Call it the Cards Championship Effect: Historically, when the St. Louis Cardinals win the World Series, the stock market tends to go through the roof the following year.
Economic Indicators
Foroohar: Washington Dysfunction Is Hurting GDP Growth
It’s also cost the country an additional 2 million jobs
Foroohar: The Debt Ceiling Crisis Is Threatening Your Quality of Life
The budget and debt ceiling fights in Washington often seem to take place in a hermetically sealed bubble. Or maybe on some faraway planet “Beltway,” where there’s definitely less oxygen in the atmosphere. But it’s important …
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
U.S. Household Wealth Hits a Historic High of $74.8 Trillion
But don’t light up that cigar just 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 …
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 …
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
America’s Productivity Problem
Would you like a raise? How about more vacation? Of course you would. If you’re anything like me, one of your main motivations each day at the office is the prospect of advancing, making more money, or even earning more time off …