Economy

Consumer Sentiment Ignores Equity Markets, Soars on Tax Cuts

The preliminary University of Michigan Consumer Sentiment Index for February reached its second-highest level since 2004 in the first half of the month despite the carnage in the equities market ...
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Mixed Manufacturing Reports From New York and Philly Fed Reports, but Both Talk Up Inflation

Thursday was a busy day for economic reporting. The good news, at least for the equity bulls, is that the growth metrics remain intact and the market is finally figuring ...
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Even Higher Producer Prices vs Consumer Prices Not Spooking the Markets

It was just on Wednesday that the markets were somehow spooked by a higher inflation reading in the January Consumer Price Index report. This CPI came in hotter than expected, ...
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Most Americans ‘Happy’ With US Tax Law Changes

The Republican tax cut that was enacted in December is reaching Americans' paychecks beginning this month. The result is that take-home pay is increasing and the fatter paychecks are raising ...
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IRS Warns US Taxpayers of New Scam

The U.S. Internal Revenue Service (IRS) on Tuesday warned taxpayers that of a new tax scam that involves a claim by the scammers that the IRS has erroneously deposited a ...
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Are Weaker Retail Sales and Higher Consumer Inflation Really Adding Up to Stagflation?

When you get a hotter-than-expected reading on the Consumer Price Index (CPI), it means prices are going up at the consumer level. Easy enough to grasp. But what happens when ...
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Consumer Price Index Reaction Proves Markets Are Still Inefficient

Yesterday we had warned that the financial markets were bracing for the inflation card when the latest Consumer Price Index (CPI) was released. That has now come to pass, and ...
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Markets Brace for Inflation Wild Card From Wednesday’s Consumer Price Index Report

The stock and bond markets have been reintroduced to volatility. Frankly, it was long overdue, even if most investors simply do not enjoy those "whoosh" sounds of dead air when ...
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What Americans Are Willing to Go Into Credit Card Debt For

More than half of all Americans have, at one time or another, owed money to a credit card issuer. An even larger proportion — 86% — have regretted it. The ...
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January Small Business Optimism Rises, Wages to Rise

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for January rose by 2.0 percentage points from 104.9 in December to come in ...
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The Week of Economic Reports, the Stock Market Tank and Inflation Fears in the Coming Week

The week of February 9, 2018, was a wild ride in the stock markets, and despite the fear of rising rates, it wasn't really all that crazy in the bond ...
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America’s Most Unequal Cities

Over the past 30 years or so, the gap between household incomes of those who earn a lot and those who earn less has widened. The top 10% of U.S. ...
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Why Stocks May Still Have a Long Way to Fall

The scary market action over the past week may not be over yet, nor for a while. In fact, the Dow’s 567-point bounce on the traditional “Turnaround Tuesday,” may turn ...
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The Costliest Natural Disasters Are Not Hurricanes

After a 2017 hurricane season that saw three Category 4 storms hit the United States, including Puerto Rico, and cause an estimated $265 billion in total damage, most of us ...
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January CEO Exits at Highest Rate in 8 Years

In the first month of 2018, 132 CEOs left their jobs, according to the latest report from outplacement firm Challenger, Gray & Christmas. That's the highest monthly total since February ...
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