U.S. Economy Suffers Historic Slowdown Amid Pandemic
Coming on the heels of the first contraction after 23 consecutive quarters of growth, the U.S. economy suffered its steepest decline on record in the second quarter of 2020. According to preliminary estimates More...
Barry Ritholtz Examines Tortured Data on Energy Sector and Jobs
Barry Ritholtz, a columnist for Bloomberg, dissects claims that most of the job growth since 2007 has been in the oil and gas sector. If that were the case, the U.S. economy would be in hot water, since More...
Treasury Secretary Jack Lew Says Strong Dollar Is Good for US
U.S. Treasury Secretary Jack Lew painted a bullish picture of the U.S. economy at Davos. While problems in the global economy might create problems for U.S. companies with global exposure, it won’t prevent More...
Alan Greenspan’s Economic Forecast for 2015: It’s a Coin Toss
Former Federal Reserve chief, Alan Greenspan discussed with Bloomberg how he thinks the Federal Reserve and the U.S. economy will shape up in 2015. He is not optimistic that OPEC will alter its policy and More...
Alan Greenspan Not Confident About US Economy
While former Fed Chairman Alan Greenspan said the U.S. economy is healthier than many other economies around the world, “we’re still not doing all that well, ” he told Bloomberg. Greenspan, More...
Euro zone rattled as Greece braces for elections
– European shares and periphery euro zone bonds tumbled on Monday after the Greek parliament rejected the government’s presidential candidate, setting the stage for an election that anti-bailout More...
Financial Strategist Peter Schiff Says Recession Needs to Happen in 2015
On Tuesday, the U.S. Commerce Department released a fantastic estimate: In the third quarter of 2014, U.S. GDP grew at a rate of 5 percent, the fastest it’s grown since 2003. But things might not be More...
Peter Schiff Thinks U.S. Economy Will Hit A Wall
The economy seems to be going well. The GDP number was 3.9% and oil hit a four year low of $74 a barrel. However, Peter Schiff, CEO of Euro Pacific Capital thinks all of this will change. He foresees a dismal More...
Jim Cramer Says It’s Not About the Fed Anymore
CNBC’s Jim Cramer says the compass has changed when looking at the stock market. For at least a year, money mangers would use the Federal Reserve as a guide for whether to buy or sell. For so long, More...
Yellen says Fed must focus on globalization
– Federal Reserve Chair Janet Yellen says the growing globalization of financial markets requires the Federal Reserve to understand how economic developments in other nations may affect the U.S. More...