Since the COVID-19 outbreak began, one-third of Americans have had to pull money from savings and retirement accounts in order to pay regular bills; 25 percent of American adults have struggled to make ends meet.
(Forbes) — Barron’s nails something important about this past week’s big bounce in stocks – he’s basically saying that all the fundamental and technical analysis you want can’t even touch the power of a mightily wrong estimate in terms of moving the markets. To wit, we did not have a “good” August jobs number, but […]
(Time) — A worrying economic question these days is the possibility of a return to negative GDP growth in the U.S, the dreaded double dip. If it happened it could pull much of the world back into recession, possibly triggering another round of financial crisis. Though all but a few consider this a low possibility, […]
(Wall Street Journal) — Personal income took a hit in most of the U.S. last year with the only gains coming from government support, according to new data from the Commerce Department. Income declined in 223 metro areas last year, increased in 134 and was unchanged in nine regions. Even though prices declined last year — […]
(Smart Money) — The U.S. economy will expand at a solid pace this year and next as consumers, confident that the recession is now behind them, raise spending again, a panel of economists said in a survey released Monday. The 46 economists surveyed in the National Association for Business Economics, or NABE, report between April […]
(Bloomberg Businessweek) — For the first time in half a decade, the U.S. tech industry in 2009 slashed large numbers of skilled workers from its payrolls. The findings, disclosed in a technology trade group’s annual analysis of employment and wage trends in the industry, could slow an overall improvement in the U.S. economy, the group concluded. […]