Why Average Gas Prices Will Reach Two-Year Memorial Day High
Gasoline prices for Memorial Day will reach a two-year high, according to data from the AAA Fuel Gauge Report. It is not clear at all what, if anything, this will do ...Read Full Story »
Posts related to ‘Economy’
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Spending Will Trump Sequestration; Better Unemployment and GDP in 2013 and 2014
The message you need to send to Washington D.C. is that consumer spending is outshining the ill effects of the sequestration cuts. A new report from the National Association for ...Read Full Story »
Chicago Fed National Activity Feels Like Recession
The Chicago Federal Reserve has released its National Activity Index for the month of April. Unfortunately, the move was in the wrong direction. April saw the drop down to -0.53 ...Read Full Story »
EU Will Pursue Tax Cheats
European Union leaders will turn to one of the most crippling parts of the region's economies -- tax dodging. Given the size of the underground economies in Spain and Greece, ...Read Full Story »
Poverty Rates: The Suburban Life Loses Its Luster
The original concept behind the creation of the suburbs was that they were an oasis for the middle class, fairly far from the bustle of cities and away from the ...Read Full Story »
Bernanke Argues Innovation Could Salvage U.S. Economy
If innovation and inventiveness are the qualities which drive America to become the largest economy in the world, perhaps the same qualities will put the U.S. out of its multiyear ...Read Full Story »
State Unemployment Rates Post Little Change in April
The US Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for April. Compared with March data, unemployment rates fell in 40 states and the ...Read Full Story »
Consumer Sentiment Index, Leading Economic Indicators on the Upswing Again
Consumer sentiment as measured by the University of Michigan/Thomson Reuters index jumped from a weak 76.4 reading in April to a more robust 83.7 in May. Economists had expected a ...Read Full Story »
The American Family Runs out of Money
How much money does it take to live even modestly in the United States? Median household income runs about $51,000. In real terms, that is down 7% since the start ...Read Full Story »
Japan GDP Jumps 3.5%: Economic Miracle Resurrected?
The Japanese economic miracle, which died more than two decades ago, may be in the early stages of resurrection. First-quarter gross domestic product (GDP) rose 3.5%, a number that was ...Read Full Story »
No Inflation, but New York Fed Manufacturing Zone Enters Recession Levels
More economic data is out for the markets to chew on. The good news is that inflation appears to be remaining nonexistent. The bad news is that manufacturing in the ...Read Full Story »
German Recession May Have Already Started
The German Federal Statistics Bureau (Destatis) reported that the country's gross domestic product (GDP) barely grew in the first quarter. If the balance of the world's developed economies is any ...Read Full Story »
California Budget Progress Tops CBO U.S. Spending Improvement
The U.S. budget deficit as forecast by the Congressional Budget Office (CBO) may drop to $643 billion in fiscal 2013, which would be a substantial improvement from earlier predictions. However, ...Read Full Story »
EU Recession Worsens
Eurostat, the statistics arm of the European Commission, reported that, in the first quarter, the recession in Europe worsened, and there are absolutely no reason to think the situation will ...Read Full Story »
April Import and Export Prices Bring Bull-Bear Tug of War
Import and export prices were tame in the month of April. The Labor Department's reading of import and export prices showed that import prices rose by 0.5%, right in line ...Read Full Story »
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