COLUMN: The economy is still a very sick patient

Publish date:
Social count:

The origins of the current economic crisis can be traced to a particular kind of social epidemic: a speculative bubble that generated pervasive optimism and complacency. That epidemic has run its course. But we are now living with the malaise it caused.

That’s according to Robert J. Shiller, a professor of economics and finance at Yale University and co-founder and chief economist of the financial technology company MacroMarkets, who wrote a recent column for The New York Times about the troubled U.S. economy.

Although Shiller focuses on the real estate market, he offers big-picture insight into what caused the Great Recession and why it won’t go away.

“The uptick in the unemployment rate, to 9.1 percent from 8.8 percent two months earlier, and the drop in stock prices over the last month have attracted notice, yet in a sense they are symptoms of a deeper economic sickness,” he writes.

Click here for Shiller’s column.


Connecticut spring show adds charity benefit

The Connecticut Spring Boat Show will be held Friday May 4 through Sunday, May 6, at Brewer Essex Island Marina in Essex, Conn., and this year will be the first time that admission fees will benefit the charity SailsUP4Cancer

AIM announces new hires

Catapult Creative Labs, the internal marketing communications agency of Active Interest Media, has hired Andrea Kupfer as vice president, account executive and Christina Erb LoVullo as creative services director. Kupfer will lead Catapult’s long-term sales growth and profitability and Erb LoVullo will oversee marketing and creative services.