The big risk to the short-and-shallow recession scenario is the credit crunch, but preemptive Fed moves, solid corporate balance sheets, and stronger exports will help limit the downturn
"Since when is borrowing money innovation? Debt is still debt, no matter how many fancy loopholes and acronyms you attach."
Tell Us: The Fed's Plan -- Innovative or Derivative?
This credit quake looks to be the severest threat to the economy in decades, and its tremors are being felt from Wall Street to the Great Wall
To head off a catastrophe, Bernanke has reinvented the central bank while injecting a huge dose of money into the system
Bear Stearns may not be the last surprise in the subprime saga
Amid the gloom, several sectors are doing well and should continue to shine
She's stepping up with measures aimed at voters' pocketbook woes
How regulators, investors, and lenders failed to see a crisis coming
How the falling greenback is killing jobs and crimping profits on the Continent
Suddenly the notion of big investment firms failing no longer seems like an alarmist fantasy
JPMorgan CEO Jamie Dimon moved quickly to save Bear Stearns, filling a leadership vacuum on Wall Street