Twenty-five percent of Americans now have a credit score of less than 600. In an economy where credit plays a central role, that presents a significant obstacle to recovery.
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Author Archive
Number of the Week: Default Repercussions
Q&A: Romer Reacts to GDP Data
Obama adviser Romer said that there is room for the government to do more to promote economic growth and jobs, and noted a higher savings rate that indicates much of the necessary consumer retrenchment may be past.
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Democracy as Cure to Resource Curse
It’s only common sense: A surge in commodity prices should produce wealth in commodity-producing countries. But that often isn't the case; the boom quickly turns to bust as a result of what economists call the “resource curse.”
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Weak Labor Cost Data Darken Consumer Outlook
Compensation is barely growing and that highlights an obstacle to growth: consumers--even those with jobs--are strapped for cash. Without household spending rising at a healthy clip, the recovery will struggle to gain traction.
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Bernanke’s Bottom Line
Last year Ben Bernanke was able to make up for the losses his personal net worth suffered in 2008 thanks, in part, to the stock market recovery he helped bring about.
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Fed Outlook Now Looks Too Rosy
It was just over a month ago the Fed downgraded its outlook for the economy slightly, but Friday’s gross domestic product report reinforces a view that the outlook already looks too rosy.
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Economists React: GDP Signals Companies More Optimistic Than Consumers
Economists and others weigh in on the slower gross-domestic-product growth.
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Wage, Benefits Costs Rising Slowly
The cost of paying wages and benefits is rising very slowly amid still-high unemployment rates and the economic recovery losing momentum.
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Germany’s Missing Link: Consumer Spending
Just add consumer spending, and Europe’s biggest economy will be firing on all cylinders. Oh yeah, that.
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Petroleum Imports Hold Back GDP
Petroleum imports may shave more off GDP than some economists think, according to a recent analysis by St. Louis forecasting firm Macroeconomic Advisers.
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- SpongeBob fans add to BP anger - TelegraphThe great BP clean-up has begun. With the well capped and the chief exec axed (sorry, sidelined), the company can start the long process of purging both the beaches and its reputation of the dirty black marks of oil residue.0 comments […]
- shadow-economies-on-the-rise-around-the-world: Personal Finance News from Yahoo! Financeไทยติดอันดับ7ใน10ประเทศที่มีเศรษฐกิจเงา ที่ทับซ้อนเศรษฐกิจจริงของประเทศ คิดเป็นมูลค่า 57.2% ของจีดีพี http://yhoo.it/bimY7E0 comments […]
- BP's evaporating oil slick leaves America without a villain - TelegraphWith the gush from the BP oil spill plugged for the past two weeks, experts are beginning to question whether it can really be called an environmental disaster at all, writes Alex Spillius.0 comments […]
- The week's Top 10 videos on MarketWatch Top Ten - MarketWatchTop Ten: The week's Top 10 videos on MarketWatch: In case you missed them, here are the top 10 videos that appeare... http://bit.ly/9Nntyj0 comments […]
- Home Bancshares Buys Two Lenders as U.S. Failures This Year Climb to 108 - Bloomberg#Home Bancshares Buys Two Lenders as U.S. Failures This Year Climb to 108 - http://ow.ly/2jb390 comments […]
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- Claridge's hotel owner looks to US private equity for help - TelegraphThe owner of Claridge's and The Connaught is close to finalising an emergency £600m restructuring that will see the private US property manager Westbrook Partners become a leading investor in the prestigous hotels group.0 comments […]
- Economy in U.S. Will Probably Keep Cooling as Lack of Jobs Limits Spending - BloombergEconomy in US Will Probably Keep Cooling as Lack of Jobs Limits Spending: The expiration of the incentive has caus... http://bit.ly/9wmhGQ0 comments […]
- FT.com / Books - The language of foodSimon Schama on the connection between language and food. http://bit.ly/dzLbMr0 comments […]
- SEC vs. the media, round two - Jul. 30, 2010SEC vs. the media, round two: The Securities and Exchange Commission was not seeking a blanket exemption from publ... http://bit.ly/dlZidN0 comments […]
- 7billion a year skimmed off our savings - TelegraphMore than £7.3billion a year is being “skimmed off” the value of Britons’ savings by City bankers and fund managers, an investigation by The Daily Telegraph has found.0 comments […]
- Home sellers are unhappy with real-estate firms Real Estate Weekly - MarketWatchHome sellers are unhappy with real-estate firms http://on.mktw.net/9S2AuJ0 comments […]
- China says it has overtaken Japan as world's No. 2 economy - Jul. 30, 2010RT @JobsDirectUSA: China says it tops Japan as No. 2 economy http://bit.ly/dmOyzM http://CarlosGil.us0 comments […]
- Worst job on Earth: calling all applicants - Jul. 30, 2010CNN ,Bloomberg: Worst job on Earth: BP calling all applicants http://bit.ly/cAy32m Full http://bit.ly/bxEWtL1 comment […]
- The Buzz: Consumers aren't spending. That's a good thing. - Jul. 30, 2010Consumers not spending like drunken sailors: The economy is heading nowhere fast. That's the bad news. But the goo... http://bit.ly/9PucjL0 comments […]