Small businesses think they are being abandoned by the federal government just when they really need something in exchange for their tax dollars. A new poll from American Management Services reveals that almost no…
The old saw is that the Federal Reserve cannot battle inflation and recession at the same time. If true, it would appear that more agency governors are opting for letting an economic downturn run…
If Citigroup (C) chairman Win Bischoff is right, then his bank and the US economy are going to be cornered by a deepening recession for the next two years. According to Reuters, the Citi…
The IMF is worried to death that emerging markets are facing substantial inflation and are doing nothing about it. If the agency is right, some of the most promising economies in the world could…
If you love to review the totality and formal minutes you can see the full release of the JUNE FOMC MINUTES for the meeting adjourned on June 25. Here are some of our own…
The Labor Department said that the Consumer Price Index rose 1.1% last month. Energy alone was up 6.6%. Both figures were higher than what Wall St. expected. Inflation is here to stay. Energy and…
Inflation in the UK hit an annual rate of 3.8% and the price of the equivalent of a gallong of gas hit $8.50. According to the AP, "Inflation in Britain hit a higher-than-expected 3.8…
From Clusterstock: The DOW dipped below 11,000 this morning for the first time in two years. Worse, the stock market has now been flat for the better part of a decade. Normally, long-term investors…
The IMF seems to think that the global economy is going to go badly this year and worse next. According to Reuters, "With sky-high food and oil prices adding to the economic pain caused…
If you look at today’s jobless numbers and loss of jobs, it really looks OK on the surface. The numbers are close enough when you consider how the calculations (which we are expected to…
The distance from Detroit to Dallas is about 1,200 miles, but the two towns might as well be twin cities. Yesterday, a prediction that GM (GM) could go bankrupt set off panic among the…
Eli Broad, one of the richest men in the world, says the current economy is the worst he has seen in his lifetime, the worst since WWII. According to Bloomberg, he also says a…
No one hears much about the Bank for International Settlements but It deals with central banks worldwide and probably has as good a fix on the global economy as any single entity. There is…
If the stock market crashes, it could bite a number of parts of the economy, and bite them hard. There are several things that Congress could do to help the situation, although the government…
Today we saw the FOMC decision on rates, but the focus was more on the statements and wording than the unchanged Fed Funds Rate of 2.00% and a Discount Rate of 2.25%. Downside risks…