As much as economists try to avoid this situation, it seems that the economic downfall of a country or domain affects the surrounding nations and market fields, as well. Initially, it was believed that a separation of each economic field will prevent financial recessions from happening as the crisis

For more than five straight decades after World War II, the Great American Job Machine cranked out jobs at a phenomenal pace-22 million in the 1990s alone. But since December 1999, there has been zero net job creation-nada, zippo.

Goldman Sachs recently reported profits of $3.1 billion for the third quarter of 2009. The bonus pool being set aside for this year will amount to, approximately, $16 billion.

The US recession depends as much on her neighbors as on internal checks like Congress and the Fed. If emerging economies stand to gain from the recession, should they bear some responsibility for righting the credit crunch? This article explains some of the problems globalization poses in a financia

How many times have you heard this question asked? If we had a quarter for every time someone in the media or government asked this question asked in the last year we probably would not have to worry about the global credit crisis. Instead, the ripple effect of this crisis is like a thief sneaking i

Economics is simply the study of how people get the physical things they need AND WANT (two entirely different things by the way) and the economy is changing globally. However, it's not just changing now; it's changing ALL the time and has been changing since people started trading with ea

Sometimes I wonder if I am going to be able to keep myself from laughing every time I hear the word sustainable. The reason is simple, each time I hear this word I think to myself that someone is trying to convince me of something, and all too often if you listen to what they say, and follow the act

How are we doing so far? We could all be even worse off, but let's hope it gets better from here. For most of us the impact on our businesses has been inconsistent and inconclusive. What are the right management strategies and action plans to get through this economic turmoil with a more resili

Various governments around the world are currently proposing all types of spending cuts. The reasons for this, is to address growing national debts that are spiraling out of control. However this debt should not be compared to the debt of a normal person, as countries are known to run budget deficit

This is an excellent question and one that I have heard all week. Greece is almost half way around the world...it is a relatively small economy...comparatively speaking we don't trade much with Greece...Isn't it Greece's problem?