If it Quacks Like a Recession...
Thursday May 29, 2008
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The BEA reported that the preliminary U.S. GDP growth for Q1 2008 is revised slightly up .9%, higher than its Advance ... Read More
April Durable Goods Orders Down 2% From Last Year
Wednesday May 28, 2008
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The April Durable Goods Orders Report shows that manufacturers are continuing to lose confidence in the economy. The Census Bureau reported that ... Read More
Finally, Someone Is Addressing the True Cause of High Gas Prices
Tuesday May 27, 2008
Senator Joe Lieberman, chairman of the Senate Homeland Security and Government Affairs Committee, said last Tuesday he is considering legislation to place limits on large institutional investors in commodities markets. ... Read More
Will the Leading Presidential Candidates Stop High Gas Prices?
Thursday May 22, 2008
Recently, leading Republican Presidential Candidate John McCain has echoed the proposal made by Hillary Clinton and Ron Paul to suspend the 18.4 cents per gallon Federal gasoline tax this summer ... Read More
Subprime Bailout Close to $1 Trillion
Tuesday May 20, 2008
On Monday, the Federal Reserve pumped another $75 billion into the financial markets through its Term Auction Facility. The TAF provides 28-day loans to banks who may not want ... Read More
How Bad Is the Economy, Really?
Monday May 19, 2008
A reader asks:
In our eyes the economy is in a shambles and we are extremely worried about losing everything we have. I feel that another great depression is just down ... Read More
April Inflation at 3.9% Thanks to 16% Increase in Energy Costs
Thursday May 15, 2008
Yesterday, the Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) for April 2008 was 3.9% higher than April 2007. Inflation is being driven by a 15.9% ... Read More
Would a Boycott Reduce Gas Prices?
Wednesday May 14, 2008
A reader writes:
I was always taught that competition is the best way to influence prices. That being said would it make sense to boycott one or more gas companies in ... Read More
Fed Pumps Another $75 Billion into Financial Markets
Tuesday May 13, 2008
Last week, the Federal Reserve pumped $75 billion into the financial markets through its Term Auction Facility, which provides 28-day loans to banks who may not want other banks ... Read More
What Is Really Driving Up the Price of Oil?
Thursday May 8, 2008
Crude oil prices have increased 25% in the last three months. According to most news sources, this is a result of surging demand from China and India, and a ... Read More
March Consumer Credit Rebounds
Thursday May 8, 2008
Credit card debt rebounded in March, with consumers charging $957 billion, or 7.95% more than the prior month. The rebound is due to high oil and food prices, which consumers ... Read More
The End of the Declining Dollar?
Tuesday May 6, 2008
It appears that the dollar may have ended its six-year cycle of decline. On April 22, it hit bottom when the euro reached its high of $1.60, and is back ... Read More
April Y-O-Y Employment Shows Economy Slowing Further
Friday May 2, 2008
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In April, the economy lost 20,000 jobs, according to the Employment Report released by the Bureau of Labor Statistics (BLS). ... Read More
Fed Action May Signal End of Downturn
Thursday May 1, 2008
Federal Reserve Chairman Ben Bernanke Photo:Chip Somodevilla /Getty Images
Six weeks after the Federal Reserve Board held its emergency weekend meeting, the FOMC signaled a ... Read More