Wholesale Inflation Still Running Tame
The Labor Department has released the April Producer Price Index, otherwise known as the wholesale inflation number. The nominal PPI came in at +0.3% and the the core PPI on an ex-food and ex-energy…
Economy
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Newest first · Page 387California Home Prices Plunge, And State Faces Need For US Aid
The RealtyTrac reports that one in every 138 housing units in California received a foreclosure notice last month. Foreclosure activity in the state is up 42% from April of last year. The trend has…
Forgiving A Mistake In The Federal Budget
The Administration says that the budget deficit for the current fiscal year will be 5% higher than previously forecast which will puts the number above $1.8 trillion. The spread between the old number and…
The Administration Raises Budget Deficit Figure 5%
The Administration today raised its estimate for the federal budget for this fiscal year by $89 billion, 5%, to $1.84 trillion. The new, higher number is nearly the same as the one provided by…
Will The Economy Need A Second Stimulus Package?
If the new stimulus package and parts of the budget aimed at creating new jobs do not begin to take hold soon, the Congress and Administration may be faced with having to put hundreds…
George Soros: Do Billionaires Know Much About The Economy?
T. Boone Pickens speaks out on the likelihood of rising oil prices and alternative energy are often as anyone will listen. Based on data about his energy fund, he has lost money on most of…
The Economy Moves To The Waiting Room
Most large companies have released their first quarter earnings and the critical economic figures for March and April are out. A growing number of economists say that the consumer will begin to conquer his…
Being Rich Loses Its Luster
Being rich during a recession can almost be as bad as being poor. The only difference is that the rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported…
The Preposterous Flu Epidemic
The “swine flu” was supposed to bring global commerce to a halt, drive global GDP down by 5%, and cost the economies across the world as much as $3 trillion dollars. In the process,…
Putting Bernanke On The Shelf For A Year
Ben Bernanke’s comments about the recession and his reasons for believing that the economy has hit bottom could have been a mimeograph of a dozen other speeches made by Fed chairmen testifying before Congress…
Bernanke: Things Will Get Better, Or They Won’t
Ben Bernanke told Congress that the recession may be over by the end of the year, at least as it is measured by GDP. Unemployment will be troubling for a longer period, perhaps well into…
Despair And The Vision Of The New Economy
A number of prominent American economists believe that the American economy has permanently lost its resilience and vitality. They believe that, for the first time in memory, America cannot rebuild itself after a severe…
Factory & Manufacturing Data, Mixed to ‘Less-Bad’
The Institute for Supply Management released its manufacturing data for April and we also saw March Factory Orders. The April data from the ISM looks favorable compared with March and to the consensus estimates. …
The Fed: Things Will Get Better, If Everything Goes As Planned
The market continues to stage an improbable rally which should have been affected by concerns about the spread of the Swine flu virus and the fact that several large American banks may need tremendous…
Fed Takes Less Negative Stance On Economy
The FOMC has said that it will leave the target Fed Funds Rates between 0.00% to 0.25%. The group also noted that the decision was unanimous and said that the contractions in the economy…