We’ve just begun coming to grips with the Wimpy Recovery. Are we actually in for another recession? That was the implication of a couple of economic reports I read this week, including one by ITG Investment Research, which tracked how the pace of this recovery (which was never great to begin with) has by some measures been slowing, most particularly among middle income consumers and industries producing for overseas markets.
Stocks, they are a’ tumbling…again. Asian markets plummeted overnight, after the Dow Jones Industrial Average closed down 3.7% Thursday. The question on everyone’s mind: is this really the start of a new recession, or is the market oversold? The fact is, even the world’s savviest investors don’t seem to know how to play the latest [...]
This global equity snapshot by Bloomberg’s Michael McDonough is a great way to step back from all the crazy market gyrations and give your stomach a break (hat tip Felix Salmon). I’m not saying the daily churn is going away (in fact, I think just the opposite). But in the grand scheme of things, our [...]
In the past few weeks, with a growing number of bad economic reports – including last month’s disappointing jobs number – there has been increasing talk of the possibility of a so-called double-dip recession. That’s when the economy slips back into a recession while still trying to recover from the last one. Indeed, Ben Bernanke’s [...]
A slew of economic indicators out this week has ratcheted up fears of a double dip recession. Many think Friday’s jobs’ report could be the death knell of the U.S. recovery. But there’s a silver lining to the disappointing stats on housing, jobs, and manufacturing: No matter how bad it gets, the dollar will probably [...]
We all knew housing would sputter after the expiration of the federal home buyers’ tax credit. Of course, we also all hoped that the economy would be on steadier footing by then, and would itself provide some stability to the housing market. Well, unemployment is coming down—it’s now at 9.5%, compared to 10% in December—but [...]
