Economy
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The Federal Reserve combined an optimistic view of the economy with a set of decisions to leave most of the…
The report for May’s Durable Goods came in better than expected at +1.8%, and that is still up at +1.1%…
It is normal for businesses to hire people back after a recession. The improvement in employment usually lags GDP recovery,…
The brief moment of hope that housing had hit a bottom and that both the rate of home sales and…
S&P says it does not like the huge rise in US government indebtedness. But, it clearly thinks the Treasury can…
The United States needs to find ways to cut its trade gap by raising exports. Rising exports tend to mean…
The Mortgage Bankers Association Weekly Mortgage Applications Survey for last week is grim reading. Interest rates in the US are…
Industrial production and capacity utilization did come in right where economists were expecting, but the level at which these numbers…
Wholesale inflation measured by producer prices for the month of May is out, and the fears of inflation are not…
New York City is choked with more than eight million people, many of whom have to drive to work on…
Toyota (TM) and Nissan, two of the most successful car companies in the world, are hiring temporary workers in Europe…
The theory about how the government can hold down interest rates is simple and naive. The Treasury will raise hundreds…
The New York Fed’s Empire manufacturing data came in a bit weaker than expected. Business conditions for the month of…
After several weeks of conviction on the part of most economists that the current recession is a “single” dip which…
The financial ministers of the G8 nations spent the better part of three days and weeks of preparation to reach…
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