China Calls for New Global Currency
Tuesday June 30, 2009
China insists on using its growing economic clout to replace the dollar a new global currency. China is right to be alarmed at the dollar's drop in value, down 11% ... Read More
SEC Making Money Market Funds Safer
Monday June 29, 2009
Financial District (Credit: Mario Tama /Getty Images)
The Securities and Exchange Commission (SEC) has increased regulations on money market funds. The agency seeks to require money market ... Read More
Economic Slump Worst Since Depression
Thursday June 25, 2009
Bill Pugliano /Getty Images
The BEA final report revised the U.S. GDP growth rate for Q1 2009 to -5.5%. This is better than the 5.7% decline reported ... Read More
Durable Goods Not Really Improving
Wednesday June 24, 2009
Matt Cardy/Getty Images
The Durable Goods Orders Report for May shows that, while orders are up compared to last month, they are down more than ... Read More
Understanding the Foreclosure Process
Tuesday June 23, 2009
(Credit: Justin Sullivan/Getty Images)
A reader asks:
What actually happens in a foreclosure?
After about three months of missed payments, the foreclosure department will send ... Read More
Will Dollar Decline Continue?
Sunday June 21, 2009
(Credit: Getty Images)
Many readers are concerned about the value of the dollar, which has declined 11% since March. Those who live overseas, including military ... Read More
Food and Medical Costs Rising Despite "Deflation" Report
Thursday June 18, 2009
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The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) for May was down 1.3% from the ... Read More
Credit Card Debt Plummets 11%
Wednesday June 17, 2009
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In April, the amount of Americans' credit card debt plummeted 11%, after an 11.2% decline in March and an unprecedented ... Read More
Obama $8,000 Credit Boosting Home Sales
Monday June 15, 2009
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Low interest rates, low home prices and Obama's $8,000 tax credit for first-time home buyers are stimulating the housing market. ... Read More
Durable Goods Still in Slump
Thursday June 11, 2009
Matt Cardy/Getty Images
The Durable Goods Orders Report shows that manufacturers continue to struggle due to the recession. The Census Bureau reported that business orders ... Read More
GDP Decline "Only" 5.7% for First Quarter 2009
Wednesday June 10, 2009
Bill Pugliano /Getty Images
The BEA preliminary report revised the U.S. GDP growth rate for Q1 2009 to -5.7%. This is better than the 6.1% ... Read More
Unemployment More Than 9%
Monday June 8, 2009
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Over 787,000 workers became unemployed in May, bringing the total count to 14.5 million and the unemployment rate to ... Read More
Could Stagflation Reoccur?
Wednesday June 3, 2009
A reader asks:
Can you write a bit about Stagflation? It seems inevitable.
Stagflation is when the economy experiences slow GDP growth (stagnation) with high inflation. The term was coined in ... Read More
When the Dollar Declines, Should You Buy Gold?
Monday June 1, 2009
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As the dollar declines, readers wonder now is a good time to buy gold. Many investors think of gold as a ... Read More