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
Once again, some good news and some bad news. The good news is that confidence in the economy among business leaders has risen. In a recent survey by the National Association for Business Economics (NABE), business leaders were asked many questions regarding the economy. These included questions about GDP, unemployment, and more. The results were very … Continue reading
Today, the Federal Reserve released figures for outstanding consumer credit in the month of November that offer some mixed signals for the economy. According to the Fed, outstanding consumer credit increased by $20.37 billion, the greatest increase since November 2001. Revolving credit accounted for over a quarter of that increase, and has increased for the … Continue reading
