Fed Bailout Looking More Like Savings and Loan Crisis
Friday December 28, 2007
A reader asks:
The end of the year has come and where are we and again how is this different from the S&L scandal except for the amount?
The Savings and Loan ... Read More
Durable Goods Orders Forecast Weak Economy
Thursday December 27, 2007
Matt Cardy/Getty Images
Despite a brief uptick in July and August, this year's trend in the Durable Goods Orders Report shows weakness in the ... Read More
Fed Auctions $40 Billion in Loans to Rescue Banks
Friday December 21, 2007
Over the past week, the Federal Reserve has auctioned $40 billion in short-term credit to bail out banks who cannot get these loans from other banks. The banks that are ... Read More
Final GDP Remains at a (Still Astounding) 4.9%
Thursday December 20, 2007
Bill Pugliano /Getty Images
The BEA reported that the final U.S. GDP growth for Q3 2007 was a (still) astounding 4.9%. This revision was at ... Read More
What Is LIBOR, Why It Is High, and How It Affects You
Wednesday December 19, 2007
A reader asks:
Having read an article yesterday in the New York Times about the LIBOR rate
running counter to most central banks' rates, I am wondering if the LIBOR rate
remains the ... Read More
November Inflation at 4.3% -- How This Affects You
Monday December 17, 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 November ... Read More
How Can You Compare GDP Between Countries?
Thursday December 13, 2007
A reader asks:
Would you please give an explanation of comparison between GDP related to
PPP(purchasing power parity) and GDP related to OER (official exchange rate). Which
one is the most accurate measure ... Read More
Fed Funds Rate Lowered to 4.25% -- What Does It Mean?
Tuesday December 11, 2007
Federal Reserve Chairman Ben Bernanke pondering his next move Photo:Chip Somodevilla /Getty Images
Today, the FOMC lowered the Fed Funds rate 1/4 point to 4.25%, ... Read More
November Employment Worsens
Sunday December 9, 2007
Tim Boyle /Getty Images
In November, 94,000 jobs were added to the overall economy, according to the Employment Report, released by the Bureau of Labor ... Read More
Durable Goods Orders Forecast Slowing Economy
Monday December 3, 2007
Matt Cardy/Getty Images
Despite a brief uptick in July and August, this month's Durable Goods Orders Report shows weakness in the U.S. economy. The Bureau ... Read More
Is GDP Overstated While Inflation Is Understated?
Sunday December 2, 2007
A reader asks:
You wrote that inflation is taken out of the calculation for GDP. Please provide more detail. Specifically, if non-durable goods are counted as production, but food and fuel ... Read More