The October jobs report came as a bit of surprise for analysts who were expecting the government shutdown to severely affect job growth, as the Labor Department announced the economy added a pretty robust 204,000 new jobs in …
Economics
Friday’s Jobs Report Will Be a Real Bummer
The question is, what does that mean for the markets and Fed stimulus?
Foroohar: Housing Will Not Save the Economy
When it comes to the U.S. economic recovery, the conventional wisdom is that it’s all about housing. That’s where the majority of Americans keep the majority of their wealth. It’s 15% of the economy and has been driving …
Nobel-Prize Winner Lars Peter Hansen on How Economics Has Helped You
The media coverage of this year’s Nobel Prize in economics was dominated by the concept of the “efficient market hypothesis,” which is narrowly defined as the idea that markets will quickly assimilate all public information about …
Foroohar: Washington Dysfunction Is Hurting GDP Growth
It’s also cost the country an additional 2 million jobs
What the Nobel Prize Says About Our Economy
There’s an old joke about the economics profession that says that it’s the only field where two people can win the Nobel Prize for saying the exact opposite thing. On Monday the joke was seemingly proven true when the Royal …
Money Talking: Crisis Could Weaken the Almighty Dollar
The U.S. dollar is the world’s reserve currency of choice. It’s the currency that most of the planet’s business is conducted in, and it’s what most nations hold in their central banks, in addition to national currencies, …
Market Watchers Are Cheering the Yellen Nomination (Mostly)
Today at 3 PM, President Obama officially announced his decision to nominate Janet Yellen to be the 15th Federal Reserve Chair. If she is confirmed, she will be the first woman in the role. Wall Street is growing increasingly …
When Will U.S. Actually Run Out of Time on the Debt Ceiling?
Nobody knows for sure. But here are some best guesses
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