The Obama Administration is having pretty much the worst week ever, but somewhere amidst the fog of scandal lies some pretty good news about the budget deficit, namely that the Congressional Budget Office (CBO) is predicting it will be much smaller in 2013 than was projected just a few months ago.
That’s right, the federal budget …
The previous upturn in housing prices faltered after a year, but all the signs suggest that the current home price recovery will be sustainable.
By trying to compensate for poor fiscal policies, the Fed is making it easier for the President and Congress to evade their responsibilities.
Does bad weather correlate with less drinking? Well, perhaps it does with certain kinds of drinking. Unseasonably cold weather in Brazil, Europe and the U.S. is being blamed as one of the reasons sales are down in early 2013 for …
In recent years, we have had no shortage of pundits, politicians, and writers telling us of the economic doom — soaring interest rates, slower economic growth, and choking credit markets — facing the U.S. government if it doesn’t reign in its debt. Since the financial crisis, however, the U.S. has consistently experienced low interest …
Wealthy Americans don’t really think that good times are here again for the economy. But they’re going on shopping sprees anyway, with increasing sales seen for luxury hotel stays, high-end automobiles, and more.
Gold and other commodities seem to be signaling that the U.S. economy is sluggish and will get weaker still.
Economic pundits are bemoaning the fact that first quarter GDP numbers released last Friday were weaker than expected – growth was 2.5% rather than the 3% that everyone had been expecting.
I actually took it as positive …
The world is worried about China, but not for the right reasons. Global financial markets were roiled after the world’s second largest economy notched only a 7.7% boost to GDP in the first quarter — a drool-worthy performance …
Like an aging rocker, Texas Governor Rick Perry is currently on the 2013 I’m Coming For Your Jobs tour across America. His first stop: California a couple months ago. This week he’s in Illinois, where he got a nasty reception from public officials. The trips are part of an effort to get businesses from highly taxed and heavily …
As if you needed reminding, the last dozen years have exposed the 401(k) as a deeply flawed primary retirement savings mechanism. A PBS special takes you through the gory details.
Instead of struggling to keep the euro zone together, default may be less painful in the long run for the people of overindebted countries
