Category: Economy

This One Chart Shows Why We Shouldn’t Fear Another Real Estate Meltdown

This One Chart Shows Why We Shouldn’t Fear Another Real Estate Meltdown

The Housing market had a great year in 2013, with the last reading of the Case-Shiller housing index showing a more than 13% appreciation of home prices year-over-year. The rapid ascent in prices however,...

Minimum Wage to Rise in 13 States in 2014

Minimum Wage to Rise in 13 States in 2014

New Year’s Day will bring good tidings indeed for the roughly 2.5 million low-income American workers who will see their hourly pay climb when 13 states increase the minimum wage on Jan 1. New Jersey residents...

Minimum Wage to Rise in 13 States in 2014

Minimum Wage to Rise in 13 States in 2014

New Year’s Day will bring good tidings indeed for the roughly 2.5 million low-income American workers who will see their hourly pay climb when 13 states increase the minimum wage on Jan 1. New Jersey residents...

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...