The U.S. economy continued to grow during the second quarter, but the pace slowed even more than economists were expecting, according to a government report Friday.
Gross domestic product, the broadest measure of the nation’s economic activity, rose at a 2.4% annual rate during the three months ended June 30, the Commerce Department said.
The sluggish pace is down from the upwardly revised 3.7% growth rate in the first quarter, and missed economists’ forecast for a 2.5% increase.
Still, the figure marked the fourth straight quarter of growth and confirmed economists’ views that the recession that began in December 2007 ended at some point in the middle of 2009.
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Over the past two months I have written three articles relating to the so-called financial crisis for the Business Insider. Those three articles in order of their publication were called: (1) Fannie and Freddie Need to Go—Now; (2) How Twenty-Five Years of Mismanagement at Fannie and Freddie Caused the Financial Crisis; and (3) Why [...]
A top U.S. Federal Reserve official warned Thursday the U.S. economy is close to sliding toward Japanese-style deflation, and the current policy of keeping interest rates at near-zero for an extended period might exacerbate matters.
James Bullard, president of the Federal Reserve Bank of St. Louis, said in a policy paper the best way to avoid [...]
If you’re like me and reluctant to join the stock market frenzy with open arms, then consider buying reverse index funds that bet against Treasury bonds.
This strategy offers a high value alternative to joining a 50%-plus stock market rally since March as long-term interest rates rise on most days when the stock market climbs.
As stocks [...]
Is the U.S. economy in the early stages of a rare illness that last hit 80 years ago?
Because most of us have lived in an era of ever-rising prices, a full-blown bout of deflation would be a shock.
The United States has fought off deflation three times: in the Panic of 1837, after the Civil War [...]
The fiscal crisis in Europe has awoken Americans to the enormous challenge we face from entitlements. The promises our country has made over the past few decades, combined with changing demographics and rising costs, have put us on a path to national insolvency. Unless we control our deficits we will face stifled economic growth and [...]
Global HIV/AIDS prevention and treatment programs are already feeling the effects of the global economic crisis, according to a report released by UNAIDS and the World Bank. The report
found “in 34 countries, respondents said there is already an impact on prevention programmes.
The global fight against HIV/AIDS is threatened by stagnating economies around the world, which
have [...]
Over the past two months I have written three articles relating to the so-called financial crisis for the Business Insider. Those three articles in order of their publication were called: (1) Fannie and Freddie Need to Go—Now; (2) How Twenty-Five Years of Mismanagement at Fannie and Freddie Caused the Financial Crisis; and (3) Why [...]
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