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A Diary of the Great DepressionThe excerpts from the Jim Ledbetter-edited Diary of the Great Depression continue to be riveting: October 14, 1931. Last night’s paper reports the closing of eight banks in West Virginia and Philadelphia. Also that the 14 banks in Atlantic City have been combined into four banks. Also t... |
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Bank charge-off rates higher now than during Great DepressionUg-ly. Again, these are the self-important bankers who keep telling everyone that if they don't get their fat bonus money, they will leave. Can we even afford to keep them at this rate? Let them show their value flipping burgers. Even then, you just know they're going to screw up your order a... |
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Recession, depression: Let's call it offDear John: I'm curious if you agree that we are in our lifetime's Great Depression? Others, like best-selling financial author Harry S. Dent, have predicted it will last another 12 to 16 years. F.E.Dear F.E.: Put me down for 3 years, 2 months, 6 days... ... |
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Henry Blodget: The Scariest Jobs Chart EverIt's now official: The country has lost more jobs as a percentage of peak employment than at any time since the Great Depression. This includes the recessions of the early 1980s, even when they are combined. Those looking for a v-shaped recovery keep insisting that jobs will come roaring ri... |
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Trade Upturn Hints at a RecoveryWorld trade, which plunged more sharply during the financial crisis than at any time since the Great Depression, is beginning to pick up, another sign that the global economy is healing. ... |
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A test case for Wall Street justiceDespite all the finger-pointing over who's to blame for the worst financial crisis since the Great Depression, just two prominent players face criminal charges. ... |
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