We’ve been hearing that interest rates are “historically low” for some time now. But how historic are we talking? Even Thomas Jefferson would have been surprised to see the most respected debt issuer in the world paying just …
Economic Indicators
The Bleak Unemployment Report: Is Europe to Blame?
For the first time in almost a year, the unemployment rate rose to 8.2% in May as the economic recovery appeared to not only slow but almost completely stall. And it gets worse.
Why Everyone’s Trying to Measure Well-Being
It’s mid-afternoon, and I’m sharing a long lunch with a colleague at a sidewalk café in Paris. There’s a basket of fresh-baked bread on our table and a parade of well-dressed shoppers passing by. At the next table, three …
Does Facebook’s Floundering IPO Signal a Market Top?
Facebook’s wretched stock performance over the past two weeks may reflect more than just a poorly managed initial public offering
What You Need to Know About April’s Jobs Numbers
Any way you cut it, the Labor Department’s announcement that the U.S. economy added just 115,000 jobs in April is a disappointment. Economists had been expecting 160,000 new jobs, and even that number is far below the kind of …