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Richard Barrington

Mixed Messages: Debt Falls Alongside Savings Rates

Richard Barrington | Posted 01.17.2012 | Business
Richard Barrington

Since debt and savings are opposites, you wouldn't expect them to move in the same direction at the same time. However, recent statistics indicate that as America's debt has shrunk, so too have America's savings rates.

Bank Closings Slow to a Steady Downpour

Richard Barrington | Posted 01.02.2012 | Business
Richard Barrington

The torrential pace of bank failures in 2009 and 2010 has eased, but in the first three quarters of 2011 the downpour has still been enough to give the banking system a pretty good soaking.