New York TimesRomney Vowing Dodd-Frank Repeal Hits JPMorgan Risky TradesSan Francisco Chronicle(Updates with Carney comment beginning in seventh paragraph. For more on the campaign, see ELECT .) May 14 (Bloomberg) — Mitt Romney says he wants to talk a…
January 6, 2012, 3:03 PM.
ECRI Leading Index Starts Moving Lower Again.
By Mark Gongloff
The WLI fell this week to 102.2, its lowest absolute level since October 7. The rolling growth rate fell to -8.2% from -7.6% last week. That’s the lowest grow…
Boom For Whom
While I’m talking about inequality and the crisis, I realized recently that there’s another channel not usually talked about, via the misperception of success.
Let me start with a puzzle: why did faith in the wonders of financial de…
December 8, 2011, 9:04 pm
Americans Got Much Poorer Last Quarter
By CATHERINE RAMPELL
Americans got much poorer last quarter, as their collective household net worth suffered the biggest decline in three years.
The total net worth of American house…
Cashin: The Market’s Having a Flying-Horse Moment
The number of Americans who lack access to basic necessities like food and health care is now higher than it was at the peak of the Great Recession, a survey released Thursday found.
And in a finding that could worsen fears of U.S. decline, the sh…
Return of Mass Layoffs a Grim Sign for U.S. Workers
By Aaron Task
Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. (See…
The following is from economist Tom Lawler. He points out that the homeownership rate in April 2010 was significantly lower than previously thought. Tom also notes that the age adjusted homeownership rate was lower in April 2010 than in April 1990! …
Some of the comments on this brief Krugman piece are priceless….
The Exceptional Mr. Greenspan
Alan Greenspan continues his efforts to cement his reputation as the worst ex-Fed chairman in history; in today’s FT, he comes out for a repeal of …