Posted by Dennis Jones at 3:20 AM
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Sunday, April 12, 2009

Longer Unemployment for Those 45 and Older
Posted by Dennis Jones at 11:54 AM
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Saturday, April 11, 2009

The Tax Capital of the World
Posted by Dennis Jones at 7:11 PM
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As enrollment declines, Palm Beach County school district considers not building 4 planned schools
Posted by Dennis Jones at 4:25 AM
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Friday, April 10, 2009

GM, Chrysler Ratings Are Cut by S&P as Deadlines Loom
Posted by Dennis Jones at 11:38 AM
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Economists See a Rebound in September
Posted by Dennis Jones at 11:37 AM
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1 in 9 homes sit empty
Posted by Dennis Jones at 4:23 AM
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Spending cuts hit summertime fun
Posted by Dennis Jones at 4:22 AM
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Retailers post sales declines; upscale stores among worst performers
Posted by Dennis Jones at 4:19 AM
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Thursday, April 9, 2009

Key to economic recovery may be in California
Posted by Dennis Jones at 3:20 AM
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Tuesday, April 7, 2009

US Deficit Reaches One Trillion for First Half of 2009
Posted by Dennis Jones at 3:23 AM
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Financially pinched companies snip employee benefits
Posted by Dennis Jones at 3:19 AM
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Monday, April 6, 2009

US prepared to oust bank chiefs
Posted by Dennis Jones at 4:29 AM
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House of Cards: How Bear Stearns Came Tumbling Down
Posted by Dennis Jones at 4:28 AM
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No V-Shaped Recovery
Posted by Dennis Jones at 4:26 AM
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s the Dollar Doomed?
Posted by Dennis Jones at 4:25 AM
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Inquiring minds are considering the Case Shiller Home Price Release for March 2009.
Posted by Dennis Jones at 4:22 AM
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'Bailout psychology' destroying the economy
Posted by Dennis Jones at 4:20 AM
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From Bubble to Depression?
Posted by Dennis Jones at 4:19 AM
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Jobs continue shift to suburbs from downtowns
Posted by Dennis Jones at 4:15 AM
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Consumers fall behind on loans at record rate
Posted by Dennis Jones at 4:14 AM
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Homelessness up as families on the edge lose hold
Posted by Dennis Jones at 4:13 AM
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Saturday, April 4, 2009

Mass protest in Rome over financial crisis
Posted by Dennis Jones at 7:10 PM
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Shrinking airlines park more planes in the desert
Posted by Dennis Jones at 10:54 AM
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The photo chain is closing 38 locations in California, and 300 nationwide, in a bid to stay afloat.
Posted by Dennis Jones at 6:12 AM
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Friday, April 3, 2009

Recession Jobs Losses Top 5 Million
Posted by Dennis Jones at 6:23 AM
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U.S. Stock Futures Retreat as Unemployment Hits 25-Year High
Posted by Dennis Jones at 6:22 AM
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Unemployment in U.S. Increases to 8.5%, 25-Year High
Posted by Dennis Jones at 6:21 AM
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Thursday, April 2, 2009

General Growth Properties and the Commercial Real Estate Time Bomb
Posted by Dennis Jones at 7:05 AM
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New jobless claims jump unexpectedly
Posted by Dennis Jones at 7:02 AM
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LInks

  • What are Credit Default Swaps?
  • What is Mortgage Securitization?
  • What is a Subprime Mortgage?
  • What are Collateralized Debt Obligations?
  • What are Mortgage Backed Securities?
  • Bureau of Labor Statistics Calendar
  • National Debt Calculator
  • Home Prices 1890 - Present
  • Calendar of Economic Indicator News Releases
  • Manufacturing Activity
  • Unemployment & Job Data
  • Housing Starts
  • US Debt as of Today's Date
  • Federal Reserve Interest Rate Changes
  • The American Recovery and Reinvestment Act of 2009
  • http://stimuluswatch.org

Price of Gold Over Five Years

Job Fair Hopefuls

Job Fair Hopefuls
A line of job seekers snakes around the Whitcomb Hotel as they wait to enter the California Job Journal HIREvent Feb. 10 in San Francisco. By Justin Sullivan Getty Images

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