Recession

Cramer Admits He Was Wrong on Bear Stearns

CNBC 'Mad Money' host appears on CNN's 'Reliable Sources' to defend his Bear Stearns remarks and economic reporting in general.

Peter Goodman's Strained Idea of an Economic "Slump"

The paper's newest gloomy economics reporter sees hardship in slipping sales of crab meat.

NYT Weeps as High-Ticket Items Become Unaffordable in Slowdown

Front-page article spins slowing luxury item sales as 'housing-related' hardship hitting 'Main Street.'

Zuckerman Makes 'Great Depression' Claim Again

U.S. News & World Report editor says economy facing the 'strongest downward pressures' since 'Depression.'

CBS Trots Out 'Great Depression' References in Wake of Bear Collapse

CBS's morning show gives a very grim report about the state of the economy after J.P. Morgan and the Federal Reserve act to keep beleaguered investment bank from failing.

Oops - CNBC's Cramer Said 'Don't Move' From Bear a Week Before Collapse

'Mad Money' host drastically underestimated the investment bank's trouble surrounding the mortgage crisis.

'Today' Sends Mixed Signals on Markets

NBC co-host makes Great Depression comparison while CNBC contributors caution against panic.

Not Just Recession, Clinton Appointee Talking 'Depression'

Former Labor Secretary Reich: 'I Think There's a 20 Percent Chance of a Depression'

'Evening News' Plays Race Card on Home Loans

CBS suggests race was a factor in $300 delinquency surcharge in subprime hardship story.

Burnett Quadruples Foreclosure Statistics

Reporter says 8 percent of homes are in foreclosure, when it was actually 2 percent for the fourth quarter of 2007.
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