GDP growth slowed, followed by a three-quarter recession and slow growth has resumed on the other side of that recession. The unemployment rate skyrocketed, more than doubling in a short period of time, and has lingered at high levels for over a year. The rate of inflation fell well below the Fed's target rate, this despite aggressive expansionary monetary policy. The federal government, whose budget had previously oscillated between monthly surpluses and deficits, has been in deficit every single month -- and deeper deficits than every before -- as it has taken several fiscal policy measures to contain the economic damage. This evidence makes the clear case that steps should be taken to avoid a repeat of this housing crisis in the future, since...
Retrieved March 8, 2011 from http://www.census.gov/const/startssa.pdf
Houston's large supply of land means that demand growth primarily results in more construction, not higher prices" (McCullagh & Gilmer, 2008). However, it is important to realize that land supply is only one part of the reason that new home construction formed such a large part of the Houston housing market. Yes, Houston has more available surrounding land than almost any other major metropolitan area in the United States, but
Media and Conflict The existence of a pro-business, pro-government bias led to ineffectual journalistic coverage of U.S. unemployment during the period leading up to the 2008-2009 recession. In what has come to be known as the Great Recession because of its comparability to the Great Depression, the U.S. unemployment rate reached historic highs. The magnitude of the recession was such that economists and policy-makers should have been better prepared to manage
Time Series Analysis1Time series analysis is a statistical technique that is used to study data points that are spaced at regular intervals. This type of analysis can be used to examine trends over time, such as budget shortfalls or surpluses. Time series data can also be used to make predictions about future budget deficits or surpluses. When analyzing time series data, economists often use trend projections and regression analysis. Trend
International Position Capital One has a good position in the Canadian and British markets. The international credit card business accounts for 11.3% of total revenue in the credit card operating segment (2009 Capital One Annual Report). Capital One does not have retail banking in Canada but does have it in the UK, although that part of the business is relatively minor. In credit cards, the UK business declined 14.6% in 2009
Capital Structure Analysis: Mattel, Clorox and MGM Resorts According to a report in the Journal of Applied Economics, companies with earnings/price ratios that are higher than their estimated after-tax borrowing costs, like Mattel, demonstrate that managers of publicly traded companies are in fact reluctant to make capital structure changes. Clorox, and MGM Resorts International also fit into this category, per my hypothesis. I suggest a radical move for these risk-averse managers
Diminishing Middle Class in NYC If we look at the Lower Manhattan, it won't take us long to notice the change that has taken place in it in the last 10 years. The population especially the residential population has doubled up in the last 10 years as there has been an addition of 30,000 residents who are now living in Manhattan. The main reason behind this sudden and huge growth in the
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