Probable outcome will be a sharp market sell-off either later this year or early next year as earnings disappointments and lower growth exceed the most negative of current forecasts.

The Great Recession of 2008-2009 differs fundamentally from the eleven postwar economic recessions that preceded it.

Historical experience suggests that the majority of economic forecasters is mistaken in predicting a V-shaped U.S. economic recovery in 2010.

Judging by the all too many economic flashpoints around the globe, the Australian Reserve Bank's bet on a V-shaped global recovery would seem to be anything but a sure thing.

The U.S. economy has received massive doses of stimulus medicine, and as that medicine is being withdrawn, it appears that the patient has not yet recovered. We are now in the experimental drug phase of monetary policy.

Reports of the end of the U.S. recession are premature.

The U.S. equity market still seems to believe that, whatever recession we might have had at the start of this year, a recovery is on the way.

Answering questions without a shade of fear or reticence and with remarkable thoughtfulness and self-awareness, the men and women we interviewed in Russia revealed deeply personal, passionate commitment to dignity in liberty and citizenship.