Investors Flee Stocks in Droves In Favor of Bonds
Individual investors are fed up with the stock market. Burnt by 10 years of negative returns, two crashes, and a current economy mired with high unemployment and lackluster growth, many are throwing in...
View ArticleAssets Value Plummets But Debt Takes Longer To Pay Off
IT’S one of the toughest lessons an investor has to learn: while the value of assets can plummet posthaste, it takes forever to shrink the debt that was used to buy them. Last week, this harsh truth...
View ArticleUS Economy: Growth Picking Up In Most Of US
The U.S. economy improved in most parts of the country this fall as factories produced more and shoppers spent more money. A new survey by the Federal Reserve finds that 10 of the Fed’s 12 regions...
View ArticleTax Cuts Boosted Retail Sales Strongly in February
Americans are using extra money from their tax cuts to buy new cars, clothing, sporting goods and electronics. The reduction in Social Security taxes helped lift retail sales for the eighth straight...
View ArticleUS Going Same Route as Greece, Portugal: Economist
The US is going down a similar road as that taken by Greece and Portugal with regard to its budget decisions, John E. Silvia, chief economist at Wells Fargo, said on Wednesday. "To me-being in Europe...
View ArticleConsumer Price Index Increases As Earnings Fall
Consumer Price Index rose last month in contrast to the fall in earnings. Rising food and gasoline prices lifted U.S. consumer inflation as expected in March, but underlying inflation pressures...
View ArticleMore U.S. Downgrades to Come, but Stocks to Stay Strong
Phil Dow, director of equity strategy for RBC Wealth Management, says Standard & Poor’s move to downgrade its outlook on U.S. debt is the first in a series of these actions that probably will come....
View ArticleThe Age Of America Will End In 2016 Says IMF
Measured in dollars, the U.S. GDP will still be 70% bigger than China’s by then, but the trend is unmistakable: At some point, barring a wreck of China’s economic freight train, China will eclipse the...
View Article80% Say U.S. Economy In Bad Shape
Tempering this morning’s stronger-than-expected jobs report is a new CNN survey showing more-than 80% of Americans believe the economy is in poor shape. Not surprisingly, 38% of respondents cited...
View ArticleGas Prices Are Soaring Toward $5 A Gallon
Gas prices in the U.S. are nearing the freak-out point–the level at which Americans go from grumbling about getting gouged to actually reducing their gas consumption and demanding that their elected...
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