Have Americans given up "retail therapy" for good? A permanent shift could be good for many strapped households âÂ?Â? but would spell bad news for the recovery. American consumers have awakened, bolt upright, with belated sticker shock (“I bought what!? I spent how much!?”), from a shopping spree that’s...
DailyFinance: Is the United States headed for a "new normal" -- a slow-growth economy that lasts perhaps for as long as a decade? The evidence supporting the "new normal" argument, predicting a future in which the U.S. GDP grows at no more than 2.0 per year, is ... Read more
DailyFinance: On the same day the Obama Administration floated a trial balloon to test the waters for extending TARP, the Congressional Oversight Panel heard from experts about TARP's effectiveness. While some of the experts did find aspects of TARP effective, ... Read more
DailyFinance: The Organization for Economic Cooperation and Development doubled its forecast for the global recovery from the deepest recession in decades. But even its new numbers call for a remarkably weak economic rebound. "The good news is that the recovery -- ... Read more
DailyFinance: Japan's GDP rose at an annual rate of 4.8% in the quarter ending September 30th. Most analysts had forecast a figure below 3%. It is not entirely clear how much of the increase is due to government stimulus, and how much is due to "organic" activity ... Read more
Japan's gross domestic product (GDP) rose at 1.2% in the quarter from the April-June period, or 4.8% on an annualized basis.
This was more than the expected rate in the July-September quarter anticipated by economists. due to stimulus in the country, which helped keep the nascent economic recovery on track in the period.
Corporate capital investment rose at 1.6%, up for the first time in six quarters. Domestic demand added 0.8% to growth.
By Bob Blandeburgo
Associate Editor
Money Morning
The U.S. economy will grow faster than expected next year, but job growth will begin later than previously thought, according to a survey of business economists.
A panel of 48 economists surveyed by the National Association for Business Economics (NABE) showed gross domestic product (GDP) in the United States will grow [...]
The amount of money being placed on the ‘wheel of nation defaults‘ has risen quite remarkably over the past year. Some investors are using the derivatives market to place bets that the United States, Japan, and/or the United Kingdom will default on their bonds at some future date.
It all comes down to the growing debt [...]
Guest Post by Oxford Analytica
The OECD yesterday forecast world growth of 3.4% in 2010. The OECD’s baseline forecast projects a world in which the US household savings rate is unchanged from 2009 and consumer growth picks up by 1.3%. As global trade growth recovers, some reversion to pre-crisis current account dynamics is on the cards. [...]
BloggingStocks: What is the Philly/Fed Index and why is it important? The Philly/Fed Index measures manufacturing activity in the Philadelphia area. While it measures only one area of the country, over the years it has been a leading index for manufacturing ... Read more
Get daily news and insights for the advertising, automotive, energy, financial services, food, health care, media, pharmaceutical, retail, technology, and travel industries.
