MacroScope video: Lakshman Achuthan

By Reuters Staff
March 9, 2009

Lakshman Achuthan, managing director at the Economic Cycle Research Institute, speaks to Pedro Nicolaci da Costa about his views of the recession, the current economic environment, and possible steps that could lead to a turnaround.

Finns told to smash piggy banks

March 6, 2009

In Finland, public service messages have turned to pleading with people to consume more to stave off the recession.

The Beige Book Chronicles

March 4, 2009

The U.S. Federal Reserve’s Beige Book survey of economic conditions is always chock full of goodies for the econ wonks among us. Today’s installment is a recession-era opus, chronicling in amazing detail just how sharply the economy is falling. Allow us to present a top 10 list of interesting observations:

from Tales from the Trail:

Bold budget boosts bailout

February 27, 2009

USA-OBAMA/How do you buy $750 billion of toxic bank assets with only $250 billion of taxpayer money?

from Tales from the Trail:

When is a housing crisis like venereal disease?

February 20, 2009

If you're among those upset that your taxpayer dollars may be spent in volume to rescue people who -- for whatever reason -- can't make their mortgage payments, Federal Financial Analytics analyst Karen Shaw Petrou recommends thinking about it this way:

Germany, Japan hit by global consumer thrift

February 10, 2009

The world’s second largest economy, Japan, and Europe’s largest, Germany, all of a sudden have a lot in common. 

Trichet says spend, spend, spend

February 5, 2009

The financial crisis is causing people to do some funny things, but when the head of one of the world’s biggest central banks looks down the lens and tells people to stop being so cautious and go and spend, spend, spend, you know something strange is going on.

So many ways to say goodbye

January 29, 2009

It takes a delicate touch to make job cuts sound more palatable. As U.S. companies reduce payrolls by the thousands, the press releases seem to be getting more and more creative.

Hey Europe, stop acting so happy

January 26, 2009

Merrill Lynch economist David Rosenberg’s views are well-known for bearing no resemblance to his firm’s trademark bull, so when he says European clients seem too upbeat, what he really means is they weren’t thoroughly depressed. The New York-based economist just got back from a marketing trip across the Atlantic and didn’t find much common ground.

from Global Investing:

And the next Iceland is…

January 23, 2009

If there's one thing you don't want to be, it's the next Iceland.

Since its currency, colossally indebted banking sector and economy collapsed in spectacular fashion in October, the country has become a byword for an economy that has truly hit the rocks.