U.S. Economic Growth Revised Up
Thursday March 29, 2007
Last year, the U.S. economy grew faster than preliminary estimates indicated, thanks to slightly more exports and domestic spending. The Bureau of Economic Analysis (BEA) reported that the 4th Quarter ... Read More
What Was the LTCM Hedge Fund Crisis and Could It Happen Again?
Wednesday March 21, 2007
The recent subprime mortgage meltdown, and its potential impact on hedge funds, have caused many commentators to wonder if another shock such as the LTCM hedge fund crisis could occur. ... Read More
Could the U.S. Have Another Great Depression?
Monday March 19, 2007
The recent stock market declines reminds many people of the stock market crash and subsequent Great Depression of 1929. What caused that crash and, more importantly, could it happen again?
According ... Read More
U.S. Current Account Deficit Hits Record $856 Billion in 2006
Thursday March 15, 2007
The U.S. Bureau of Economic Analysis reported yesterday that the nation's current account deficit reached a new level of $856 billion, which is 6.5% of GDP. The 2006 deficit is ... Read More
Could Hedge Fund Housing Losses Cause Economic Slump?
Wednesday March 14, 2007
The decline of the U.S. housing market has now spread to the subprime mortgage market. Many homeowners who couldn't afford conventional mortgages took interest-only loans which provided lower monthly payments. ... Read More
Stock Market Rebounds -- Does That Mean U.S. Economy is OK?
Tuesday March 6, 2007
Today stock markets rebounded after suffering last week from the worst losses in years:
Dow Jones Industrial Average - up 157 points (1.3%), after dropping more than 600 points from its ... Read More
Fed’s Bernanke, Poole Counter ex-Fed Chair Greenspan’s Warning of Recession
Monday March 5, 2007
On Friday, Federal Reserve Bank of St. Louis President William Poole said that the U.S. economy is forecast to grow 3% in 2007. A recession is when two consecutive quarters ... Read More