A new report from the Philadelphia Fed shows America’s manufacturing sector is strongly bouncing back. Not only are firms reporting booming activity, strong shipments of goods and more unfilled orders, but jobs are being create…
Some investment strategists say it’s unwise to “fight the Fed.” And right now, Chairman Bernanke wants investors to move into riskier assets, particularly stocks. But these strategists also point to pitfalls if investors aren’t…
China reported much higher-than-expected inflation in October as a jump in food costs drove its CPI to a 25-month high. The government will surely try again to further slow economic growth and reach its economic targets.
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It’s clear the U.S. economy is suffering from a lack of demand. So, this poor report will likely bolster Fed officials who want to keep interest rates low and employ more quantitative easing.
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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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