Four years after the Great Recession, U.S. households are slowly repairing their balance sheets and shedding their debt -- except when it comes to stu...
The global financial crisis has reversed an expansionary trend of international activities by banks from advanced countries that had been at play for decades.
News items pop up regularly about entire towns and villages going up for sale. In April, Buford, Wyo., sold to a Vietnamese buyer for $900,000. The sa...
I know we're all up to our necks in the spectacle of the Republican candidate debates and the last gasps of the super committee, but it's the job market that matters most -- and not just jobs, but earnings.
Several shocks have recently buffeted the global financial system: unequivocal signs of a broader global economic slowdown; fresh market turbulence in the euro area; and the credit downgrade of the United States.
While our leaders in Washington pay little more than lip service to the need to reduce our nation's debt addiction, Americans by the millions are working harder than anytime in the past 40 years to live within their means.
American consumers can help their fellow citizens and our friends in China in their purchasing decisions. A former American president once urged all Americans to "go shopping." When we do, we should try whenever possible to buy American.
Six important issues speak to the problem for policymakers in Europe, the US, and Japan. First, all three economic areas are struggling with unsettling de-leveraging dynamics.
Just as a tornado in Kansas transplanted Dorothy and, her dog, Toto, from familiar comforts to the unknown land of Oz, the global crisis has led many ...
The day when the Federal Reserve began to lower interest rates to address a looming economic downturn, the New York Times ran a Tiffany & Co. ad on page three. The ad featured a lovely pair of diamond teardrop earrings for $230,000.
As the economy emerges from the downturn, consumers are likely to spend the next several years drastically reducing their debt -- at least if historic...
Over the past year the global economy has experienced a massive contraction, the deepest since the Great Depression of the 1930s. But this spring, eco...