Markit’s Flash U.S. Services PMI was not just a weak reading in February. It was on the bad side of the growth-contraction breakeven point of 50. February’s non-manufacturing reading was down to 49.8. The…
A fresh survey from Bankrate.com showed that 52% of Americans have more emergency savings than credit card debt. This is the same percentage as it was in 2011.
The Conference Board has released its Consumer Confidence Index for the month of February. By the tone of the headline, you might expect that things got worse. After posting a slight gain in January,…
Right now investors and economic watchers alike are trying to decide whether the economic reports generally point toward a slight contraction or the slower growth story remains intact.
TrimTabs noted that tax collection flows indicate that the U.S. economy has been decelerating since last fall and could be headed for a recession if this trend continues.