Articles About Economics

Author:
Tom Silva
Posted:
12.12.2012

The World in 2030

By 2030, no country—whether the US, China, or any other large country—will be a hegemonic power. So opens a new study, by the National Intelligence Council. The product of 4 years of research, the report offers a number of pronouncements: A return to pre-2008 growth rates and previous patterns of rapid globalization looks increasingly unlikely, […]

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Author:
Renata Pasmanik
Posted:
12.10.2012

US Banks Resurgent

Banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported income of $37.6 billion in the third quarter, a 6.6 percent improvement over third quarter, 2011. This is the 13th consecutive quarter that earnings have registered a year-over-year increase. The other big news —  the decline in the number of banks on […]

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Author:
Tom Silva
Posted:
12.04.2012

Black Friday Sales Bring Holiday Cheer to Nation’s Retailers

Black Friday holiday sales set a record in 2012 with 247 million shoppers visiting the malls or shopping online. That’s 21 million more people than in 2011.  Total sales topped $59.1 billion.  The typical holiday shopper spent $423 over the weekend, a $25 increase over the $398 recorded last year.  The National Retail Federation (NRF) […]

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Author:
Tom Silva
Posted:
11.26.2012

October Job-Creation Numbers Show Slight Uptick

The October employment report won’t blow anyone out of the water, but showed a modest improvement that caused many to breathe a sigh of relief.  According to the Department of Labor, 171,000 jobs were added in October – the highest number since February.  Retailing (up 36,000); healthcare (up 31,000) and business services (up 51,000) showed […]

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Author:
James I. Clark III
Posted:
11.13.2012

QE3 A Boon to CMBS

If history repeats itself, QE3 will be good for commercial mortgage-backed securities (CMBS). The Fed’s third round of quantitative easing – which is purchasing $40 billion of residential mortgage-backed securities (RMBS) each month from Fannie Mae and Freddie Mac – will free up money for the commercial real estate market and lure investors away from […]

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Author:
Tom Silva
Posted:
10.29.2012

The Truth About Those Unemployment Numbers

The nation’s unemployment rate fell to 7.8 percent in September, the lowest level reported since January of 2009.  That is a 0.4 percent decline from the 8.1 percent reported for the previous month, yet represents a slight hiring slowdown after the Department of Labor revised the July and August numbers upwards by 86,000.  A total […]

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Author:
Richard Gatto
Posted:
09.10.2012

Want to Feel Better About the Economy? Take a Look at the Rest of the World

There is no doubt that America needs to get its economic mojo back: in the 2nd quarter its GDP grew at an annualized rate of 1.7 percent, according to revised figures published on August 29th.  That growth number is down from two percent in the 1st quarter and 4.1 percent in late 2011. But, anyone […]

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Author:
Pat Gallagher
Posted:
08.14.2012

US Banks Lending Again

US banks are finally opening their purse strings according to The Federal Reserve’s quarterly senior loan officer survey. Who’s getting loans? Large companies, people with decent credit applying for auto loans or credit cards and also people buying homes. There are a number of reasons for why the banks are feeling more confident: less competition […]

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Author:
James I. Clark III
Posted:
08.13.2012

Cyber Threats to Our Economy

All of Wall Street is abuzz about stock brokerage Knight Capital which was brought to the edge of bankruptcy by a software glitch. Seventeen-year old Knight is one of the most trusted trading intermediaries for many of America’s largest mutual-fund companies and retail brokers. It could have all ended when, on August 1st, a software […]

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Author:
Tom Silva
Posted:
08.02.2012

Could Wall Street Save the Housing Market: Part 2

My recent column on the Huffington Post reported on the advent on Wall Street into the housing market as companies like Blackstone and Colony Capital commit billions of dollars to bulk buying bank-owned (REO) single-family homes. I agree that there are pros and cons to this program. The clear source of popular resentment is that […]

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