David Tepper’s strongly bullish argument for stocks carries a special punch. Tepper’s reasoning is simple but persuasive. If the economy picks up steam, stocks should continue to rally. A relapse, meanwhile, would provoke furth…
Officially underway since June 2009, the recovery has been tepid at best. The balance sheet of the average household is still straining under considerable debt, while incomes have barely risen, suggesting that the recovery has …
Initial jobless claims fell to a two-month low of 450,000, confounding analyst expectations.
Jobless claims dipped 3,000 in the week ending Sept. 11, the Department of Labor said. The revised figure for the previous week was 453,000.
Analysts polled by Reuters forecast claims rising to 460,000.
“The labor market is slowly getting back on track,” Ryan Sweet, a senior economist at…
Continue reading Jobless Claims Fall to Two-Month Low
Jobless Claims Fall to Two-Month Low originally appeared on DailyFinance on Thu, 16 Sep 2010 08:37:00.
According to a new report from UCLA, debt-slashing consumers and politically wary corporations will result in a slow recovery.
Continue reading U.S. Recovery Will Be Slower Than Previous Upturns
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Retail sales grew more than expected in August, as back-to-school discounts drew shoppers into stores. Grocery and gasoline sales were a highlight, but weak auto and housing sectors continued to weigh on sales, and middle-class…