July Inflation Above Fed's Target
Friday August 31, 2007
Fed Chair Bernanke thinking hard about inflation Photo:Chip Somodevilla /Getty Images
The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) for July ... Read More
Q2 GDP Growth Revised Up Slightly
Thursday August 30, 2007
Bill Pugliano /Getty Images
The BEA reported that preliminary U.S. GDP growth for Q2 2007 was an astounding 4%. This was a revision upwards from ... Read More
Announcing New Employment Trends Report
Monday August 27, 2007
Tim Boyle /Getty Images
Want to find the latest Employment Report? To understand this important leading indicator, it helps to review how these statistics change ... Read More
States Bail Out Subprime Mortgage Borrowers
Friday August 24, 2007
Upon reading last Wednesday's post, Fed Bailout - Why, How and Will It Cost Me? a reader asked another good question:
Would an across-the-board refinance (See MSNBC, States to Help Subprime ... Read More
Will Subprime Mortgage Crisis Capsize Fannie Mae?
Thursday August 23, 2007
David McNew /Getty Images
Upon reading last Wednesday's post, Fed Bailout - Why, How and Will It Cost Me? a reader asks:
What percentage of the ... Read More
Is the Fed Bailout Similar to the Savings and Loan Crisis?
Monday August 20, 2007
After reading my blog last week about Fed Bailout - How, Why and Will It Cost Me?, a reader asked:
How is this different from the S&L scandal in the 80s ... Read More
Fed Bailout - Why, How and Will It Cost Me?
Wednesday August 15, 2007
A reader asks:
Why is the FRB pumping money into the big, black hole left by unscrupulous lenders
who handed out money to borrowers who would not be able to pay their ... Read More
Understanding the Subprime Mortgage Crisis
Monday August 13, 2007
David McNew /Getty Images
Over the past two weeks, U.S. and global stock markets have declined 4-5% thanks to the subprime mortgage crisis. (See Der ... Read More
Announcing New GDP Trends Report
Thursday August 9, 2007
Bill Pugliano /Getty Images
Want to find the latest trends in GDP? Confused between the BEA's Advance, Preliminary, and Final Report?
To understand the government's ... Read More
Unemployment Edges Up to 4.6%
Tuesday August 7, 2007
As I mentioned yesterday, the latest BLS jobs report says that the unemployment rate in July 2007 is 4.6%, higher than last month's rate of 4.5%, but lower than the ... Read More
Manufacturing Jobs Into 10-Month Slump
Monday August 6, 2007
Tim Boyle /Getty Images
In July, 92,000 new jobs were created, according to the employment report, released Friday by the Bureau of Labor Statistics (BLS). ... Read More
Consumer Confidence Hits Six-Year High
Thursday August 2, 2007
Americans' confidence in the economy rebounded in July, according to the Consumer Confidence Index released yesterday by the Conference Board. The Index now stands at 112.6, up from 103.9 in ... Read More
"Not With a Bang, But a Whimper"
Wednesday August 1, 2007
Bruno Vincent /Getty Images
In yesterday's blog, a reader made the following key points:
Our economy will not collapse as long as everyone keeps buying treasury ... Read More