Consumer outlays increased at the best pace in about four years — providing some hope that the expansion can continue. The rise from the second-quarter rate of 1.7% was in line with economists’ expectations. Soaring imports w…
The noted economist writes in a Financial Times editorial that Obama did plenty to stave off a depression. But his administration is already too timid about further stimulus, and once the GOP gains power in Congress, the policy…
Bernanke’s zero-interest-rate policy is backfiring. Only the wealthy benefit from rising financial assets, as average Americans take on more debt. Worse, risky speculation is again being rewarded.
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Analysts lately have loudly proclaimed the end of the dollar, leaving investors looking to stay ahead with a choice of betting on stocks, which have 17% fallen in the last decade, or staying “safe” in very low-yield money marke…
Even as consumers celebrate lower prices, economists fear that widespread price decreases signal more problems ahead for the U.S. economy.
To show the breadth of price declines, we’ve compiled a list of popular products that h…