The dismal November jobs report has commentators pointing derisively to a “jobless recovery.” But investors shouldn’t overreact: Employers have historically held off on hiring when the stock market has been volatile.
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The Organization for Economic Cooperation and Development cut its economic growth outlook for 2011, forecasting a “softspot” as governments withdraw stimulus packages. It now expects a 4.2% growth rate, compared with a previous…
When QE2 is complete, the Fed’s bond purchases will have injected $1.7 trillion in liquidity into the markets since 2008 in an effort to boost corporate investment in new production and new jobs in the U.S. Instead, companies …
The U.S. government started the new fiscal year on the right foot, posting $140.4 billion deficit in October, the first month of the new fiscal year. That was substantially lower than the $148 billion deficit that had been fore…
Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts — due to expire at the end of the year — for America’s wealthiest taxpayers. Now, he says he’s willing to …