Recessions and depressions

In this combo of file photo taken on the floor of the New York Stock Exchange, a television screen headlines the stock index news at the close of trading on Monday, Feb. 5, 2018, top, and a television screen headlines the Dow Jones industrial average on Monday, Feb. 12. The stock market has found firmer footing following its breathtaking drop earlier this month, where the S&P 500 lost 10 percent in just nine days. (AP Photo/Richard Drew, File)
February 14, 2018 - 3:01 am
NEW YORK (AP) — Is it safe to come out now? The stock market has found firmer footing following its breathtaking drop earlier this month, when the S&P 500 lost 10.2 percent in just nine days. Stocks climbed Tuesday for the third straight day, and the S&P 500 is now down 7.3 percent from its...
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Budget Director Mick Mulvaney testifies before the Senate Budget Committee on Capitol Hill in Washington, Tuesday, Feb. 13, 2018, on President Donald Trump's fiscal year 2019 budget proposal. (AP Photo/Susan Walsh)
February 13, 2018 - 4:10 pm
WASHINGTON (AP) — The White House budget director came to Capitol Hill on Tuesday to sell President Donald Trump's budget, but the administration's allies in the Senate preferred to talk about last year's tax cut rather than the trillion-dollar deficits contained in the new spending plan. The...
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President Donald Trump speaks in the State Dining Room of the White House in Washington, Monday, Feb. 12, 2018, during a meeting with state and local officials about infrastructure. (AP Photo/Carolyn Kaster)
February 12, 2018 - 7:08 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.4 trillion budget plan Monday that envisions steep cuts to America's social safety net but mounting spending on the military, formally retreating from last year's promises to balance the federal budget. The president's spending outline for the...
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Trader Robert Arciero works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018. Wall Street capped a day of wild swings Friday with a late-afternoon rally that reversed steep early losses and sent the Dow Jones industrial average 330 points higher. Even with the rebound, this was the worst week for the market in about two years. (AP Photo/Richard Drew)
February 11, 2018 - 9:58 am
WASHINGTON (AP) — The tumble in U.S. stock prices has inflicted psychological pain and financial losses — at least on paper — for people with a meaningful stake in the market. Their anxiety conjures another fear, too: That consumers and businesses might slash their spending in response. Consumers...
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A man walks by an electronic stock board of a securities firm in Tokyo, Friday, Feb. 9, 2018. Asian shares have opened lower and are tracking the overnight plunge on Wall Street. The Dow Jones industrial average plunged more than 1,000 points as a weeklong market swoon continued. (AP Photo/Koji Sasahara)
February 09, 2018 - 7:22 am
BEIJING (AP) — Global stock markets sank Friday after the Dow Jones industrials on Wall Street plummeted more than 1,000 points, deepening a week-long sell-off. Markets followed U.S. stocks lower after the Dow, coming off a record high, entered a "correction" — that is, a 10 percent decline from...
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A man walks by an electronic stock board of a securities firm in Tokyo, Friday, Feb. 9, 2018. Asian shares have opened lower and are tracking the overnight plunge on Wall Street. The Dow Jones industrial average plunged more than 1,000 points as a weeklong market swoon continued. (AP Photo/Koji Sasahara)
February 08, 2018 - 10:32 pm
BEIJING (AP) — China's stock market benchmark plunged 5.5 percent on Friday and other Asian markets were off sharply after the Dow Jones industrials on Wall Street plummeted more than 1,000 points, deepening a week-long sell-off. Asian markets followed Wall Street down after the Dow entered "...
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In this Tuesday, Feb. 6, 2018, photo, John Wall, 65, who semi-retired and keeps a part-time job with a rideshare app to help pay bills, talks about how he won’t be able to retire in St. Petersburg, Fla. He lost money in his investments during Monday’s dip in the stock market. (AP Photo/Tamera Lush)
February 07, 2018 - 3:40 am
NEW YORK (AP) — A plunge in stock prices always stings, but this recent one dug deeper because more Americans are participating in the market, particularly older ones. Slightly more than half of all U.S. families own stocks in some way, from workers who got automatically enrolled into their 401(k)...
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A television screen on the floor of the New York Stock Exchange headlines the stock index news at the close of trading, Monday, Feb. 5, 2018. The Dow Jones industrial average plunged more than 1,100 points Monday as stocks took their worst loss in six and a half years. (AP Photo/Richard Drew)
February 05, 2018 - 9:15 pm
NEW YORK (AP) — The long, smooth, record-setting ride on Wall Street is over. The stock market pullback that experts had been saying was long overdue has finally come. Investor fears about higher interest rates escalated into rapid, computer-generated selling Monday that wiped out all the market's...
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FILE - In this Monday, Jan. 22, 2018 file photo, a for sale sign is displayed in front of a home in Mount Lebanon, Pa. Economists are generally bullish in their outlooks for 2018: Most expect the new U.S. tax cuts, a sturdier global economy and a healthy job market to support consumer and business spending and a steady if modest pace of hiring. And many Americans appear confident enough to buy homes: Sales of existing houses reached their highest level in 11 years in 2017. (AP Photo/Gene J. Puskar, File)
February 05, 2018 - 1:20 pm
WASHINGTON (AP) — A wave of fear about inflation and higher interest rates has sent stock prices tumbling and raised concerns about corporate profits. Yet the rush of anxiety has obscured a fundamental fact about the U.S. economy: It's healthy. Nearly nine year into the expansion that followed the...
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February 05, 2018 - 10:35 am
NEW YORK (AP) — The future of Bon-Ton Stores, saddled with debt and faltering sales, looks tenuous after the department store chain filed for bankruptcy protection Sunday. Even as it plans to reduce it store foot print, jazz up its store label assortments and reduce its debt load, it still...
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