There is some silver lining to the relentless clouds of jobless news which included weekly initial unemployment filings which reached a ten month high last week of 500,000 A Bureau of Labor Statistics report…
If you have gone through earnings season and listened to conference calls and read through conference call transcripts in the manner we have and compared the corporate outlooks to economic data, then you will…
The Congressional Budget Office (CBO) estimates that the federal budget deficit for 2010 will exceed $1.3 trillion—$71 billion below last year’s total and $27 billion lower than the amount that CBO projected in March…
The economy is dying and the process is accelerating by the day now. The Conference Board released extremely weak data. The Leading Economic Index for the U.S. increased 0.1% in July to 109.8, following…
Job losses at companies with fewer than 50 workers eclipsed larger companies when it comes to job cuts according to new data from the Labor Department. The information covers the last quarter of 2009.…
The heads of the regional Federal Reserve banks are thinkers, but they may not be doers. Narayana Kocherlakota, the President Federal Reserve Bank of Minneapolis, said today that “unemployment will remain above 8 percent…
Behind every American who does not have a job there are apparently many who are concerned about whether they will keep their own. Depending on whether joblessness is 9.6% or the 17% which includes…
Americans’ despair about the economy shows up so often in research studies that the results have become redundant. But, the malaise actually deepens with each new piece of data. The troubles that US citizens…
The Treasury should be happy with its July 2010 budget report. The deficit fell from $180 billion in the month last year to $165 billion in the most recent month–something that the Administration can…
The second half of this year will be worse than the first–economically. That is what economists are saying now that they have looked at the Federal Reserve notes, the unemployment numbers, and housing data.…
Washington DC is a good place to work during a recession. Information from the Commerce Department shows personal incomes declined in 233 cities and rose in 134 in 2009. In nine cities, the figure…
The economy of one Western nation is growing rapidly–Germany’s. The Federal Statistics Bureau said that exports rose 28.5% in June compared with a year ago. Germany exported commodities to the value of EUR 86.5 billion…
The debate about whether the Congress and the Administration should push through another stimulus bill has gotten uglier. Some of the president’s advisers, including Christina Romer, the departing Chair of the Council of Economic…
Making the rich pay higher taxes is an ancient notion that budget gaps can be filled by forcing a heavy levy on the 1% or 2% most wealthy people in any developed nation. Tim…
The government and most economists say that the recession is over. It ended late last year, in fact. Several recent polls of consumers show that the average American believes that the recession is still…