Recession Causing Milk Industry to Suffer

January 4th, 2009 • No Comments

The milk industry, the target of a recent New York Times article, has a large surplus of milk-producing cows, as demand for consumer goods - even milk - falls with the lack of available credit, and deepening economic recession. Continue reading ‘Recession Causing Milk Industry to Suffer.’

FDIC Agrees to Sell IndyMac to Investor Group

January 3rd, 2009 • No Comments

IMB HoldCo., an investment group led by Steven Mnuchin, 45, a former Goldman Sachs executive and co-CEO of Dune Capital Management LLC., have finalized negotiations with the federal government to purchase the remaining assets of IndyMac Bank, the now failed California-based mortgage lender. Continue reading ‘FDIC Agrees to Sell IndyMac to Investor Group.’

Indicators of Economic Recession

December 29th, 2008 • No Comments

Economists struggle to accurately define many things; recessions (as well as their causes and solutions) happen to be one of those things. The generally accepted definition of a recession in the field of formal, neoclassical microeconomics is the reduction, in terms of GDP, of a country’s production for two or more quarters. What indicators and metrics do economists use to predict recessions? What policy implications, economic problems, or global trends can be seen to effect recessions - perhaps even prevent them? Continue reading ‘Indicators of Economic Recession.’