The Feds Have No Faith in Recovery
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.
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.
Michael Pento | Posted 05.29.2009 | Home
In the longer term, the risk of the U.S. suffering through a bout with hyperinflation is very real. However, in the short term what we most likely fac...
AP | JEANNINE AVERSA | Posted 03.02.2009 | Business
WASHINGTON — Battered by layoffs, debts and dread of worse to come, shoppers clutched ever tighter to their wallets in the final three months of...
Alan Schram | Posted 12.15.2008 | Business
In the last few months, we have seen the prices of commodities dropping precipitously. Oil dropped from $150 to $60, Gold dropped from $1,000 an ounc...
Janet Ritz | Posted 06.27.2008 | Green
While Obama was in Illinois shoveling sand in bags to hold back the Bush-neglected infrastructure that was crumbling around him McCain was on his way to accept whoops and cheers from oil industry insiders.
Reuters | Posted 03.28.2008 | Business
At U.S. warehouse club stores, a growing number of shoppers are giving up steak for cheaper chicken. Coffee sales are soaring at McDonald's, while hig...
AP | MATT MOORE | Posted 03.28.2008 | Business
BERLIN — The dollar kept spiraling down Friday, hitting another low against the euro and dropping to a three-year record against the yen, as wor...
Washington Post | Neil Irwin | Posted 03.28.2008 | Business
The economy is not close to a 1970s-style mix of stagnant growth and high inflation, Federal Reserve Chairman Ben S. Bernanke said yesterday, but he p...
Wall Street Journal | MICHAEL M. PHILLIPS, GREG IP | Posted 03.28.2008 | Business
The Bush administration is hardening its opposition to the chorus of Democrats, bankers, economists and consumer advocates calling for a big-money gov...
AP | JEANNINE AVERSA | Posted 03.28.2008 | Business
WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Thursday that the nation isn't "anywhere near" the dangerous stagflation situat...
AP | MATT MOORE | Posted 03.28.2008 | Business
BERLIN — The euro climbed to a record high of $1.5057 in early European trading on Wednesday as sentiment increased that the U.S. Federal Reserv...
AP | JEANNINE AVERSA | Posted 03.28.2008 | Business
WASHINGTON — It's a toxic economic mix the nation hasn't seen in three decades: Prices are speeding upward at the fastest pace in a quarter cent...
Ron Insana | Posted 03.28.2008 | Business
Because there are many similarities to the 1970s when it comes to the economy, I am going to dub the current economic situation "inCESSION," not "stagflation."
Wall Street Journal | Greg Ip | Posted 03.28.2008 | Business
The U.S. faces an unwelcome combination of looming recession and persistent inflation that is reviving angst about stagflation, a condition not seen s...
Eben Esterhuizen | Posted 03.28.2008 | Business
Because "stagflation" sounds a hell off a lot scarier than "recession," you'll probably be hearing a lot about it in the financial media over the coming weeks.
AP | Kevin Freking | Posted 03.28.2008 | Business
Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the...
Michael Pento | Posted 11.05.2009 | Business