Archives: November 2007

Larry Summers on Recession

Posted by: Michael Mandel on November 27, Categories: Macro

Writing in the Financial Times a couple of days ago, Larry Summers warns of recession: Even if necessary changes in policy are implemented, the odds now favour a US recession...

My Contribution to Black Friday

Posted by: Michael Mandel on November 23, Categories: Macro

I'm about to go out to Bed, Bath, and Beyond to buy a new shower curtain. I will check out the stores to see who is out shopping today. But...

It's Still A Low Rate World--Sort Of

Posted by: Michael Mandel on November 21, Categories: Financial markets

I have to thank Barry Ritholtz, of the Big Picture for his nice post entitled Breaking the Business Week Cover Curse?. He was referring to the February cover story "It's...

American consumer gets marked to market

Posted by: Michael Mandel on November 19, Categories: Macro

Here's another way to think of the consumer crunch. For years banks and financial institutions have treated lending to consumers as a low-risk activity. Individual Americans might default, but consumer...

Consumer Crunch

Posted by: Michael Mandel on November 17, Categories: Macro

Believe me, I'd rather be optimistic than pessimistic. But unfortunately, that's not the direction my reporting is taking me. See my latest cover story, The Consumer Crunch . Politically this...