Reading List: Has the Great Recession made us forever poorer?
- 20 March 2012
The disconnect between jobs and GDP data in the US might mean the country will never fully recover from the financial crisis in 2008. If policymakers don't do anything about long-term unemployment, it might cost America its long-term prosperity. The Atlantic
In response to the cover of last week's edition of The Economist, Barry Ritholtz remarks: "The timing of this could very well mark a top in economic activity, but by the rules of magazine indicators, I am going to suggest this one fails to qualify." The Big Picture
Minxin Pei says the World Bank's much-applauded report on the future of the Chinese economy shied away from the most critical question: "Will the Chinese government actually heed its advice and swallow the bitter medicine, given the country's one-party political system?" Project Syndicate
Contrary to popular belief, Miranda Xafa argues that an exit from the Eurozone and a return to the drachma would be "all pain, no gain." Vox EU
Jason Rave believes arguments that say quantitative easing is the cause of the recent oil spike, lacks any "resemblance of rational economic analysis." Macro Matters
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- UK slips into deflation for the first time since the sixties
- Ombudsman reveals 278% rise in fee-charging bank account complaints as it marks its 15th anniversary
- The Wellesley Mini-Bond offers up to 7% gross interest per annum
- Have your say: which artist should feature on the next £20 note?
- House prices rise by nearly 10% across UK and almost 15% in Scotland
- Share Centre says Vodafone is a 'buy' despite profit fall
- Barclays hit with record-breaking £1.53bn fine as banks' total forex rigging bill reaches £4bn
- Are bond bubble fears justified? Two experts share contrasting views
- CBI calls on business to speak up for importance of staying in EU
- Building societies look to solve lending into retirement woes and call for action to tackle housing crisis