If the U.S. can’t resolve its looming budget problems, the fallout could plunge the entire world economy into a chasm
U.S. economy
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Why the S&P 500 Is Defying Economic Reality
The markets hold many mysteries, and here’s a big one: Why the heck is the S&P 500, up 14% this year, behaving as though we’re living large when nearly every piece of real economic data is depressing?
Another Green Shoot: Millionaire Households Rising
Millionaire households in the U.S. are rising again, largely because the mass affluent stayed the course with their stocks during the downturn and are reaping the benefits of the market’s recovery. But frugality also played a big role.
Don’t Expect the American Consumer to Save the Economy Anytime Soon
This is hardly the message families want to hear right after the holidays, when budgets were stretched to the limit to afford parties and gifts and already-forgotten stocking stuffers, and credit cards were used way more than …
How the U.S. Can Avoid a Lost Decade
Today’s global problems could paralyze the U.S. economy and stock markets for the next 10 years – but that can be prevented.
Paul Krugman: An Alien Invasion Could Fix the Economy
According to the New York Times columnist and Nobel Prize laureate, you know what would end the economic slump in 18 months? Aliens.
What the S&P U.S. Credit Rating Downgrade Means
Ignore all the grumbling you will hear in the next few days about Standard & Poor’s. Yes, the ratings agency miscalled tens of billions of dollars of mortgage bonds leading up to the financial crisis. Yes, it’s an organization fraught with conflicts of interest, where debt issuers game the system to get the highest ratings. And yes, even …
The Falling Stock Market’s Evil Twin: The Falling Dollar
A sinking dollar may be great for parts of the U.S. economy but it sure is tough on certain investors and retirees. Here's how to deal with the fallout.
Could U.S. Manufacturing Slump Signal a Downward Slide?
Stocks are about 3.5% cheaper than they were a week ago, and for value-hungry investors, that number could go even lower this week once reality sets in.
Hard or Soft Landing for China? How About No Landing
The past few weeks in financial-land have been dominated by two combustible fears: 1.) that this time Greece really will default on its debts and plunge the Eurozone into chaos; and 2.) that this time China really will hit the …
What Recovery? The Five Myths About the Economy
This is not your father’s recovery. It might not even be a recovery at all. For more, read this week’s cover story by TIME’s assistant managing editor Rana Foroohar on the state of the economy.
