US housing data, sturdy jobs market buoy growth outlook - Reuters

WASHINGTON Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy. While other data on Thursday showed an unexpected increase in ...

Thursday, May 28, 2015

Grand Central: In Search of Lost Inflation - Wall Street Journal (blog)

The most recent figures available show that the annual rate of inflation across 34 developed economies was just 0.6% in March, well below the 2.0% level targeted by many central banks. In less than half of those countries, consumer prices were lower ...

Thursday, May 28, 2015

Trans-Pacific Trade Pact Highlights the Political Power of the Affluent - New York Times

The Trans-Pacific Partnership trade deal making its way through Congress is the latest step in a decades-long trend toward liberalizing trade — a somewhat mysterious development given that many Americans are skeptical of freer trade. But Americans ...

Wednesday, May 27, 2015

The Federal Budget: Constraints Limit the Options - American Institute for Economic Research

How the federal government collects and spends money has changed substantially over the years. Policy decisions made many years ago influence federal outlays today in important ways. Because of changes in the structure of the budget, the annual ...

Tuesday, May 26, 2015

The Top 10 Reasons You Should Really Be Angry About The Federal Budget - Forbes

This is not just another anti-Washington rant To the contrary, I've been involved with federal budgeting debate for almost 40 years from well inside the beltway and I've never been angrier about what's happening…and not happening…than I am now.

Tuesday, May 26, 2015

Scaling Customer Experience In The Sharing Economy - Forbes

There are many benefits of the sharing economy–for example the charm of renting an AirBNB over a hotel, hiring an actual chef to cook for you and your friends, or even buying handmade clothes. The diversity of products and services–and competitive ...

Tuesday, May 26, 2015

What the Supreme Court's fixes for retirement savings may do to your 401(k) - MarketWatch

Chuck Jaffe explains three ways Tibble vs. Edison International could change retirement savings. See full story. 7 cars that people can't wait to trade in. On average, a new car buyer in the U.S. keeps the car for more than 11 years. But here are seven ...

Monday, May 25, 2015

Forget Q1 GDP, look at these indicators: Experts - CNBC

Weak first-quarter gross domestic product growth fails to accurately portray current U.S. economic health, economists told CNBC on Thursday. The economy grew at an annualized rate of 0.2 percent in the first quarter, the Bureau of Economic Analysis ...

Thursday, May 21, 2015

Virtual Reality: The Next Big Advertising Medium Is Here - Forbes

Virtual reality is scarcely more than an expensive toy today, but advertisers are already salivating over the possibilities of reaching people with commercial messages while they're immersed in their Oculus Rift headset. That also sounds like an ...

Thursday, May 21, 2015

Bad Credit? Banks Want To Give You Credit Cards - Forbes

Today, TransUnion released credit card industry origination data for the last three months of 2014, and the results are startling. In a country that is already heavily saturated with plastic, 14.41 million new cards were opened in Q4 2014, an increase ...

Wednesday, May 20, 2015

Q1 2015 U.S. Banking Review: Net Interest Margin - Forbes

The share prices of U.S. banks took a hit over trading last Friday, May 15, after a string of indicators showed that the U.S. economy was losing momentum. Interestingly, reports of a decline in retail sales, industrial production as well as consumer ...

Wednesday, May 20, 2015

The Amateur Investor: How to Start Saving Money - Forbes

It's never too early or too late to start saving and investing , and every adult should be doing both. In fact, the sooner you get started, the better your chances are of being able to retire at a good time and have the money you need to maintain your ...

Tuesday, May 19, 2015

Wrong Ways Consumers Choose to Pay off Credit Card Debt - MainStreet

Do not get a home equity line of credit to pay down your credit card debt. Homeowners could wind up having a home where it is negative in equity, which means you owe more of the property than it is worth,” says Paul Kuzmickas, a bankruptcy attorney ...

Tuesday, May 19, 2015

Just in Time for Memorial Day: Higher Gas Prices - TIME

Drivers are paying more to fill their gas tanks ahead of the Memorial Day this weekend. The national average price at the pump is rising just in time for the three-day weekend, when many people go on road trips. The cost of regular gasoline has risen ...

Monday, May 18, 2015

Are Americans saving too much of their money? - Fortune

As a recent report from Oxford Economics notes, “economists of every school have always recognized savings as the source of investment that fuels an economy's long term growth.” Saving up and investing at home creates the fuel for economic growth down ...

Wednesday, May 13, 2015

US Records Biggest Budget Surplus in 7 Years - ABC News

A flood of tax payments pushed government receipts to an all-time high in April and left the country with the largest monthly budget surplus in seven years. In its monthly budget report, the Treasury Department said Tuesday that the April surplus ...

Tuesday, May 12, 2015

Rising inflation could be the stock market's saving grace - MarketWatch

Of course, no one likes the concept of inflation. It is considered to be a negative in almost every consumer circle, but one thing that high inflation rates are almost always accompanied by is higher earnings on a corporate level, higher fixed asset ...

Tuesday, May 12, 2015

TRAIL TRANSLATOR: A look at income inequality (and a quiz) - U.S. News & World Report

FILE - In this May 6, 2015, file photo, Democratic presidential candidate Sen. Bernie Sanders, I-Vt., speaks during a news conference on Capitol Hill in Washington. Of all the buzzwords and phrases popping up early in the presidential campaign, “income ...

Tuesday, May 12, 2015

The slow-moving game of oligopoly - TradingFloor.com

The automotive industry is distinctive because of its extremely concentrated firm structure: a small number of giant companies exert an extraordinary amount of power over smaller firms. In short, it is an oligopoly. Ten lead firms from five countries ...

Monday, May 11, 2015

Jobs Report: U.S. Added 223000 Jobs In April As Unemployment Rate Ticks ... - Forbes

The Bureau of Labor Statistics reported Friday morning that U.S. non-farm employers added 223,000 jobs in April, bringing the unemployment rate down to 5.4% from 5.5%. The BLS also said Friday that employers added just 85,000 jobs in March, down from ...

Friday, May 08, 2015

Credit Is Slowing GDP Growth - Nasdaq

The lubricant for economic growth in consumer economies has been credit. My position is that credit cannot grow forever at a rate faster than economic growth as it will constrain the future GDP growth rate.

Friday, May 08, 2015

How Millennials' Money Habits Could Shake Up The Financial Services Industry - Forbes

Given that Millennials are projected to inherit at least $41 trillion through mid-century, their financial behaviors have the potential to redefine financial services and transform how financial services companies interact with their customers ...

Thursday, May 07, 2015

Good News on College Costs: U.S. Student Loan Rates Soon to Drop - Bloomberg

In a rare bit of good news for students facing hefty college bills, interest rates on federal student loans are expected to head lower soon. Rates on U.S. student loans are on track to drop by half a percentage point for the upcoming academic year when ...

Wednesday, May 06, 2015

New Ways to Invest in Small Businesses - TIME

He wants to invest in small companies so much that we've set up a “fun money” account, which is 10% of his otherwise well-diversified, passively managed portfolio. “Fun money” is specifically set aside so that he can make individual investments he ...

Tuesday, May 05, 2015

5 Ways to Save Money as a New College Graduate - U.S. News & World Report

New money management tasks can range from paying off student loan debt to handling the first relatively decent salary in your life. Transitioning into this new phase of life doesn't have to be overwhelming, though. In fact, there are many easy ways to ...

Monday, May 04, 2015

The cornerstone of Obama's trade policy isn't only about economics - Business Insider

In the early postwar decades, America encouraged trade with Europe and Japan — allowing more of their exports into the United States — as a way of achieving our political goals. Trade would build their prosperity, and their prosperity would promote ...

Monday, May 04, 2015

Job market for college grads improving - The Detroit News

Still, the optimism is tempered by the fact that job opportunities for graduates today are nowhere near pre-recession levels. Ward, whose degree in finance means he is entering a field with growing demand from employers, said his friends graduating ...

Sunday, May 03, 2015

As sequester continues, pressure mounts for Congress to pass a better budget ... - Fox News

The House of Representatives adopted the final version of the budget Thursday -- only that might not be the one it needs. The vote was 226-197 with just 13 GOP defectors. All Democrats voted nay. The 13 Republican noes represented a blend of moderate ...

Sunday, May 03, 2015

GM to Invest $5.4 Billion to Modernize Factories - New York Times

The company said that Michigan plants in the cities of Pontiac, Lansing and Warren will receive new equipment as part of the overall modernization program. G.M. said the Lansing investment, in particular, would help the factory there retain 1,900 jobs.

Thursday, April 30, 2015

US economy cools in first quarter - CNNMoney

The Fed releases its statement Wednesday afternoon, but it's not expected to raise rates in April. In fact, given the lukewarm GDP figure, the central bank won't raise rates in June, economists argue. They say there simply isn't enough positive news ...

Wednesday, April 29, 2015