The Dow just hit a new high, but GDP suddenly drops to a new low - no, its not today, its March of 2000, right before we entered the ... Read More

While the business press and the stock market celebrated a positive Durable Goods Orders Report yesterday, I'm not breaking out the bubbly yet. On Wednesday, the Commerce Department reported that ... Read More

Today, the Federal Reserve reported "moderate" growth in the U.S. economy for March/April, as released in its Beige Book summary. In Fed-speak, moderate growth means that: Only three of the ... Read More

The U.S. has finalized an agreement with Japan to build the first new nuclear reactor in the U.S. in 30 years. The Japanese-U.S. Joint Nuclear Energy Action Plan will allow ... Read More

According to Randall Forsyth in Barron's, state and municipal pensions funds face a $1 trillion unfunded liability. Even worse, they face an additional $1.5 trillion in potential retirees' health care ... Read More

Yesterday, the Dow closed at a new high above 12,800. But if you were an investor from Canada or Europe, then it might not feel like a new high. Why? Because ... Read More

When you hear the above headline, do you ever wonder what it really means? At first, you might feel relief, and think "Good, now maybe I can retire early" (or ... Read More

Fannie Mae and Freddie Mac are just two of the government entities that have committed to helping subprime mortgage holders keep their home. Fannie Mae is developing a new effort ... Read More

The National Association of Realtors (NAR) admitted that the subprime mortgage mess will continue to depress the home resale market through the rest of this year. This is based on ... Read More

Average retail gasoline prices are at $2.80 a gallon, about $.12 higher than at this time last year, according to this week's report from the Energy Information Administration (EIA). Gas ... Read More

Today, the Federal Reserve released the minutes of the March FOMC meeting, and the stock market dropped 90 points in disapproval. The recent economic indicators of slow growth have ... Read More

Let's start with the good news -- in March, there were 180,000 more jobs than in February, according to the employment report, released today by the Bureau of Labor Statistics ... Read More