Word: recessional
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But the current recession has been deeper and longer than the past two. "It's a very different story today," says First Eagle's Jean-Marie Eveillard, one of the few managers to produce positive returns when stocks plunged earlier this decade. "The landscape is different, and the recovery, when...
For the past few decades, the easiest call in economics was to predict a V-shaped recession--one that bottoms and rebounds quickly. It's basically all we've had. Only two of the 11 recessions since the end of World War II have lasted more than a year, and...
But at 16 months and counting, this recession looks more and more U-like--one in which a rebound takes time. That's the picture Roubini is painting. He says no amount of government stimulus can make us shoppers again--we have too much debt. When paychecks resume or start...
As the U.S. descends from its decades-long, debt-fueled, free-spending high, Americans are finding ways to save more money. In March, the average person saved 4.2% of disposable income, compared with just 0.2% a year earlier. Thanks to a deep recession, our buy-it-now-and-buy-it...
Guard your Grand Slam breakfasts, people. The recession has hit casual-dining chains like Denny's, Chili's and the Cheesecake Factory particularly hard, as consumers have traded down to less expensive fare at McDonald's. To draw more customers, Denny's is sponsoring shindigs like this one, building on...