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Economy Dives as Goods Pile Up
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GDP of the USA contracted by 3.8% in the 4th quarter of 2008. Excluding the inventory adjustment which is the inventory of products made but sitting on inventory shelfs, the GDP contracted by 5.1%. In the last week of January 2009 there were 70,000 layoffs in the U.S. in all sectors from trucks to technology. 2009 is going to get a lot worse which does not bode well for Detroit automakers and other industries, and for economies overseas like China and South Korea which are heavily dependent on exports, and in turn for Germany which is dependent on the Chinese market.
China Stimulus Spending and investment in infrastructure- 2008-2011
08/02/2008
China's efforts to revive its economy with a large Stimulus Spending Plan.
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BusinessWeek 04/14/2010
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
New York Times 04/03/2009
Chinese debt: The great hole of China
Economist 10/17/2014
Wall Street Journal 08/25/2015
China Lets Banks Lend 5% More This Year
Wall Street Journal 08/02/2008
Rising Unemployment in the U.S. in 2009.
01/31/2009
The number of people on unemployment benefits hit 5.56 million on March 14, according to the Labor Department, with 662,000 new claims filed since then.
Grouped Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Wall Street Journal 02/01/2009
Months After Plant Closed, Many Still Struggling
New York Times 02/10/2009
Ex-G.M. Workers Try to Reboot Their Lives
New York Times 02/13/2009
Dead End in Detroit for White-Collar Workers
New York Times 02/17/2009
Wall Street Journal 02/25/2009
U.S. GDP numbers by quarter, and the component breakdown, for 2009. What it says for the future.
01/31/2009
What the GDP quarterly numbers and breakdown say about the future.
Grouped Articles
Business Pullback Drives Drop in GDP
Wall Street Journal 04/30/2009
U.S. Economy Began to Grow Again in the Third Quarter
New York Times 10/30/2009
False Reading: Brisk GDP Growth Can't Last
Wall Street Journal 10/29/2009
Wall Street Journal 10/30/2009
Wall Street Journal 10/30/2009
America's Grossly Distorted Product
Wall Street Journal 10/30/2009
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