Green shoots?

The Great Recession of 2007-2009 is over. So says the International Monetary Fund, the Conference Board and a host of private economic forecasters. President Barack Obama and Treasury Secretary Tim Geithner aren’t prepared to go that far, but they do…

Wen Jiabao: America's banker is a little worried

The great screenwriter William Goldman once wrote, apropos of the movie business, that “Nobody knows anything. Not one person in the entire motion picture field knows for a certainty what’s going to work. Every time…

AP Photo/Mark Lennihan

We now know — thanks to, among other things, the revelations of whistle-blowers whose warnings went unheeded — that the explosion in home mortgage defaults and the ongoing credit crisis might have been avoided if the Federal Reserve had…

President George W. Bush meets with President-elect Barack Obama in the oval office last week.

McClatchy Newspapers has an interesting piece today about the co-presidency taking shape between outgoing President George W. Bush and President-elect Barack Obama.

David Lightman writes:

WASHINGTON — America has…

Let’s grant that the precarious condition of the country’s financial system requires government intervention on a massive scale. The hands-off-business Bush administration has confessed as much, and no responsible observer claims otherwise - although there is considerable disagreement about the right…

No, but you . . . you . . . you’re thinking of this place all wrong — as if I had the money back in a safe. The money’s not here. Your money’s in Joe’s house, right next to…

The prevailing notion today among most domestic economic and media observers is that the U.S. economy is in a recession — and most believe it will get worse before it gets better. But is that really the case?

Representing the prevailing view,…