Chronicles of the Recession and the Economic Downturn

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

Sunday, May 31, 2009

GM Said to Set Bankruptcy Time, Pick Restructuring Chief
Posted by Dennis Jones at 2:58 PM
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Friday, May 29, 2009

Borrowers with good credit fuel foreclosures in 1Q
Posted by Dennis Jones at 5:00 PM
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More Homeowners Facing Foreclosure
Posted by Dennis Jones at 4:57 PM
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Sunday, May 24, 2009

TRILLIONS IN DEBT
COMMERCIAL REAL ESTATE LOANS ARE COMING DUE
Posted by Dennis Jones at 7:55 PM
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Friday, May 22, 2009

Recession Turns Malls Into Ghost Towns
Posted by Dennis Jones at 5:03 AM
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Thursday, May 21, 2009

World Economies Plummet
Posted by Dennis Jones at 3:23 AM
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Day of reckoning looms for the U.S. dollar
Posted by Dennis Jones at 3:12 AM
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Wednesday, May 20, 2009

Japan's economy suffers record plunge
Posted by Dennis Jones at 4:50 AM
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Tuesday, May 19, 2009

UK economy slides deeper into deflation
Posted by Dennis Jones at 2:39 AM
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Monday, May 18, 2009

House-Price Drops Leave More Underwater
Posted by Dennis Jones at 4:54 AM
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Saturday, May 16, 2009

Europe in deepest recession since War as Germany suffers
Posted by Dennis Jones at 4:47 PM
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Thursday, May 14, 2009

Financial Crisis Far from Over, Ritholtz Says
Posted by Dennis Jones at 1:46 PM
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Jobless claims jump to 637K; producer prices rise
Posted by Dennis Jones at 1:43 PM
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Oil falls below $57 as US recovery hopes wane
Posted by Dennis Jones at 11:30 AM
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GM, Chrysler to cut up to 3,000 dealers: sources
Posted by Dennis Jones at 4:48 AM
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Wednesday, May 13, 2009

Medicare, Social Security Funds Worsen in Recession
Posted by Dennis Jones at 1:48 PM
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U.S. Retail Sales Unexpectedly Fall for Second Month
Posted by Dennis Jones at 8:32 AM
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Car dealers fight rapid closures; 180,000 workers could lose jobs
Posted by Dennis Jones at 3:07 AM
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April foreclosures up 32% over last year, report says
Posted by Dennis Jones at 3:06 AM
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Recession hits Social Security hard
Posted by Dennis Jones at 3:04 AM
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Tuesday, May 12, 2009

Home Prices in U.S. Drop Most on Record in Quarter
Posted by Dennis Jones at 11:54 AM
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Friday, May 8, 2009

Under Restructuring, GM To Build More Cars Overseas
Posted by Dennis Jones at 10:17 AM
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unemployment rate climbed to 8.9 percent, the highest since late 1983
Posted by Dennis Jones at 10:16 AM
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Why Small Businesses Still Can’t Borrow Money
Posted by Dennis Jones at 10:15 AM
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U.S. may face years of sluggish economic growth
Posted by Dennis Jones at 4:45 AM
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Thursday, May 7, 2009

Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says
Posted by Dennis Jones at 7:21 PM
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Fed Sees Up to $599 Billion in Bank Losses
Posted by Dennis Jones at 7:20 PM
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Rich Default on Luxury Homes Like Subprime Victims
Posted by Dennis Jones at 3:09 AM
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Wednesday, May 6, 2009

BofA Faces $34 Billion Gap
Posted by Dennis Jones at 6:11 AM
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Tuesday, May 5, 2009

Britain falls from top 10 in international prosperity league
Posted by Dennis Jones at 3:26 AM
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Small Banks Face Hits on Commercial Real Estate
Posted by Dennis Jones at 3:22 AM
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Economic casualties pile into tent cities
Posted by Dennis Jones at 3:18 AM
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A bank cuts its losses on a failed 16-unit project by having the homes demolished.
Posted by Dennis Jones at 3:15 AM
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Monday, May 4, 2009

Foreclosure Trouble Spreads to Those Who Bet the Farm
Posted by Dennis Jones at 7:23 PM
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Fed Says U.S. Banks Expect Deepening of Loan Losses
Posted by Dennis Jones at 12:48 PM
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E.U. Says Europe Faces Deep Recession
Posted by Dennis Jones at 6:09 AM
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Saturday, May 2, 2009

7 Major Metrics Show We Are Still in the Midst of the Recession
Posted by Dennis Jones at 6:00 AM
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Three Banks Seized by Regulators, Pushing Year’s Total to 32
Posted by Dennis Jones at 5:53 AM
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Auto Sales Stay in Rut Amid GM, Chrysler Woes
Posted by Dennis Jones at 5:51 AM
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Federal regulators shut down Silverton Bank in Atlanta on Friday
Posted by Dennis Jones at 5:50 AM
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Friday, May 1, 2009

Chrysler files for bankruptcy protection, will partner with Fiat
Posted by Dennis Jones at 3:58 AM
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Chrysler bankruptcy,
Posted by Dennis Jones at 3:56 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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