January 28, 2009

More News

Posted in Consumer Confidence, Economic Indicators, Recession, Unemployment at 8:10 am by davidprudente

Several articles dealing with economic issues we are focusing on in class have appeared on major national news sites.

The first of these articles is a multimedia presentation from the New York Times. The article provides a historical look at how the U.S. government has dealt with recessions over the past 50 years. In addition to providing a timeline, audio from three prominent economists provide insight as to how the government looked to turn the economy around.

In additon, The Consumer Confidence Index was released this week and the numbers were not good.  Statistics released this week indicate that consumer confidence is at an all-time low (since the government began reporting CCI in the mid-1960s).

And, as if the news wasn’t bad enough, Unemployment is edging up in all states. Here’s an interesting chart/map from the Wall Street Journal that shown the current trend in unemployment nationally. Closer to home, the Baltimore Sun reports that Maryland’s Unemployment Rate hit 5.8%, a 15 year high.

January 25, 2009

Bad News Ahead

Posted in Consumer Confidence, Economic Indicators, GDP at 4:13 pm by davidprudente

Here’s an article from CNN that highlights some of the economic indicators we’ve been discussing in class. To Summarize:

Investors will also digest reports on housing, consumer confidence and leading economic indicators early in the week. The end of the week brings the fourth-quarter gross domestic product (GDP) report. It’s expected to have fallen by an annual rate of 5.2%, it biggest plunge in 26 years.

November 29, 2008

Mankiw’s Latest Article in the NYTs

Posted in Aggregate Demand, Consumer Confidence, Fiscal Policy, John Maynard Keynes, Macroeconomics, National Debt, Savings & Investment at 4:53 pm by davidprudente

Here is Professor Mankiw’s latest article appearing in the New York Times…discussing what John Maynard Keynes would do in the current crisis…you’ll be reading about Keynes next in the Worldly Philosophers.

March 25, 2008

Consumer Confidenvce at 5 Year Low

Posted in Articles, Consumer Confidence, Economic Indicators at 11:47 am by davidprudente

Here’s an article from CNN that reports Consumer Confidence is at a five year low. If you recall, we discussed consumer confidence earlier in the year when we studied Economic Indicators. How is it that consumer confidence drives economic behavior?