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Michele M. Wucker /’wʊkər/ (born 1969) is an American author, commentator and policy analyst specializing in the world economy and crisis anticipation. She is the author of The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore, [1] Lockout: Why America Keeps Getting Immigration Wrong when Our Prosperity Depends on Getting it Right [2] and Why the Cocks Fight: Dominicans ...
Ultimately, these combined effects “can contribute to a broader economic slowdown — or even a recession.” For more CNN news and newsletters create an account at CNN.com Show comments
The US economy seems to have pulled off a remarkable and historic achievement. Yet with just days to go before the presidential election, the majority of voters say they remain displeased with the ...
Unemployment is down. Inflation is up. With the Federal Reserve Board again raising interest rates this week, plus new indications we could be in a recession, the economy is in uncharted waters.
The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second ...
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The following table illustrates the impact of the pandemic on key economic measures. February 2020 represented the pre-crisis level for most variables, with the S&P 500 stock market index (a leading indicator) falling from its February 19 peak. From February through June, the number of persons with jobs was down 14.6 million.
The title of the book points at the sharp decline in stock prices following the bankruptcy of the investment bank Lehman Brothers in September, 2008. Meanwhile, its subtitle reveals Stiglitz's conviction that free markets are at the bottom of the crisis, as he makes deregulation responsible for the rise of the shadow banking system, over-leveraged banks and subprime mortgages.