Financial headcounts stabilize in 2009

By Reuters Staff
February 25, 2010

After financial firms slashed hundreds of thousands of jobs in 2007 and 2008, the bloodletting slowed in 2009 as major banks rebounded from the financial crisis. Even though firms like Goldman Sachs Group Inc and JPMorgan Chase & Co reported billions of dollars in profit, they still did not announce major hiring initiatives.

A grand bargain to solve global imbalances

February 17, 2010

Michael Pettis, a professor and China expert at the Carnegie Endowment for International Peace, has put together a thorough and informative look at all things U.S.-China trade. It’s well worth reading and watching the entire thing, but here’s a few highlights that jump out:

from UK News:

Has Alistair Darling done enough to revive Labour’s electoral hopes?

By Reuters Staff
December 9, 2009

So how was it for you?

Chancellor Alistair Darling threw the dice in his pre-budget report in an attempt to bolster Labour's chances of winning the general election in 2010.

Chicago and the toddlin’ recovery

November 23, 2009

It may not get as much attention as the monthly employment report or GDP figures, but the U.S. Federal Reserve Bank of Chicago’s gauge of the national economy has a good track record of distinguishing economic expansions from recessions. And it’s suggesting that the U.S. recovery may be wobbling.

from Route to Recovery:

Learning to live with less, and appreciating it

November 9, 2009


BELLA VISTA, Arkansas – For a man who has had his salary cut 10 percent and now has to work hard to make it to his next paycheck, Denny Robertson is in a philosophical frame of mind.

from Shop Talk:

The U.S. recession ends, but not for you

October 29, 2009

unclesambegsTalk about a disconnect.

Experts say U.S. economic growth has returned, signaling the end of the longest and deepest recession since the Great Depression.

U.S. recession’s ending. Now what?

August 10, 2009

The latest Blue Chip survey of economists is out this morning, and there’s general agreement on one point: the longest recession since the Great Depression is about to end, if it hasn’t already. Some 87 percent of the economists surveyed thought the National Bureau of Economic Research will eventually declare the recession ended prior to the end of September.

UK goes crisis camping

August 5, 2009

If the Hollands Wood campsite in the New Forest, near England’s south coast is anything to go by, the recession really is altering the holidaymaking habits of the British public.


July 24, 2009

Fears of the swine flu are rising and some doomsayers compare the pandemic with the Spanish flu outbreak in 1918, which infected a quarter or even half of the world’s population and claimed more than 40 million lives– or 2 percent of the then 2 billion global population.

UK heading for second downturn?

July 17, 2009

MacroScope is pleased to post the following from guest blogger Julian Chillingworth. Chillingworth is chief investment officer of UK investor Rathbones. He questions here whether Britain will face a second downturn shortly after struggling out of recession.