While some households and neighborhoods have recovered from the recession, most black and Latino households and neighborhoods are still waiting to recover.
I continue to believe that this grand Keynesian experiment will end in tears. Furthermore, when it ends badly, future generations will not be able to believe our stupidity.
The summer is coming to an end without much success at the movie box office, but one "sequel" has emerged a winner this week although its ultimate fate awaits further developments.
Most media attribute oil price slumps to oversupply from US fracking, omitting the fact that governments are discussing whether oil companies will be allowed to extract all the fossil fuel they've already priced into their stocks.
It is one thing to read the 'so-called' Fed tea leave and another to be so tied to your point-of-view that you ignore the writing in front of you, and instead attempt to read between the lines.
Technology seems to have solved the trade execution issue, so I don't foresee an overwhelming market shutdown. Fidelity now offers an amazing 1 second trade confirmation guarantee.
While many American households now face a bright and promising economic future, it is now clear that the recession and post-recession recovery has a different look and feel depending on whether you are wealthy, middle-class, or poor.
Are you worried about the government running deficits in the hundreds of billions of dollars and a debt in the trillions? If so, then you should be really angry at people calling for the Federal Reserve Board to raise interest rates.
I want to buy a house. Would you be willing to loan me $250,000 for 30 years at 4.25 percent? Your answer is crucially important. Before you answer, keep in mind that you will be taxed on the interest you receive.
Indeed, it has long been U.S. government policy to encourage home buying among young adults, especially by providing favorable tax subsidies for homebuyers in the form of the famous mortgage interest deduction.
The conventional wisdom: low interest rates are good for both economic growth and the stock market. Unfortunately for the conventional, the "wisdom" of low-rates-stimulate-growth omits three features.
The following questions were taken from the list of 100 civics questions. Admittedly, these are some of the harder ones. Could you pass?
So what are the causes for optimism with regard to future earnings power? Well, the most notable are probably the recent sharp decreases in interest rates and gas prices.
The problem is that Wall Street's biggest banks don't want to have to go into bankruptcy if they fail. They want U.S. taxpayers to bail them out like what happened in 2008-2009. They want to keep their jobs, bonuses and reckless gambling.
Many in the financial industry couldn't care less about unemployment. They don't want to risk any inflation that could erode the value of their wealth. Their voices are being heard at the top levels of the Fed. It is essential that the broader public get involved in this debate as well.
The economy grew at an impressive rate of four percent in the second quarter of this year, according to a government report released on Wednesday. But the stock market promptly tanked. The Dow lost more than 317 points Thursday and another 70 points Friday. What gives? Financial markets like it when the economy grows fast enough to signal that the recovery is continuing -- but not so fast that labor markets might tighten and workers get more bargaining power to get raises. Markets also worry that if the economy grows too fast, the Federal Reserve might pull back from its policy of low interest rates.