Two are simple enough. The third one? Not so much
Economy
Money Talking: The First Economic Victim of the Shutdown
Aside from the furloughed federal workers, the housing recovery may be the first economic victim of the government shutdown. Over the last two years, housing has gone from being a headwind to a major boon to U.S. economic growth. …
How Badly Will the Shutdown Hurt the U.S. Economy?
It’ll hurt. But the debt ceiling could be the real disaster
Foroohar: The Government Is Down, So Why Aren’t Stocks?
Why Wall Street isn’t panicking—yet
Foroohar: The Fed Is Making the Two Americas Problem Worse
The Federal Reserve Bank isn’t supposed to be political. But, of course, it is. Just look at the recent decision to delay “tapering,” or scaling back the $85 billion a month asset buying spree that the bank has been on for …
Wall Street’s Worst Computer Glitches
Post updated on September 20th at 2:00pm.
A computer glitch at the Treasury Market blocked Goldman Sachs from bidding on part of $30 billion worth of 3-month, U.S. government debt, reports The Wall Street Journal.
Jobless Claims Up Slightly, But Backlog May Be Hiding Improvements
The number of Americans applying for initial jobless benefits increased less than expected last week, offering an encouraging if still muddled sign that gradual growth in employment is continuing, Bloomberg News reports.
The slight uptick in claims was likely made worse by a backlog of applications in California and Nevada, which both …
Fed Will Not Reduce Stimulus, Waiting for “More Evidence” of Recovery
In one of the most anticipated announcements in months, the Federal Reserve’s Federal Open Market Committee declared that it would maintain its policy of buying $85 billion in government debt and mortgage backed securities per month, despite expectations that it would begin to taper these purchases in response to an improving …
Foroohar: Turn Off the Money Spigot
Markets cheer end of Larry Summers, but a slowdown could be around the corner
Voters Won’t Like It, but We Have to Bring Back Free Trade
Persistent joblessness and tepid growth are persuading policymakers to lower the barriers once again
Automakers Don’t Have Enough Cars to Keep Up with Buyers
Car dealerships sold a ton of new vehicles last month, but they could have moved even more—if only they had more cars on hand to sell.
Jobless Claims Fell (Yeah) But It May Just Be a Computer Glitch (Boo)
Progress not as dramatic as initially thought