The Economic Recovery “Clearly Has a Long Way to Go”
Fed Governor Sarah Bloom Raskin gave a speech in Los Angeles recently. Her tone and the content of her comments show she is even more pessimistic about the rate of U.S. recovery than her…
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Newest first · Page 352Credit Card Swipe Fees on Gasoline Blasted (V, MA, AXP, DFS)
We noted earlier this morning how lenders and credit card issuers were trying to beef up revenues by going back into the sub-prime market. Another way banks and card issuers boost revenue is by…
Huge 8.6 Magnitude Quake Hits Indonesia, Tsunami Warnings
A huge 8.6 magnitude earthquake hit off the coast of Indonesia at April 11, 2012 at 08:38:37 UTC. The epicenter was 269 miles SW of Banda Aceh, Sumatra, Indonesia The Tsunami Warning Center issued…
IMF Turns Negative On Economy
Government policies aimed at reducing a household’s debt relative to its assets—and its debt service payments relative to its income—could be an inexpensive way to mitigate the negative effects of household deleveraging on economic…
America’s Poorest Colleges Get Poorer
The Chronicle of Higher Education put out its annual salary survey for 2011/2012. Most of the headlines about the study centered on full professor pay at Harvard, which averaged $198,400. Professors at nine universities…
The Market Needs To Stop Expecting More QE!!!
The economy is eventually going to have to grow on its own from here without abnormal Federal Reserve methods of boosting the economy. Today’s negative reaction from the stock market based upon the notion that the…
FOMC Minutes Talk Up Modest Growth… Downplays QE3
The FOMC has released its minutes from the March 13, 2012 FOMC meeting discussing the developments in financial markets and the Federal Reserve’s balance sheet. The forecast for 2013 and 2014 time tables has…
Factory Orders Showing Only Marginal Growth
The data on February Factory Orders has been released and the results are showing that orders were up 1.3% in the month. While not a bad number, Dow Jones had estimates expected to be…
ISM Shows More Robust Manufacturing Growth
The ISM Manufacturing Report on Business is coming in a bit better than some of the recent regional data may have indicated. Today’s report shows that if you use the entire United States rather…
Chicago Purchasing Managers: Concerns of Higher Prices, Lower Orders & Employment
The March reading from the Chicago Purchasing Managers index came in at 62.2, and the Bloomberg consensus was listed as 63.0 and that was down from 64.0 in February. The problem is not just…
Environmental Protection is a Pocketbook Issue
In 1991, 71% of Americans thought it was more important to protect the environment than to foster economic growth. Only 20% of Americans thought economic growth was more important. In the latest Gallup poll…
Richmond Fed Survey Shows Moderating Economic Growth
In its monthly report on manufacturing activity in the central Atlantic states, the Federal Reserve Bank of Richmond notes that, “ll broad indicators—including shipments, new orders, and employment—continued to grow but at a rate…
The Case Against U.S. Economic Growth
Fed Chairman Bernanke recently stated that, even with monetary easing, the U.S. economy could be dragged back toward recession because of risks to the recent trend in job creation. The main engines of gross…
Fed President Bullard Rejects More Stimulus
St. Louis Federal Reserve Bank President James Bullard said in a speech this morning that the macroeconomic policy actions the Fed took to stimulate the economy at the start of the financial crisis may…
Fed Calls For Break-Up Of Too Big To Fail Banks
The Dallas Federal Reserve is calling for what would effectively be a break-up of the big banks in an effort to end the Too Big To Fail banking risks. An annual report titled “Choosing…