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Entries tagged "Great Depression"The 'Great Depression' of IPOs?A recent study found that over the past 11 years the amount of publicly traded companies in the U.S. has decreased 39%. Does that make it a 'Great Depression' of IPOs? Case challenges constitutionality of recovery planRead the headline and mull it over a bit. Is it about the Troubled Asset Relief Program from today or about the National Recovery Administration from 75 years ago? Does Chrysler portend tighter capital?There's very little evidence that a legitimate capital strike is occurring, but it doesn't stop CNBC and others from speculating. Recession nearly over?Rising M&A, better earnings, history and the debut of the Credit Suisse Fear Barometer all suggest the financial free fall that started in December 2007 may soon end. Why Congress may not want a new Ferdinand PecoraIn Tuesday's New York Times, the estimable Ron Chernow lobbies for Congress to find a new Ferdinand Pecora to investigate "the origins of the current crisis." In truth, Chernow, like Pecora in the '30s, appears less interested in that large and complicated subject and more in dragging Wall Street to the bar and tossing a midget in its lap. There is no doubt that the cigar-chomping Pecora did reveal a number of seamy practices on Wall Street, but what Pecora did not do (despite an illustration for Chernow's piece that effectively deifies him) was reveal the deeper origins of the... The depressing scramble to name the recessionIt's not clear if the media is moving beyond Great Depression analogies, or if Depression chic is morphing into something new and even more absurd. In a recent Bloomberg News story about the National Bureau of Economic Research's pronouncement that the economy officially entered a recession in December 2007, a source offered a new name for the 2008 recession: "The Great Recession." ... Depression chic from a bubble cheerleaderWhile the Chicken Littles in the mainstream media comb their archives for images of the Great Depression, an unlikely voice of reason emerges from Newsweek and Slate columnist Dan Gross who argues 2008 is not 1929. Gross, in fact, is downright irate over the issue, suggesting he'd like to throw Arthur Schlesinger's "The Coming of the New Deal" at the next person to make the comparison. Of course, if he does toss Schlesinger's three-volume set at someone, they should respond by throwing back Gross' own tome "Pop!: Why Bubbles are Great for the Economy," published in May 2007, just... Is Volcker right for the economy?As President-elect Barack Obama convenes his economic team to discuss the state of the U.S. economy, one name on the list, Paul Volcker, might seem unusual at this moment in time. Volcker, the former Federal Reserve chairman under Presidents Carter and Reagan, may be considered for treasury secretary. Although Obama has yet to name any Cabinet member, Volcker stood just behind Obama at Friday's meeting -- Vice president-elect Joe Biden flanked the president-elect on the opposite side -- perhaps giving us a tip off to who may secure the position. However, Volcker's history as an inflation hawk would make him... Have we learned enough?This was the question posed by N. Gregory Mankiw in Sunday's New York Times. The former chairman of President George W. Bush's Council of Economic Advisors was asking if we had learned enough about causes of the Great Depression to avoid another one. It's a compelling question, but largely a nonstarter. The world is completely different today than it was in the 1930s. We need to cast our net a lot wider. ... Searching for signs of the dreaded 'D' wordThe latest issue of Time magazine features a photo of a 1930s soup line with the words "The New Hard Times" emblazoned across it, asking in smaller print whether we've reached "The End of Prosperity?" Curiously enough, the word depression, the dreaded "D" word, appears in smaller type near the bottom of the cover, and is easy to miss. Ready for the gas pipe now? Well, as dire as that cover seems, the story it refers to, by Harvard professor Niall Ferguson, offers a very different picture. It turns out that Ferguson is no Nouriel Roubini, the New York... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Great Depression." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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