Markets around the world fell yesterday on news of disappointing US job growth, with most indexes in the US and Europe sinking at least 1%. The median forecast by analysts was 203,000 new jobs in March according to Reuters, while actual results were 120,000. For comparison, the past three months have exceeded 200,000 new jobs. … Continue reading
In case you haven’t heard, today the stock market took what may be the largest drop of the year, and is giving me nightmares of 2009. Basically, what has happened recently is that all of the positive news of the past few months has cycled through the stock market and been accounted for. The knowledge … Continue reading
So if you’ve seen the news recently, you’ve heard the big news: Obama has released his new spending proposal. Here are some details: Total Spending: $3.8 Trillion -Replaces the AMT with a “Buffet Rule” tax, where people with incomes over $1,000,000 will pay a 30% minimum tax. -increases the tax on dividends to the level … Continue reading
Hello All, As you may have noticed, I have decided to change the direction of this blog. I have realized that while economic news is important, between the protests in the Middle East, the US elections, and more, it obviously isn’t the only important thing in today’s world. So, I have decided to start including … Continue reading
Sorry for the late post, i’ve been incredibly sick the last two days. There have been more developments on the Greek front. http://www.reuters.com/resources_v2/flash/video_embed.swf?videoId=230006889&edition=BETAUS Protests are ravaging Greece right now, as the Greek Parliament is set to vote on an austerity package that would precede a bailout by the EU. Greece needs this in order to … Continue reading
In recent days, Ben Bernanke has gotten surprisingly political. In a Senate Budget Committee hearing, Bernanke stated that lawmakers must act fast and renew the Bush tax cuts. He argues that all the uncertainty will hold back markets and will keep businesses from making long term decisions, causing economic growth to stall. As he has … Continue reading
The 2012 election campaign has been under way for a while now, and I thought it would be worthwhile to write about it. This election very quickly became a battle over the economy, with the republicans trying to say that Obama’s doing a horrible job and Obama trying to prove them wrong. Mostly, the republicans … Continue reading
A lot has happened on the European front in recent weeks, so I figured now would be a good time to stop and take a look back. In Greece, we saw what could be described as somewhere between a stalemate and slow march towards solvency. The Greek populace and government have fought very hard against austerity … Continue reading
Today revealed some good news from the eurozone. In a half day summit, the EU agreed to a permanent rescue fund for the eurozone, which will help struggling states such as Greece and Portugal to pay off their debts and become solvent again. This will enter into force in July, a year earlier than planned. … Continue reading
