I thought it would be interesting to start a thread to collect all the posts about how the recession is affecting every day American people. Here's a couple of kick it off.
This is an article by the NY Times Economics Reporter on how he was sucked into the debt cycle along with everyone else.
Read the whole article here
And this is a gallery from the NY Times compiled from readers' photographs. If you click on the thumbnails, each of them has an explanation from the photographer.
This is an article by the NY Times Economics Reporter on how he was sucked into the debt cycle along with everyone else.
My Personal Credit Crisis
If there was anybody who should have avoided the mortgage catastrophe, it was I. As an economics reporter for The New York Times, I have been the paper’s chief eyes and ears on the Federal Reserve for the past six years. I watched Alan Greenspan and his successor, Ben S. Bernanke, at close range. I wrote several early-warning articles in 2004 about the spike in go-go mortgages. Before that, I had a hand in covering the Asian financial crisis of 1997, the Russia meltdown in 1998 and the dot-com collapse in 2000. I know a lot about the curveballs that the economy can throw at us.
If there was anybody who should have avoided the mortgage catastrophe, it was I. As an economics reporter for The New York Times, I have been the paper’s chief eyes and ears on the Federal Reserve for the past six years. I watched Alan Greenspan and his successor, Ben S. Bernanke, at close range. I wrote several early-warning articles in 2004 about the spike in go-go mortgages. Before that, I had a hand in covering the Asian financial crisis of 1997, the Russia meltdown in 1998 and the dot-com collapse in 2000. I know a lot about the curveballs that the economy can throw at us.
And this is a gallery from the NY Times compiled from readers' photographs. If you click on the thumbnails, each of them has an explanation from the photographer.
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