After the economy started growing for a while — and
considered out of recession — the Federal Reserve raised interest rates to stop inflation.
Not exact matches
While I'm not persuaded by the argument that Canada needs countercyclical Keynesian deficit spending (I think we're already
out of recession), I do know what fiscal policy I would
consider worse: arbitrarily cutting spending in a weak economy to balance the budget in light
of a revenue shortfall stemming from lower than expected nominal GDP.
«Even as we've come
out of the
recession, heels are dug in, and nobody is really
considering putting in additional funds,» says Bruce Baker, an expert on school finance.
Considering a recent Wall Street Journal report stating Americans have lost over 40 %
of their wealth while weathering the
recession, it boggles my mind that there are people
out there spending upwards
of $ 500 on lavish dinners because they feel such grand gestures are the only way to show love / affection.
«Mr. Krugman explains most economists initially
considered the 2009
recession to be the simple byproduct
of the financial crisis (which it has turned
out not to be)... «As a result, many economists — myself (Krugman) included — turned to a view that stressed nonbanking issues, especially the broader effects
of the collapsed housing and the overhang
of private debt.»
The credit scoring developer FICO reports that over one - quarter
of consumers have credit scores under 600,9
considered a poor score, as opposed to only 15 %
of the population before the Great
Recession.10 That means that one - quarter
of American workers are at risk
of losing
out on a job — or even being fired — over their credit histories.
Four
out of five sole practitioners and small independent firms
consider themselves «stable or growing», as a new breed
of business - savvy lawyers emerge from the
recession.
Coming
out of the
recession, DC was widely
considered one
of the best apartment markets across the country.