GDP Up 2.2% In 3Q, But Recovery Is Much Slower Than Previously Thought
WASHINGTON — All signs suggest the economic recovery will end the year on firmer footing despite a report Tuesday that the economy grew at a 2.2...
WASHINGTON — All signs suggest the economic recovery will end the year on firmer footing despite a report Tuesday that the economy grew at a 2.2...
Hale "Bonddad" Stewart | Posted 12.19.2009 | Business
Because we are approaching the end of the year, it is appropriate to take a look back at the economy for the last year to see how we're doing.
Jenny Darroch | Posted 12.10.2009 | Business
The ability to "think different" is critical to the future success of many industries. To innovate as a way to generating growth within organizations can only help industries and the economy as a whole.
New York Times | GRETCHEN MORGENSON | Posted 11.28.2009 | Business
A Robust economic recovery in 2010 is certainly on most investors' wish lists as this year draws to a close. A return to prosperity would not only mea...
AP | JEANNINE AVERSA | Posted 11.24.2009 | Business
WASHINGTON — The Federal Reserve doesn't expect the recovery will be strong enough to quickly drive down the jobless rate, and acknowledged its ...
AP/Huffington Post | Posted 11.24.2009 | Business
WASHINGTON (AP) -- The economy is growing modestly, with consumers too wary about spending to invigorate the recovery. That's the picture that emerge...
Patrick Takahashi | Posted 11.24.2009 | Business
The American debt as a percentage of GDP is at around 100%, which is expected to edge up to 101% in 2011, then begin to drop. However, Japan's debt as a percentage of GDP will go to 230%!
AP | EMILY FREDRIX | Posted 11.23.2009 | Business
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers ...
New York Times | PAUL KRUGMAN | Posted 11.17.2009 | Business
Germany's jobs miracle hasn't received much attention in this country -- but it's real, it's striking, and it raises serious questions about whether t...
Damien Hoffman | Posted 11.16.2009 | Business
An entire generation has been conditioned to believe economics is the fundamental nature of reality. If the Chinese government pulls a Lehman, the next chapter of history will be messy.
Robert Kuttner | Posted 11.16.2009 | Politics
President Obama has announced a White House Jobs Summit for next month. However, this is not a moment for another White House gab fest. It's a time for progressive leadership.
John R. Bohrer | Posted 11.12.2009 | Politics
Over the last few months, a number of prominent political columnists have pointed to historian and social critic Richard Hofstadter to explain what is happening to the Republican Party. Here's why they shouldn't.
Grant Cardone | Posted 11.06.2009 | Business
The so-called Great Recession, the longest and deepest since the Great Depression, may be over but you won't feel relief unless you and your company are able to sell your products and services.
Michael Pento | Posted 11.05.2009 | Business
The cyclical bull market in stocks and positive print on GDP has caused some on Wall Street and in D.C. to claim the recession has ended. A closer look indicates that neither believes its own rhetoric.
Dan Dorfman | Posted 11.04.2009 | Business
Go figure this crazy market following another bout of schizophrenia. First came terrific Thursday, then wicked Friday, as big money was made and even bigger money was lost.
Lynn Tilton | Posted 11.02.2009 | Business
We are living in interesting times and the road to resurgence will be long and fraught with obstacles. The path to economic recovery begins with truth.
Michael Brenner | Posted 10.31.2009 | Business
Here is a quick everyman's guide to economic statistics. Making sense of the figures demands a large measure of skepticism and an eye for misrepresentation and forgery.
Allison Kilkenny | Posted 10.30.2009 | Business
If life still sucks for you: you're still unemployed, depressed, broke, homeless, or scraping by on food stamps, don't worry. You're not alone.
Hale "Bonddad" Stewart | Posted 10.29.2009 | Business
The long awaited GDP report is out. Notice it wasn't just durable goods that saw increases: non-durable goods and services also increased. And not by small amounts.
BusinessWeek | Moira Herbst | Posted 10.26.2009 | Business
On the one hand, the Dow Jones industrial average once again danced around 10,000 last week. If U.S. gross domestic product rebounds as expected on Oc...
Bloomberg | Timothy R. Homan | Posted 10.25.2009 | Business
The economy in the U.S. probably grew in the third quarter at the fastest pace in two years as government stimulus helped bring an end to the worst re...
James Berman | Posted 10.08.2009 | Business
The market has had the biggest six month rally since the 1930s and stocks cannot go up forever. We can't time the sell-off, but we can prepare for one of its likely causes: inflation.
AP | JEANNINE AVERSA | Posted 11.30.2009 | Business
WASHINGTON — The economy shrank less than expected in the second quarter as businesses and consumers trimmed their spending at a slower pace, buttressing beliefs that the economy is now growing.
The 0.7 percent dip in gross domestic product for the April-June quarter follows the 6.4 percent annualized drop in the first three months of this year, the worst slide in nearly three decades. In the final quarter of last year, the economy sank at a rate of 5.4 percent
The new reading on second-quarter GDP, reported by the Commerce Department on Wednesday, shows the economy shrinking less than the 1 percent pace previously estimated. It also was better than the annualized 1.1 percent drop that economists were predicting.
The final revision of second-quarter GDP comes on the last day of the third quarter, in which many analysts predict the economy started growing again at a pace of about 3 percent.
"Growth should be solidly positive," said Mark Vitner, economist at Wells Fargo Securities.
Chip Conley | Posted 11.29.2009 | Business
Since his economists have suggested France adopt a "Joie de Vivre" index, Sarkozy has started sounding like a leftist -- or at least someone who spends too much time reading Sartre in Left Bank cafes.
Frankie Sturm | Posted 11.27.2009 | Politics
The fact that economies in Europe, Asia, and elsewhere have grown since 1945 is not a sign of American decline. It's a testament to US leadership.
AP | JEANNINE AVERSA | Posted 12.23.2009 | Business