austerity

cash register, not full

2013 Economic Impact of Easter at $17.2 Billion, Likely Undercounted

24/7 Wall St. tries to evaluate what the cost of each major holiday will be, or what the economic contribution is. The National Retail Federation tallies each holiday up using ...
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Bull and Bear

Ten Things That Could Wreck the Bull Market

The markets closed out the first quarter of 2013 with a big rally and the bulls seem to remain in charge. The Dow Jones Industrial Average (DJIA) is up more ...
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Tax

Cyprus Votes Against Silly Deposit Tax (or Theft)

The parliament of Cyprus has just voted against stealing assets from depositors to fund the nation's bailout of its banking system. This is good news because it sends a message ...
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World currency

ETF Folly: Just When You Thought Bond Yields Would Skyrocket

Bond yields have risen over the past month or two, and many investors expected those yields to keep rising. That was before Monday. The latest European debacle in Cyprus wanting to steal ...
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USPS Sorting Center

How Did the U.S. Postal Service Actually Add 4,500 Jobs in February?

There are always some interesting factoids in various industries and sectors in each monthly breakdown of the Employment Situation from the Bureau of Labor Statistics. Friday's BLS report was a ...
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Beware of the Coming Activist Bubble

You have heard of all sorts of bubbles in the financial world. There are instances like the housing bubble, a bond bubble, the dot-com bubble, the tech bubble, the private equity ...
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bank vault

2013 Fed Bank Stress Tests Have Only One Failure, Dividends Await

The Federal Reserve is finally out with its results of the bank stress tests. This is not the formal decision that will allow all the banks to increase their dividends ...
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Stock Split Image

Government Spending Cuts Are Here, But You Really Wanted It!

President Obama gave his speech today about the spending sequestration kicking in. We are going to skip the politics on the matter because frankly we have developed something called Cronic Ridiculously ...
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greek flag

European Unemployment Rises Again

Euro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs. According to Eurostat figures: The euro area (EA17) seasonally-adjusted unemployment rate was ...
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bank vault

The Seven Safest Banks in America for 2013

The U.S. banking sector is looking better in 2013 than it did in 2012, 2011 and so on. Balance sheets, credit metrics and underlying asset values continue to recover. Still, ...
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greek flag

New Austerity Protests Rattle Greek Economy

The masses in one European nation once again demonstrated that government attempts to close deficits through austerity only work if people work. Greeks staged a large national strike to protest ...
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Money, US, $100 bills

Twenty Sinful Companies to Give Up for Lent

As Fat Tuesday quickly turns into Ash Wednesday, Lent will take place from Wednesday, February 13 to Saturday, March 30 in 2013. It may not seem like much on the ...
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Euro

Europe Adopts Seven-year Austerity Budget

U.K. Prime Minister David Cameron prevailed in his determination to reduce the European Union’s (EU) seven-year project budget, the first time in the 27-member group’s history that the project budget ...
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U.K. Pushes for More Austerity in the EU Budget

The austerity philosophy of U.K. leaders is about to insinuate itself into the European Union budget, which already covers a region in which national austerity has become a habit, and ...
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U.K. GDP Disappoints

Just as U.K. Prime Minister David William Donald Cameron announced his future plans for his country's membership in the European Union, there are signs that his austerity plans for Britain ...
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