"Clearly the eurozone still has its own recession problems.
The biggest problem is not worklessness but low pay, and it is not a cyclical or post-recession problem.
For the most part, these parents did well enough through midlife to take on sizable loans, but some have since fallen on tough times because of the recession, health problems, job loss or lives that took a sudden hard turn.
He predicted that "as we face a harsh and deep recession, the problem of the uninsured is likely to grow".
Continuing the easy money path for too long could fuel inflation or asset bubbles such as the one in housing that led to the last recession — a problem that Yellen warned about in 2005, although she didn't foresee how badly things would end.
When you're in a recession, the problem is that demand is too low, so spending that increases demand really boosts the economy, since it creates demand that entices businesses to hire people who then spend more money and create more jobs -- and so on.
What about the basic discussion we should be having, though, with our American partners about the situation, the risk of their economy going into a recession, the problem with organising decoupling at the start of this recession, and of course, the exchange rate issue?
With Europe in a nasty recession and problems growing in China and the rest of Asia, emerging markets are as vulnerable as ever.
Net income for Disney's fiscal 2009 fell 25 percent, to $3.3 billion, as a result of the recession and problems at the movie studio.
BEHIND THE NEWS With revenue down 3percentt and net income down 18percentt, Microsoft has been humbled both by the recession and problems of its own making.
