Economics & Economy articles

Summer scene in Jackson Hole, Wyoming.

Stocks rally as annual Jackson Hole confab on tap this week

Stocks rally as annual Jackson Hole confab on tap this week

WASHINGTON, August 18, 2014 – Irrational exuberance has returned in force to Wall Street, at least for today. The DJI is up around 170 points as of 1 p.m. EDT, while the S&P 500 is up a healthy 15 points and the tech-heavy NASDAQ is up a whopping 39. It would be nice to say

jobs

Jobs and stocks are up, so why the recession gloom?

WASHINGTON, August 15, 2014 – The July jobs numbers were good. According to the Bureau of Labor Statistics, total nonfarm payroll employment increased by 209,000. The unemployment rate remained at 6.2 percent — not great, but the best that it’s been since 2008. The Obama Administration hopes that you appreciate those numbers. We are recovering

New unemployment claims jumped again this week. (Image: CC 2.0)

Cisco [CSCO] cans 6,000, bad news good, stocks up for now

WASHINGTON, August 14, 2014 – Stocks were up sharply after this morning’s opening bell on Wall Street, but they’ve backed off to a little better than flatlining this morning with major averages up only about half a percent or so. Jobless claims were “unexpectedly” higher (no surprise to any millennial who’s been trying to get

Benito_Mussolini

Tea Party unpopularity and the gloom and doom of Mussolini’s status quo

WASHINGTON, August 14, 2014 — The Washington Post says President Obama’s unpopularity won’t factor large this November. More importantly, they take comfort that Obama’s harshest critics, the Tea Party, are out of favor with the political party expected to win big in November’s midterm elections. “A majority of … Republicans who don’t support the Tea Party

National debt clock in NYC

Zero based budgeting could solve government’s money woes

WASHINGTON, August 10, 2014 — Bloated government budgets at the local, state and federal level are causing problems in the U.S. economy. Most local and state governments require a balanced budget annually while the federal government is never required to balance its budget. On the federal level, for the past 50 years, annual government deficits have

Oasis Cafe, Stillwater, Minnesota, via Oasis' Facebook page.

Oasis Cafe, MN adds minimum wage ACA fees to customer tabs

STILLWATER, Minn., August 7, 2014 – Over the past several months, blue states and cities have been happily and heedlessly hiking the local minimum wage rates on companies large and small even as the spectre of Obamacare cost increases stalk businesses nationwide. Now the consequences are beginning to crop up, as a Stillwater, Minnesota restaurant

Aerial photo of Niagara Falls via Wikipedia. That's what the stock market felt like on Thursday.

Stocks still stumbling after Thursday’s waterfall decline

WASHINGTON, August 1, 2014 − U.S. stocks and the bulls that love them both hit the wall − hard − on Thursday. In a sickening, waterfall decline, all averages fell an average of 1 percent, seemingly out of the blue. But not really. The Russia-Ukraine situation continued to decline; Eurozone economies look to be facing

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