Monthly Archives: November 2008

Ms. Park did an interview on BNN today at 1:35pm EST talking about recent market action and economic developments. A link should be available after the show on the BNN web site.

After a year long down cycle and losses of more than 40%, world market trends turned tentatively positive at the end of October and suggested weeks or months of at least interim rally. Responding to this evidence, we took a … Continue reading →

Retrospective economic evidence has now prompted most members of NBER to individually acknowledge that the US is in the midst of the worst recession since at least the Second World War. Jeffrey Frankel, a professor at Harvard University and member … Continue reading →