Into the storm

From Free exchange
January 18, 2013 - 2:30pm
WHEN 2007 began, America's economy was growing strongly even as the nation's housing-market bust was gathering pace. In the summer of that year, housing-market troubles precipitated the beginning of the financial crisis as the market for subprime-backed securities evaporated. And by the end of 2007 America was in recession. Though the most dramatic economic events of the financial crisis and recession occurred later, 2007 was the year the storm began, and so it is exciting to finally have access to the full transcripts of the meetings of the Federal Reserve's Federal Open Market Committee, which are released on a five-year lag.With the release of the transcripts, most of the world of economics journalism has begun hunting for evidence the Fed was underestimating the lurking danger. Such passages make for gripping reading, but it's worth remembering that the best indicator that the Fed un...

Continue reading this article »



POPULAR ECONOMY NEWS & ARTICLES

ECONOMY NEWS, ARTICLES & UPDATES


More Economy News & Articles »

Economy Description

Follow this subtopic to stay informed about the Federal Reserve and federal interest rates, the current state of the economy and unemployment, the effect of the Affordable Health Care Act, as well as any other major and minor news stories related to the financial sector.

Economy DRILLDOWN

Job Openings  Rental  Exhibit  Minimum Wage  Carmen Reinhart  Job Creation  Tenebrarum  Asks  Renzi  Taxpayers  James Kwak  Blankfein  Michael Pettis  Greenwald  Rates  Kling  Appelbaum  Bailout  Worse  The ECB  Inventories  New Orders Index  Employment Index  Wages  Government Initiative  France Minister  Industrial Renewal  Capacity Utilization  Antonis Samaras  Progressives  Yglesias  Fiscal  Lagarde  MacroMavens  Peak ProsperityMike  Hussman  Noah Smith  Durable Goods  Joseph Henchman  Bargain  Tax Reform Act  Deirdre  Henchman  David Henderson  Impact  Citizens United  Velde  ZeroHedge  Bargaining  Avik Roy  Avik  Brookings Institution  George Will  Golden Dawn  Vows  Lending  Chicago Fed  NAHB  Spend  Bullard  SocGen  Applicants  Guru  Duy  Evans  Monetary  Prime Minister Shinzo Abe  Chapter  Bob  Quinn  Scranton  Lewis  AFP  UI  Move  New York Times  Keynesian  Indian  Bangladesh  Two  UK Independence Party  Egypt  Egyptians  Reserve Bank  10-Year  P/E  The Fed  Supply  Back  School  Health Affairs  House Democrats  Nobel  Labor Statistics  Indonesian  Tyler  United States  Bank  BLS  Prospects 

Economy Blogroll

Action Economics   Azizonomics   Baseline scenario   Capitalgainsandgames   Econbrowser   Economist   Economistsview   Economix   Globaleconomicanalysis   Gregmankiw   Krugman   Newyorkfed   Reuters   Taxpolicycenter