Category Archives: Economy

The most reliable recession indicator has been deteriorating

From Yahoo! Finance today, written by Scott Gamm The most accurate gauge of recession risk is starting to show signs of weakness. Weekly initial claims for unemployment insurance rose to a six-month high of 234,000 for the week of Thanksgiving, an increase of 10,000 from the prior week.  This is the third week in a row of increasing…
Read more

Federal Reserve Cuts Stimulus As Expected

By Jonathan Spicer and Jason Lange WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday announced a further $10 billion reduction in its monthly bond purchases as it stuck to a plan to wind down its extraordinary stimulus despite recent turmoil in emerging markets. Fed Chairman Ben Bernanke, who hands the central bank's reins to…
Read more

Senate Close To Ending Shutdown And Increasing Debt Ceiling

It looks like the Senate leaders are finally getting close to ending the two week long government shut down and once again increasing the nations debt ceiling.  While the government shutdown has only affected about 15% of the operating government programs, it's put a big black eye on bickering members of the Senate.  The media…
Read more

Bernanke Announces QE3 In A Big Way

Ben Bernanke announced today that QE3 (Quantitative Easing 3) would be an open-ended round of buying mortgage securities and keeping rates between 0% and 0.25% through mid-2015. This move is the biggest and boldest of all the easing the committee has done yet. Unlike QE1 and QE2 where there were limits set to how much…
Read more

August Jobs Report Worse Than Expected

One headline for the August jobs report today read, "US economy added 96,000 jobs in August and the unemployment rate fell to 8.1%". Well that sounds pretty good, until you look deeper into the numbers to see what it really meant. Economists were expecting 125,000 new jobs in August which would have been much better.…
Read more

Bernanke Plans to Continue Easy Policy

This morning Ben Bernanke spoke to the National Association for Business Economics and stated that the Central bank will continue it's supportive policy even as unemployment rates decline.  He said that the U.S. economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further.  In other words,…
Read more

I Would Like To Raise My Debt Limit

This is a satirical video that explains our Federal debt and spending situation very well. Funny, but frightening. Most of us would like to slap someone like this up side the head. But this is exactly what our government is doing right now. I would love to hear your comments and feedback.
Read more

Thanksgiving Dinner Will Cost You More In 2011

Thanksgiving dinner will cost American families more in 2011, by about 13%, according to the American Farm Bureau Federation.  This is a much higher inflation rate than what the Consumer Price Index (CPI) would lead us to believe.  The most recent CPI rate showed an annual inflation rate of 3.5% for all items in the…
Read more