The Congressional Oversight Panel, which has been reviewing government efforts to rescue banks, released a report today, warning that bad loans and related securities remain a potential risk to the economy and small banks. Here are the key paragraphs (bold … Read More

Reader Mark sent me a link to a talk by Jon Fisher, a professor at the University of San Francisco School of Business. Jon made the point that housing starts and unemployment are inversely correlated. Of course readers here know … Read More

FAQ: How can the unemployment rate fall if the economy is losing net jobs, especially since the population is growing? This data comes from two separate surveys. The unemployment Rate comes from the Current Population Survey (CPS: commonly called the … Read More

From the BEA: Gross Domestic Product: Second Quarter 2009 (Advance) Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 1.0 percent … Read More

From San Francisco Fed President Janet Yellen: Outlook for the U.S. Economy and Community Banks . A few excerpts: [T]he normal dynamics of the business cycle are turning more favorable. Some sectors are poised to rebound simply because they have … Read More

7/22/09 - Nightly Business Report, PBS - NYU Professor Nouriel Roubini’s Outlook on the Economy Transcript from PBS : Wednesday, July 22, 2009 SUZANNE PRATT: Joining me now with his thoughts on health care and the economy is Nouriel Roubini. … Read More

7/20/09 - CNBC - Roubini: Economic Recovery to be ‘Very Ugly’ ( Click here for video ) By: CNBC.com Nouriel Roubini, the economist whose dire forecasts earned him the nickname “Doctor Doom”, told CNBC Monday that the economic recovery is … Read More

From Bloomberg: Harvard’s Feldstein Sees Risk of ‘Double-Dip’ Recession in U.S. … “There is a real danger this is going to be a double dip and that after six months or so we’ll have some more bad news,” [Martin] Feldstein, … Read More

From CNBC: Roubini: Economic Recovery to Be ‘Very Ugly’ “The recovery is going to be subpar,” [Nouriel] Roubini said. “I see a one percent growth in the economy in the next few years. There will also be 11 percent unemployment … Read More

From the Conference Board : The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 0.7 percent, The Conference Board Coincident Economic Index™ (CEI) decreased 0.2 percent … The Conference Board LEI for the U.S. has risen for three … Read More