Articles

Selected category: US Govt and Economy

I've been very pessimistic on the US economy for most of the last 9 months, but Scott Brown's victory leads me to believe that we entering a new period of growth and stability.

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St Louis Fed President James Bullard says that rates will remain low for some time. For those hoping that short-term savings and cd rates will increase anytime soon - forget about it. "Policy rates are near zero in the U.S. and the... Read →

The US economy shed 85,000 jobs, more than expected by analysts in a sign that the US job's picture has still not fully turned the corner.

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Some feel the economy is not moving forward as was thought, but it's hard to argue against some of the data that just keeps coming out; like jobless claims for example.

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Since it's the last day in 2009, I thought it sense to take stock of the past year and post a few bonus charts to help digest what has gone on. Let's start with the general theme for 2009. If you're a deposit holder or living... Read →

It is tough to keep up with the market and all the news that gets released each week, even for the professionals. Every month we are given economic data in the form of indicators and these indicators help get a read on the econoomy.

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Last night, Bank of America announced that Brian Moynihan was selected by the board to become the next CEO. I was particularly interested in this because I worked for five years at Fleet when he led several groups there, including one that... Read →

One needs to only go to the local store or check retail commodity prices online to realize that there are no inflationary pressures at the moment.

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Inflation remained relatively tame last month as consumer prices rose 0.4% according to the Labor Department. Core prices, which exclude energy and food were flat.

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Take a look at the new legislation and weigh in on the debate regarding new laws giving the government and the people more say and control over big business.

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Major World Bank, Bank of America Merrill Lynch, Morgan Stanley and others weigh in on the economy for 2010.

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Spread in Treasuries signal more fears of inflation and concern over record pile up of debt due to Obama's spending programs.

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Pimco's Bill Gross says the Fed's monetary policy is designed to reinflate the economy by forcing investors to deploy their money into riskier investments. Investors are stuck in a catch22 - move money into riskier investments and potentially lose it; or keep it in low yielding accounts.

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Several Fed officials made speeches yesterday reiterating their support for keeping rates at 0% for the foreseeable future. They cite unemployment, unused capacity, and low inflation. I did a quick search and found that this is precisely... Read →
Former Bank of England policymaker William Buiter says that investors should shun Treasuries because it is almost certain the US will have to raise rates next year. In an interview with Bloomberg Radio, he said: "Rates will have to... Read →