Stagnant Hiring in U.S. May Signal Recession (OR, IT MAY CONFIRM “THE GREAT DEPRESSION OF 2008”) By Steve Matthews, from Bloomberg The U.S. may be on the cusp of a recession for the first time in more than two years. Stagnant payrolls in August reported last week added to data over the past month showing [...]
U.S. Employment Probably Slowed in August By Bob Willis, from Bloomberg Hiring probably slowed in August and U.S. manufacturing contracted for the first time in two years as Americans lost confidence that the recovery will be sustained, economists said before reports this week. Payrolls climbed by 75,000 workers after a 117,000 increase in July, according [...]
Although officially the recession ended two years ago, the state of the U.S. economy is not that bright: unemployment has increased, housing prices fell to the lowest point since 2003 and gasoline prices are continuously increasing.
Someone once heard Bernanke’s Grandmother say: “Ben, it’s not good to lie.” The same person heard Bernanke say: “What does she know about business?” By Greg Robb, from MarketWatch WASHINGTON (MarketWatch) – Federal Reserve Board Chairman Ben Bernanke stuck his neck out on Tuesday and said the increase in inflation from the spike in oil [...]
As they say in South America… That takes cajones… The news came out in spurts all day on December 2nd, 2010… Ben Bernanke and his crew in the Federal Reserve threw money at anybody who said “Ouch!” during the years 2008 and 2009. You didn’t have to have good credit. You didn’t have to be [...]
Fed May Be `Central Bank of the World’ After UBS, Barclays Aid By Bradley Keoun and Hugh Son, From Bloomberg, Dec 2, 2010 Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on whether U.S. regulators bear responsibility for aiding other [...]
