Economy Archive

Economy: No Easy Fix

By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) – The Federal Reserve has little power left to lift the economy out of its rut. Congress, with an election looming, has no appetite for more stimulus. Shoppers are reluctant to spend, and businesses... (more...)

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Are American Consumers Getting their Groove Back?

I have noticed an interesting trend as the nation continues to claw out of the ugly recession.  While the job picture remains bleak, those who do have jobs seem to be ready to exhale and do a little shopping.  The financial collapse of a year ago triggered... (more...)

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Unemployment hits 9.7%

That is higher than economists had expected. However the number of jobs lost, while high, continues to be “less-bad.”  What does it all mean?  As someone who went through the unemployment process this year and who knows lots of other people... (more...)

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Ford Chief Economist Ellen Hughes-Cromwick

Ellen Hughes-Cromwick made the case for Ford to concentrate on the emerging markets of Brazil, Russia, India and China (the BRICs) almost a decade ago. Her forecast was right on. Ford, the only major U.S. automaker to make it through the recession without... (more...)

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Stop Looking for Shoots

Enough with the search for green shoots. The Financial media is missing the point in its constant banter about green shoots. Yes there are green shoots, brown shoots, verdent pastures and drought-choked fields, but that isn’t the point. It is the... (more...)

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The Opportunity

These are hard times… everything I thought I knew… or had planned seems to be unraveling. Investments for retirement and my daughter’s education, even my career path seems to be a mess. The economy has created challenges and has forced me to rethink... (more...)

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Zandi: The Economy, Obama, Bernanke and more

At a business event this Tuesday, respected economist Mark Zandi let the predictions fly. Below is a recap. Zandi, co-founder of Moody’s Economy.com, predicts that the economy will begin to recover at the end of the year. He expects the economy... (more...)

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Getting Ready for the Rebound

There is a tiny sprig of green in the clay pot on my patio. Last summer purple clematis flowers spilled from the pot and weaved in and out of the railings. They were the picture of abundance. In the cold of winter and the ruthlessness of the financial... (more...)

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Risky Business

In his annual letter to shareholders Warren Buffet wrote, “The investment world has gone from underpricing risk to overpricing it.” This Buffet argues is leading to yet another bubble in a decade that has seen its share of them, tech, housing, oil,... (more...)

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When You Become the News

Saying Goodbye After Our Final Show  I am my lead story. As my staff and I reported on the world’s economic turmoil for my nightly TV show Money Matters Today, we got the news. Our network, show, and jobs were being eliminated. Three-hundred-and-fifty... (more...)

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