While President Obama is out on the campaign trail talking about how bad things were four years ago, and how we have to go “forward” to his second term to see just how great things are going to be in the next four years, the biggest problem he’s got is the here and now. (more)
Economic Investment adviser Kevin Freeman has a frightening message, he says, and we’re running out time to listen. Freeman, the author of Secret Weapon: How Economic Terrorism Brought Down the US Stock Market and How it Can Happen Again, warned The Daily Caller that America could find itself on the receiving end of a Pearl Harbor-like attack from financial terrorists who wage economic warfare instead of carrying out suicide bombings (more)
Despite the disappointing jobs report for March, it’s very difficult to make a realistic case that the economy is falling off a cliff, or that some kind of double-dip recession is on the way. Or that a Ben Bernanke QE3 is likely. (more)
WASHINGTON (AP) — Federal Reserve policymakers appear less inclined to take further action to stimulate the economy. (more)
Citi’s Tobias Levkovich conducted a survey of big investors, wherein they revealed, among other things, their favorite stock market sector for the year (as well as their least favorite). (more)
Stocks closed sharply lower Monday after doubt emerged that last week’s historic agreement to bind the budgets of European countries more closely together will solve the region’s financial crisis. (more)
Big swings in the stock market can be confusing for investors. Should you buy or sell? Or do nothing? (more)
To their credit, the Wall Street protesters have identified a problem and wish to fix it. They observe, however incoherently, that people besides them have been getting exponentially wealthier in recent years. They point to Congressional Budget Office charts that show that average household income for the top percentile of Americans, adjusted for inflation, quadrupled between 1980 and 2007, while average income for the lower and middle classes remained flat. (more)
WASHINGTON (AP) — U.S. employers advertised fewer jobs in August than the previous month. Some may have pulled back on hiring plans in the face of wild stock market swings and renewed recession fears. (more)
The markets kicked off the day in the green following three straight days of gains as traders shrugged off modestly disappointing durable goods data and remained hopeful that European authorities would move to keep Greece from defaulting next month. (more)
Stocks collapsed roughly 700 points over two days after the Federal Reserve launched its “Operation Twist.” The market correctly perceives that the central bank’s plan to swap $400 billion of short-term notes for long-term bonds adds no new reserves to the financial system. So it wasn’t QE3, that’s for sure. No stimulus. In fact, with the Treasury yield curve flattening, the Fed’s sterilized asset swap actually tightened financial markets. (more)
NEW YORK (AP) — Stocks are rising as investors divide their attention between Europe’s precarious finances and a key Federal Reserve meeting. (more)
The debt crisis in Europe has finally, and officially, washed up on American shores. Last week, the mighty Federal Reserve moved to help European banks that have been having trouble finding people who are willing to lend them money. (more)
U.S. stocks are plunging on fresh fears that Europe’s debt crisis will tip the global economy back into recession. (more)
Stocks struggled for direction following a lower open Thursday after investors were disappointed by the weekly jobless claims report that showed a gain, while trade deficit rose less than expected. (more)
Stocks rose, rebounding from a four- day global slump that drove valuations to the lowest level since 2009, amid speculation President Barack Obama’s plan for more than $300 billion in economic stimulus will boost growth. Treasuries, German bunds and gold fell as the dollar snapped a six-day rally. (more)
NEW YORK (AP) — Stocks are rising in early trading after fewer people applied for unemployment benefits last week and retailers reported strong sales in August. (more)
NEW YORK (AP) — The mere discussion of more economic stimulus from the Federal Reserve was enough to send stocks higher Tuesday. The Dow Jones industrial average rose 20 points, its third day of gains. (more)
Stocks closed near session highs Tuesday, with the Dow posting its biggest gain in almost two weeks, despite a 5.8-magnitude earthquake in Virginia that shook parts of the U.S. East Coast and after investors shrugged off a handful of disappointing economic news. (more)
The stock market took another pounding Thursday, with the widely watched Dow Jones Industrial Average shedding 419.63 points to close at 10,990.58. (more)























