Yesterday, the Federal Reserve released the minutes of the April FOMC meeting, and the stock market set new records in response. The Fed minutes acknowledged that the recent economic ... Read More

A reader took exception to my recent article where I said the Great Depression of 1929 could not happen again. He noted that the government has allowed the stage to ... Read More

Shell Oil has announced they may halt plans to build the largest refinery in the U.S. because of President George W. Bush's goal to reduce gasoline use 20% by 2017. ... Read More

Like crocuses in the spring, this month's Durable Goods Orders Report provides a signal of hope. Today, the Commerce Department reported that business orders for machinery, computer equipment, and the ... Read More

The (EIA) reports that gasoline prices hit a new all-time record last week, increasing 11.5 cents to $3.21 per gallon. National average prices are 32.6 cents per gallon higher than ... Read More

After last Wednesday's inflation report, I got to thinking "With record high prices for gas and other commodities, why isn't inflation worse?" And then it hit me...of course, China! China has been ... Read More

In a report released today, 48 economists polled by the National Association of Business Economics (NABE) said that the economy would remain sluggish through 2007, thanks to the downturn in ... Read More

The National Association of Realtors (NAR) reported that the Pending Home Sales Index showed that home sales contracts signed in March are down 10.5% from last year. This continues ... Read More

Gasoline prices hit an all-time high of $3.10 as of May 14, 2007, increasing 10.2 cents to $2.97 per gallon. National average prices are 15.6 cents per gallon higher than ... Read More

The Bureau of Labor Statistics (BLS) reported yesterday that the Consumer Price Index (CPI) for April 2007 was 2.6% higher than April 2006. The core CPI, which excludes food and ... Read More

The latest retirement survey from the Employee Benefit Research Institute (EBRI) reported that over half of workers plan to retire at age 65 or later. This is not because ... Read More

The nonpartisan Employee Benefit Research Institute (EBRI) reported that 60% of all workers have underestimated how much they need to retire. This comes as no surprise, since only 43% have ... Read More

On May 7, 2007, the Federal Reserve released the G-19 Consumer Credit report for March, 2007. It stated that revolving credit (like credit card debt) was 7.6% higher than ... Read More

As I mentioned yesterday, the latest BLS jobs report says thta the unemployment rate in April 2007 is 4.5%, better than the rate of 4.7% in April of last year. Or ... Read More

Tim Boyle /Getty Images In April, 88,000 new jobs were created, according to the employment report, released today by the Bureau of Labor Statistics (BLS). ... Read More

Gasoline prices rose sharply for the week of April 30, 2007, increasing 10.2 cents to $2.97 per gallon. National average prices are 5.2 cents per gallon higher than at this ... Read More

What are the financial markets? If you are confused, there is a good reason. That’s because financial markets go by many terms, including capital markets, Wall Street, even "the markets." ... Read More

I realized that I got so caught up in my blog yesterday about the similarity between 2000 and now that I neglected to explain the relevance of the low GDP ... Read More