The $858 billion compromise tax bill passed the House Thursday at midnight, and is on its way to President Obama’s desk. With its passage, and the GDP growth it will propel, his reelection is more in the bag than ever. What eff…
The biggest question many investors have about President Obama’s compromise tax cut deal is how it will benefit the economy. But so far, there is little agreement on Wall Street about what the stimulative effects of the deal wi…
The consumer sentiment index rose to its highest level in five months in November, propelled by a slightly better economic outlook. However, despite the gain, sentiment remains at a low level, and not high enough to suggest a s…
The recent stream of modestly positive economic news means the Fed probably won’t take any further action to stimulate the economy at its upcoming meeting. But nobody is calling the economy healthy yet.
Continu…
Forget the gloomy predictions: According to Richard Berner of Morgan Stanley, U.S. consumers are a year ahead of schedule in repairing their household balance sheets, giving them the ability to start spending again soon. And t…