Economics @ ITT

Is the US Economy Really in Trouble? 

Posted in Uncategorized by ittecon on October 30, 2015

A strong case could be made that it is in its most vulnerable spot in years, at risk of a new recession amid a global slowdown. The market for many types of risky bonds is in disarray, and “the dangers facing the global economy are more severe than at any time since the Lehman Brothers bankruptcy in 2008,” the former Treasury secretary Lawrence Summers wrote recently.

There is also a strong case that the United States economy is robust enough to withstand whatever challenges might arise from overseas, and that the evidence of a slowdown is scattered and overstated. Fewer people have filed for unemployment insurance in recent weekly readings, for example, than any time since 1973.

Source: Is the Economy Really in Trouble? A Debate – The New York Times