The Octogenarian Workforce
Pulte Homes, the largest builder of new homes in the US, recently released a survey that says among people over 50 asked about retirement plans and 41% said they will never be able to…
Economy
All Economy Articles
Newest first · Page 375Cities Will Struggle With High Unemployment For Years
The U.S. Conference of Mayors recently released a report that says jobless rates will peak this year but that it will be many years before unemployment numbers reach the lows before the recession. There…
Wives Begin To Take Over As Top Family Earners
Wives are increasingly becoming the top earners in American households. The Pew Research Center reports that in 2007, in 22% of households wives earned more than their husbands. That is up from 4% in…
The Return Of The Double Dip
The more distance that most of the large national economies put between themselves and the deepest part of the recession, the less frequently the term “double dip” is used. Government officials in the US have…
Largest Risk To Global Stability May Be China Growth
China’s economic growth is considered by many analysts to be the engine for global GDP improvement. Experts expect China, with its GDP ranked No.2 in the world at close to $5 trillion, will grow well over 10%…
Fifteen Percent Unemployment For Two More Years
The chart that shows what the Congressional Budget Office believes the unemployment level will be is buried deep in the one of the charts in the new “The Policies For Increasing Economic Growth And…
January Beige Book… Don’t Ask, Don’t Tell
Economists, investors, traders, and speculators have looked for each clue as to just when the FOMC is going to end this zero-rate policy on interest rates. Usually, it is a peer through the minutes…
The Administration Claims The Stimulus Saved Two Million Jobs
When the Administration fought to get a $787 billion stimulus package from Congress early last year, it committed itself to using the money to create or save 3.5 million American jobs. The White House…
Job Openings Dive, Helps Argument For Tax Credits
Job openings hit new lows in November, down to 2.415 million from 2.571 million in October and 3.311 million in November 2008, according to the BLS. There were 6.35 unemployed people for every open…
Consumer Credit In Record Drop, Biggest Since 1943
Consumer borrowing took a breathtaking and record-breaking fall in November, according to figures released yesterday by the Federal Reserve. Revolving consumer credit dropped almost 18% from a year earlier fueling a $17.5 billion drop…
A Chance To Gamble Away The National Debt
Pennsylvania will now allow poker, blackjack, and a number of other games of luck and skill to be played at its 14 slot machine casinos. Politicians in the state say that they are against…
The Fed Becomes Indecisive
The stock and bond markets would like to be able to easily predict what the Federal Reserve will do for several months after each Federal Open Market Committee Meeting. If they had the knowledge…
Tech Issues Ahead of CES 2010 (MMM, UPG, PLXT, INTU, NETL, GRMN, GOOG, S, TXCC, INTC, AMD, AAPL)
It is the first week of January, which means one thing for lovers of consumer electronics: CES, the Consumer Electronics Show, takes place in Las Vegas. The event kicks off on January 7 at…
Public Pension Funds Up Against $2 Trillion Shortfall
By Douglas A. McIntyre Even in a world of massive deficits and rising national debt, not many problems come in packages that are in the trillions of dollars. The deficit facing the U.S. public…
More Stimulus Could Cause Double Dip Instead Of Preventing One
By Douglas A. McIntyre In his op-ed piece in The New York Times on Sunday, Nobel Prize-winning economist Paul Krugman argued that if the Obama administration and Congress on the one hand and Fed…