Category: Economy

Americans Still Pessimistic About Economy

Americans Still Pessimistic About Economy

Never mind a stock market breaking records and an unemployment rate inching down: Americans still think this economy stinks. That’s according to a new CNN poll out Friday, which found almost 70 percent of...

Economy Grew At Brisk Pace In Third Quarter

Economy Grew At Brisk Pace In Third Quarter

The economy grew a healthy 4.1 percent from July through September of this year, the fastest rate of growth in two years, according to government data released Friday. The Commerce Department announced it had...

Finally, Americans Are Spending More—Exactly What the Economy Needs

Finally, Americans Are Spending More—Exactly What the Economy Needs

Will economic growth equal wage growth? That’s the biggest economic question of 2014. Like everyone, I was uplifted by today’s news that third quarter GDP figures were revised upward from 3.6 percent to a whopping...

What Recovery? The Average Family Is Still Poorer Than it Was Seven Year Ago

What Recovery? The Average Family Is Still Poorer Than it Was Seven Year Ago

Here’s a statistic that illustrates just how bad the recession was: Despite U.S. households gaining $21 trillion in household wealth since 2009, the average family is still poorer than it was in 2007. That’s right, according to...

‘After Christmas’ Sales Arrive Extra Early This Year — Like Now, Basically

‘After Christmas’ Sales Arrive Extra Early This Year — Like Now, Basically

Calendar be damned, retailers are sure to roll out “after Christmas” sales this year by Dec. 23, if not sooner. Though we’ve still got one big final shopping weekend ahead of us before Christmas,...

Tapering Is the Right Decision for Federal Reserve

Tapering Is the Right Decision for Federal Reserve

The most important market shift in the past five years has begun. Contrary to expectations, the Fed announced on Wednesday that it would begin tapering its $85 billion-a-month asset-buying program, a money dump that...

Decision Time for the Federal Reserve

Decision Time for the Federal Reserve

The Federal Reserve commenced its final meeting Open Market Committe of the year Tuesday morning, and after a couple of relatively strong jobs reports, market watchers are wondering whether this is the week in...

Oh God No! Bread, Beef and Other Foods That Will Cost Way More Next Year

Oh God No! Bread, Beef and Other Foods That Will Cost Way More Next Year

Got milk? You probably will next year — reports of $8-a-gallon milk are overblown, but there are some food items that will have you digging deeper in your pockets next year.  Beef: Where’s the...

Will 2014 Finally, Really, Truly Bring an End to the Financial Crisis?

Will 2014 Finally, Really, Truly Bring an End to the Financial Crisis?

Yes, it’s that time of year again. Opening presents under the Christmas tree. Battling crowds at the shopping malls. Making New Year’s resolutions we have no intention of keeping. And asking what has become...

The Global Economy Is About to Pop!

The Global Economy Is About to Pop!

Faster economic growth is just around the corner. At least that’s what economists from such august institutions Goldman Sachs Group Inc., Deutsche Bank and Morgan Stanley would have you believe. According to Bloomberg News these economists expect...