Bernanke: No Jobs, No Recovery
“Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established.” Federal Reserve Chairman Ben Bernanke, February 9, Before the Committee on the Budget, U.S. House…
Economy
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Newest first · Page 360A Case For Immodest GDP Growth
All in all, then, I expect noticeably stronger growth in overall activity this year than last. If I had to write down a forecast today, it would be pretty close to 4 percent. A…
Q4 GDP Lacks Major Recovery
The Commerce Department has released the fourth quarter of 2010 figures for Gross Domestic Product, or Gross National Product as it used to be called. GDP came in on a headline figure at +3.2%…
The Financial Plight Of The Jobless Worsens
It seems logical that the longer that people are unemployed the worse their financial situations become. Some people are out of money within a few weeks of losing a job because they had no…
American Concern About Jobs Unabated
Americans still do not believe that they can find jobs. The news should not be surprising in an environment in which large companies still cut hundreds if not thousands of people at a time,…
Some In Congress Still Stay With $100 Billion Savings Plan
The new ‘‘Spending Reduction Act of 2011’” bill will be introduced to the House of Representatives shortly. It is a plan “To reduce Federal spending by $2.5 trillion through fiscal year 2021.” The results of…
Time To Drop Earnings Estimates For 2011
Delta Airlines (NYSE: DAL) said that an increase in the cost it must pay for fuel could hurt its earnings for the balance of the year. The International Air Transport Association, which constantly revises…
Three Million Jobs Created By The Fed, But No One Can Find Them
Federal Research Vice Chair Janet L. Yellen, speaking at the The Brimmer Policy Forum, Allied Social Science Associations Annual Meeting, argued that asset purchases by the central bank in 2008, 2009, 2010, and extending…
The Perils Of Ignoring Inflation
The Federal Reserve says it has inflation under control. More and more economic data says that is not true. Wheat, copper, and gold prices are at or near all-time highs. The head of huge…
The Nine Problems That Could Derail The Recovery in 2011
Lost in the optimistic talk about the economic recovery around the world are the things that brought the recession on and the new challenges which may appear next year. The US stock market is…
Lackluster Economic Data Ahead of The Holiday
We have just seen a very mixed bag of economic data this morning ahead of the holiday. While nothing is atrocious, none of it is exactly showing a gangbuster economy. Other data is different,…
Weather: The Economy’s Worst Enemy
The UK has recently been hit by record low temperatures. Most of its large airports are closed. The wintry weather has also moved to other parts of northern Europe. Some people will not get…
How Leading Are Leading Economic Indicators?
This morning’s report from the Conference Board showed that the index of leading economic indicators in the United States rose in November by what appears to be the most in eight months and marks…
Early Indications Show Rise In December Unemployment
Unemployment in December may have worsened. The federal government posted joblessness data for November which disappointed most analysts and politicians. These are people who have supported platforms which they believe will help create employment.…
Small Business Optimism Growing Glacially
The nation’s small and independent businesses are reporting gains in the economic environment, but the gains are barely discernible. The National Federation of Independent Businesses (NFIB) reported that its confidence index rose to 93.2,…