Dow Moves Back To 10,000
The DJIA is heading back to 10,000 and it may not take long to get there. The index moved into “correction” territory yesterday, down 10% from its peak. Another 1,ooo points and it will…
Economy
All Economy Articles
Newest first · Page 371Has GDP Growth Disappeared? Leading Economic Indicator Stalls
High unemployment, lack of credit availability for small businesses and consumers, and slow wage growth may have caught up to an American economy which has been on the mend since late 2009. The Conference…
A More Optimistic FOMC
The minutes from the latest FOMC meeting are indicating a more optimistic group that controls the monetary policy. The higher GDP forecast for 2010 is now at 3.2% to 3.7% with core inflation forecasts…
In A Surprise, Consumer Credit Rises
Consumer credit rose in March, a bit of unexpected new. According to the Federal Reserve, the figure “increased at an annual rate of 1 percent in March 2010.” The total of revolving and non-revolving…
“Birth/Death” Numbers Show Unemployment Is Not Improving As Assumed
Factor in the birth/death numbers and the count on people who were “unattached” to the work force who became attached last month and real job growth was less than 50,000. The government headline made…
Why The DJIA Will Renew Its Assault On 12,000
The DJIA will once again begin its move toward 12,000 after the market collapse of the last several days. The quick drop of almost 1,000 points on May 6 seems to have been due to a trading or…
Did a Software Glitch Cause The Market Crash?
Part of the drop that took the DJIA down almost 1,00o points to under 10,000 is being blamed on software glitches at the exchange. Procter & Gamble (NYSE: PG) dropped 21% in a few minutes and…
Productivity Still Too Hot
Although productivity is not rising at the rate it did in the first quarter, the increase is still too “hot” to help employment. According to the BLS: “Nonfarm business sector labor productivity increased at…
US Adults Still Despair About Their Financial Condition
The percentage of people who feel that believe their financial situations are “good” or “excellent” fell to a new low in a Gallup poll which has been since 2001. That means the attitudes on the issues from the two deep…
IMF World Economic Outlook: Cloudy With A Chance Of Rain
The International Monetary Fund is out with its latest World Economic Outlook. The document goes to great lengths to contradict itself, leaving the reader to wonder if the global financial situation is getting better…
“Equal Pay Day” And The Myth Of Compensation Equality
Across the measurements of job equality, it is remarkable how little improvement there has been for women over the last decade. Pay parity is both made and born at least as it affects the annual compensation of women and minorities.…
IMF Says Financial System Is Better, But Not Really
The good news from the IMF April Global Stability Report is that worldwide bank write-down should be $2.3 trillion and not the $2.8 trilion that the agency estimated last October. The IMF said that the improvement was…
Charges Of Racial Discrimination In Census Hiring
Several groups have sued the The U.S. Census Bureau for discriminating as it hires workers for the 2010 survey. According to The Wall Street Journal, “In the suit, job applicants claimed the Census Bureau…
Roubini: Fed Hold Rate At Zero, How About Minus .5%?
Famous economist Nouriel Roubini has so many opinions on the future of the financial world that he is almost always right 50% of the time. He now says the Fed will keep rates at…
The White House Says Deficit Has Peaked, And May Be Wrong
The White House believes that the deficit has peaked and that the shortfall for the first half of 2010 will be much less than expected. The Administration bases this on an analysis of higher tax…