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Nearly every man who develops an idea works it up to the point where it looks impossible, and then he gets discouraged. That's not the place to become discouraged.
Thomas Edison Categories
Tag Archives: recovery
Markets are more predictable than you think
The markets may be rational after all.
The threat of severe nuclear contamination from a breached Japanese nuclear reactor still looms. The outcome of the escalating war in Libya is uncertain. Yet The Standard & Poor’s 500 index ended the week up 2.7 percent. The Dow Jones industrial average rose 3.1 percent. So what happened to all that headline-driven volatility from two weeks ago? Read More
IMF warns against currency wars
The head of the International Monetary Fund is warning countries against devaluing their currencies in order to boost exports.
Speaking Saturday, October 2, at an economic conference in the Crimean Black Sea resort of Yalta, Dominique Strauss-Kahn said that such measures could threaten recovery from the global economic crisis . . . read more Read More
US consumer confidence drop hits stocks
Renewed fears about the pace of the U.S. economic recovery hit stocks Friday, September 17, after a survey showed consumer sentiment fell to its lowest level in over a year.
The University of Michigan reported that its main consumer sentiment index slipped to 66.6 in September from August’s 68.9 . . . read more Read More
Fed chief focused on keeping recovery alive
Federal Reserve Chairman Ben Bernanke heads to Congress Wednesday, July 21, with a message of reassurance: The Fed stands ready to take new steps to bolster the recovery if the economy worsens.
The Fed chief kicks off back-to-back appearances on Capitol Hill at a delicate time for the economy. The recovery, which had been flashing . . . read more Read More
Unemployment aid won’t be enough to boost recovery
For jobless Americans struggling to pay their bills and keep their homes, the restoration of unemployment benefits could keep their crisis from getting worse . . . read more Read More
Summary Box: Joblessness drops in 39 states
UNEMPLOYMENT FALLS: The unemployment rate fell in 39 states and Washington, D.C., in June, the
most states to show a drop this year. While that’s a positive sign, it occurred mainly because more people gave up searching for work . . . read more Read More
Gloomy investors ignore plump profits, dump stocks
Profit is so boring.
That’s one way to characterize investors’ suddenly blase view of Corporate America’s single most important figure. Earnings gushed last week like oil from the ruptured BP well and were greeted like the same gooey mess. . . . read more Read More
A tale of 2 employment surveys, at a glance
The economy lost a net 125,000 jobs in June — the first monthly loss this year. Yet the unemployment rate fell to 9.5 percent from 9.7 percent.
How did that happen? It’s because of how the government calculates who’s employed and who isn’t. . . . read more Read More
Bernanke says recovery on track despite headwinds
The European debt crisis is likely to have only a “modest” impact on the U.S. economic recovery as long as Wall Street stabilizes, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday, June 9.
Testifying before the House Budget Committee, Bernanke struck a more confident tone that the recovery will remain intact despite problems in Europe as well stubbornly high unemployment and a fragile housing market here at home.
“The economy … appears to be on track to continue to expand through this year and next,” Bernanke said.
However, the pace of the expansion — 3.5 percent this year by the Fed’s estimate — won’t be strong enough to quickly bring relief to the 15 million Americans who are unemployed. . . . read more Read More
Small businesses still searching for the recovery
Small businesses are still waiting for the economic rebound that’s enabled larger companies to obtain low-interest credit and to boost exports and production in recent months.
Smaller companies aren’t much more optimistic than they were in the depths of the recession, according to a survey released Tuesday by the National Federation of Independent Business.
That pessimism is slowing job creation and likely weakening the recovery . . . read more Read More
Bernanke confident on recovery; warns on deficit
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that he has confidence the unfolding economic recovery will have staying power, although it won’t be strong enough to bring quick relief to high unemployment.
Bernanke, testifying before Congress’ Joint Economic Committee, also once again called on lawmakers and the White House to come up with a plan to whittle down record-high budget deficits.
Even though sizable deficits right now are “unavoidable” given the damage wrought by the recession . . . read more Read More
Fed survey: Recovery is spreading; jobs still weak
The economic recovery is spreading to most parts of the country. Merchants are seeing better sales and factories are boosting production, but many companies are still wary of ramping up hiring, the Federal Reserve reported Wednesday.
The Fed’s new survey is consistent with chairman Ben Bernanke’s view that a modest recovery is unfolding, although it won’t be strong enough to quickly drive down unemployment now at 9.7 percent.
All of the Fed’s 12 regions — except for St. Louis — said “economic activity increased somewhat.” That was an improvement from the last Fed survey . . . read more Read More
The Rebound: Numbers tell story of market recovery
On March 9, 2009, it felt like the world was ending.
The Dow Jones industrial average had tumbled to a 12-year low of 6,547, and looked to keep plunging. A day later, Citigroup Inc. stopped the market’s drop with news that it was turning a profit. That began the stock market’s answer to the Great Recession: the Great Rebound . . . read more Read More
