Word: recessional
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Left out of the conversation about bank values are the actual prices of the stocks. It has been the standard proxy of value for decades and there is little reason to change this now. Experts will say that bank stocks were too high two years ago when they traded at...
EMINEM recession special: two albums in 2009
If there is any such thing as a typical recession, it usually runs a one year cycle. By the time most people are about to run out of support from the government, the economy begins to create jobs. It is already clear that is not what will happen this year...
If the Budget estimates are wrong, so are the "stress test" assumptions for the government's new program to determine which banks are in reasonable shape to make it through the recession and which are not. The test is based on unemployment reaching as high as 10%. If the number...
'I don't know how they've managed to brand the recession. I think I might start to make my own brand of cereal called Credit Crunch.' ?Lily Allen, singer