Nov 20 Watch Worsening Economic Crisis Stops Short of Depression Nobel laureate and economist Robert Solow offers his thoughts on the severity of current economic turmoil and the chances of the situation leading to another Great Depression in a conversation with Paul Solman. Continue watching
Nov 20 Watch Stock Market Swings Fuel Rethinking of Retirement Plans U.S. stocks plunged again Thursday to five-year lows, fueling new concerns of retirement savings and 401(k) plans. Economic analysts mull the risks of stock market investment and challenges to saving for retirement. Continue watching
Oct 31 Watch Stocks Remain Volatile After Worst Month in Decades Wall Street has endured its worst month in 21 years yet its best week in 34 years. The markets continue to remain unsettled on news of consumer spending cutbacks and investors' fears. The Wall Street Journal's economics editor analyzes the… Continue watching
Oct 30 Watch Lessons of Great Depression Apply to Current Meltdown The stock market crash of 1929 offers parallels to the spiraling financial crisis of the 21st century, giving insight to measures that can help correct the collapse. Paul Solman talks to two authors on the Great Depression who assess the… Continue watching
Oct 24 U.S., Worldwide Markets Plunge Anew on Recession Fears By PBS News Hour U.S. stocks slid Friday, with the Dow Jones Industrial Average closing down more than 300 points, as worries of a global recession pushed investors to shed stocks and rattled markets worldwide. Continue reading
Oct 23 Greenspan Calls Financial Crisis a ‘Credit Tsunami’ By PBS News Hour In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come. Continue reading
Oct 23 If America is losing money, who’s gaining? Does there have to be balance? Question/Comment: If the world today has all the same resources it had yesterday and America is losing money there must be someone somewhere gaining from this crisis in order for there to be a balance. Am I right? If I… Continue reading
Oct 22 Weak Earnings Reports Trigger Market Losses By Admin, PBS News Hour A number of poor earnings reports from major corporations, including Wachovia Corp. and Merck & Co., caused U.S. stocks to drop more than 500 points Wednesday. Continue reading
Oct 10 Wall Street Fluctuates After World Markets Drop By PBS News Hour Stock prices in Asia and Europe continued to sink Friday, following a day of massive selloffs on Wall Street while Washington considered several new financial rescue maneuvers. Continue reading
Oct 09 Watch Market Turmoil Puts Squeeze on Retirement Savings The markets have endured a wild ride in recent weeks, increasing anxieties over the solvency of retirement savings accounts. The director of the Congressional Budget Office discusses how the financial crisis may impact retirement accounts. Continue watching