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    NY Fed has launched a useful tool that allows you to look at the collapse of the credit economy in real, interactive time. At first glance, you see that mortgage bloodbath has now reached epic proportions. read more »
    Layoffs, unemployment and wage rate changes are highly variable from industry to industry. Some industries still have surprisingly healthy labor markets, such as healthcare and finance. read more »
    The economy is now beginning to emerge from its worst crisis in generations, but the downturn might have been much worse if central banks hadn't acted so forcefully last fall, Fed Chairman Ben Bernanke said Friday. read more »
    The author compares our current linear economc model to that of a cancerous cell and proposes a new one based on the cyclical path of natural regeneration. read more »
    "The turnaround will not be simple," Olivier Blanchard, says the top IMF economist. "The crisis has left deep scars, which will affect both supply and demand for many years to come." read more »
    The French and German economies both grew by 0.3% between April and June, surprising economists and bringing to an end year-long recessions in Europe's largest economies. read more »
    If you have been able to hold on to your job or business, the good news from the recession is that everything is becoming more affordable. This is true for all major cities except San Francisco. read more »
    US manufacturing activity is now set to grow next month for the first time since January 2008 as industrial companies work to restock customers' bare shelves. read more »
    Now that the recent housing reports are generating positive headlines and the global economy appears to be slowly digging its way out of an enormous hole, the burning question is… Has the housing market hit bottom? read more »
    Fed Chairman Ben Bernanke on Sunday said he engineered the central bank's controversial actions over the past year because "I was not going to be the Federal Reserve chairman who presided over the second Great Depress read more »
    Sales increased to a 384,000 annual rate, higher than most forecasts and the most since November. The number of houses on the market dropped to the lowest level in more than a decade. read more »
    Add together the declining markets, an imploding finance sector and the millionaires who ripped off other millionaires, these are tough times for the wealthy. And now - they are the favorite target of politicians. read more »
    Most countries of the world have taken significant hits to their unemployment rates during this crisis - however some have fared better, some worse. Here's a comparison. read more »
    How large is a trillion dollars, really? read more »
    A recovery that will actually be felt is probably at least a year away. But we may finally be seeing signs that some parts of the economy are turning the corner. Here are six of them. read more »



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