Obama Economists Expect 8.2% Unemployment In 2012
The new “Economic Report of the President” prepared by the Council of Economic Advisers shows that The White House has a more grim picture of the unemployment situation than may be evident from its…
Economy
All Economy Articles
Newest first · Page 374Three Thousand Banks Face Commercial Real Estate Risk
A new report from the Congressional Oversight Panel which tracks the progress of the TARP program projects that commercial real estate losses threaten nearly 3,000 mid-sized and small banks and may severely compromise their…
Brother Can You Spare A Dime: Open Jobs Plummet
Unemployment may have dropped below 10% last month, but the number only looks good in a vacuum. The Bureau of Labor Statistics, the bearer of much of the federal government’s bad news over the…
Greenspan Warns On Recovery
Alan Greenspan, 84 years old, and still defending his role as chairman of the Fed from 1987 to 2006, made a case for his relevance once again. Greenspan told “Meet The Press” that “if stock…
Geithner, Soothsayer, Says US Will Never Lose Aaa Rating
Treasury Secretary Tim Geithner, looking toward a future he cannot predict, said the US would not lose its Aaa rating. He told ABC’s “This Week”, when ask if the rating will ever be dropped…
US Recession Job Loss May Have Been Undercounted By 824,000
In a blow that could come down on the Obama administration and U.S. economy like Thor’s Hammer, the US may have lost 824,000 more jobs than the government said it did between April 2008 and March…
Challenger Gray Layoffs Dominated By Ten Firms (VZ)(WMT)(M)(XRX)(LMT)
Challenger, Gray & Christmas announced that layoffs disclosed by major US firms last month hit 71,482 in January up from 49,094 in December. Downsizing at ten companies made up a third of the total:
Federal Reserve Survey: Consumers Don’t Want A Loan
Today the Federal Reserve released its survey of senior loan officers covering the fourth quarter of 2009. The survey covered delinquency rates on commercial and industrial loans made to both small and large firms.…
College Endowments Plunged In 2009
The National Association of College and University Business Officers reports that college endowments lost a substantial part of their value in 2009. A Wall Street Journal analysis of the report says that “American colleges and…
FOMC: Free Money Policy Remains… 1 Dissenting Vote
The Federal Open Market Committee has just kept rates steady at the ongoing 0.00% to 0.25% rate target. The vote today was 9-1 rather than unanimous, with KC’s Hoenig being the dissenting vote. The…
Signs Of The Apocalypse: The 182 Page CBO 2010 Deficit Analysis
A review of the Congressional Budget Office forecast of the 2010 to 2020 fiscal P&L and balance sheets for the US government leaves the impression that the government is caught in a financial vice from…
Defense Spending And The Federal Deficit
The Administration will propose a three-year freeze on domestic spending programs that make up 17% of the federal budget. The White House estimate of the benefits is $250 billion over the period through 2020.…
Clinton Gathering Trumps Davos
The World Economic Forum at Davos has lost its cache of a few years. It was hurt badly by the recession. CEOs were reluctant to be seen flying their private jets to Switzerland to rub shoulders…
Signs Of The Apocalypse: The Return Of The Layoff
Layoffs in unrelated industries, even when close together in time, are just that—unrelated. That is until they begin to grow rapidly in number. Three of America’s largest firm announced firings or signaled them during…
China GDP Up 10.7%, Perhaps The US Could, Too
China’s GDP grew 10.7% in the fourth quarter, a figure that the economies in Japan, the US, and Europe will never see again. Or will they? The US GDP grew more than 7% after…