Eurozone shmurozone. Tired of the constant stream of bad news coming out of Europe? You’re not the only one. Even the investing gurus are starting to yawn at the apocalyptic headlines about debt-riddled Portugal and Greece. If the global economy were going to blow because of the debt problems boiling over in Greece, shouldn’t it [...]
Forget gold futures. For many economists, small business lending is the safest gauge of the economic recovery’s strength. Too bad it’s headed in the wrong direction.
Did you know that the U.S. still stations nearly 50,000 troops in Japan? That’s pretty amazing when you think about it. The war in the Pacific ended 66 years ago, and there hasn’t been a conflict in Northeast Asia since the Korean War of the early 1950s, but America still maintains a hefty military presence [...]
Is Congressman Ron Paul our savior? The Republican, and libertarian, who is running for President, again, in the past few days has been floating a plan that has the potential to end the debt ceiling standoff, for now, and eliminate the growing possibility that the U.S. government could have to default on its debt, which [...]
As another giddy corporate earnings season approaches, it’s worth keeping this in mind: Since World War II, there’s never been a worse recovery for jobs and worker pay. And never a better one for corporate profits. Those are the findings of a new study out from Northeastern University, which looks at where U.S. national growth [...]
Rich country, rising unemployment, sluggish growth, big debts. Sound familiar? Japan’s notorious “lost decade,” the long stretch of economic stagnation that followed its massive property bubble in the late 1980s, looms large in the American mindset today. A lot of people think we may be headed down the same path. The parallels between what happened [...]
And you thought the economy was headed for a double dip. On Friday, the Institute for Supply Management (ISM) reported that its gauge of manufacturing activity rose in June to 55.3. That was slightly higher than economists expected. Stocks shot up on the news, capping off a week where the Dow Jones industrial average is [...]
Federal Reserve’s Ben Bernanke (Reuters) At the end of the day, the Federal Reserve’s program to purchase $600 billion of medium term bonds, which has been dubbed QE2 – because it was the Fed’s second round of trying to lower interest rates by buying bonds, which in economic terms is called quantitative easing – did [...]
