Posts Tagged ‘Global Recession’

Economics and Physics

Sunday, October 25th, 2009
Nathaniel Gronewald reports on a somewhat esoteric controversy : The financial crisis and subsequent global recession have led to much soul-searching among economists, the vast majority of whom never saw it coming. But were their assumptions and models wrong only because of minor errors or because today’s dominant economic thinking violates the laws of physics ? A small but growing group of academics believe the latter is true, and they are out to prove it. These thinkers say that the ne

Geithner says force of global recession receding

Tuesday, July 14th, 2009
The prediction came as Geithner kicked off his first official visit to the Middle East, courting leaders of a Gulf Arab region that has seen its global financial muscle grow on the back of petrodollar fueled investments. “The force of the global recession is receding,” Geithner told Saudi business leaders in the commercial hub of [...]