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VIDEO: 'A' For Effort - El-Erian
PIMCO C.E.O. says the U.S. will reach double digit unemployment earlier. El-Erian also says he will give Treasury Secretary Geithner and Fed Chief Ben Bernanke an 'A' for their efforts to revive the credit markets.
Pompous Prognosticators 2004-2009
In 2001, Colin Seymour published an article entitled 1927-1933 Chart of Pompous Prognosticators.
To reappoint Bernanke or not?; Cyber attacks on big U.S. sites;...
As the White House begins to ponder whether to reappoint or replace Ben Bernanke when his term expires in January, the Federal Reserve chairman's standing on Wall Street is on the rise while attacks on him from Congress mount.
U.S. mortgage rates drop to 5.2 percent
July 9 -- Mortgage rates in the U.S. fell for a second consecutive week, easing concern that a Federal Reserve plan to lower the cost of home loans had lost momentum.
White House Weighs Bernanke's Future
With Federal Reserve Chairman Ben Bernanke's term expiring in January, the White House faces a big decision on whether to reappoint him.
5 Things That Could Kill the Housing Recovery
Everyone from Alan Greenspan all the way down the economic food chain agrees the housing market is the key to a U.S. recovery.
Where'd the Rally Go? 5 Signs to Watch Now
The market plunged 2.5% in one trading session just two days into the third quarter.
Wall Street likely "boring" in 2nd half of 2009
Although Wall Street rebounded strongly and posted a three-month rally from March to May after raching 12-year lows March 9, analysts expect the U.S. equity market to be boring in the second half of 2009.
Cycle of rising unemployment, foreclosures and bankruptcies raising economic stress
California, Michigan and South Carolina suffered the most financial pain in May as unemployment, home foreclosures and bankruptcies rose, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.
EIU: Green shoots may be a false dawn
PREDICTIONS of an early economic recovery may be a false dawn because they are mainly due to government spending and company restocking, an economist with the Economist Intelligence Unit said.
Book reviews: A hit and a miss on the mortgage crisis
Busted: Life Inside the Great Mortgage Meltdown By Edmund L. Andrews W. W. Norton, New York: May 2009 Hardcover, 240 pages, $25.95, 240 pages Gimme Shelter By Mary Elizabeth Williams Simon & Schuster, New York: March 2009 Hardcover, 336 pages, $26.00 If there is anybody who should have avoided the mortgage catastrophe, it is me.
Bernanke, Madoff represent independence and freedom, or lack thereof
I'd like to start this week by making some clarifying points about last week's column in which I expressed concern over Congress' treatment of the chairman of the Federal Reserve.
Don't bet on a China-led recovery
So you think China's 6 per cent growth will power a global recovery. Think again.
Data show what job hunters already know
WASHINGTON Mounting job losses rattled hopes Thursday that the economy is on track to grow later this year, showing that prospects for American workers are terrible and still getting worse.
Surveying A Chaotic Regulatory Landscape
With various bills intending to reshape how the insurance industry is regulated now advancing in both houses of Congress, Leigh Ann Pusey stepped into the legislative equivalent of a maelstrom when she became president and CEO of the American Insurance Association in February.
Mountain of Debt: Rising debt may be next crisis
The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all.
Jobless rate soars to 26-year high
Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent.
As economy drops jobs, paychecks drop some weight
Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They're making less money.
California's Default Is Certain
"Sell all California paper now!" says Martin Weiss. Sounds like good advice. The petty, brain-dead politicians in California are still engaged in their suicidal, ideological stand-off. Thus, there is absolutely no reason to believe the state has either the will or the sense to take any meaningful steps to come up with the mandatory $24 billion in ...
Mortgage rates drop to 5.32 percent
July 2 -- Mortgage rates in the U.S. fell this week, easing concern the Federal Reserve plan to lower rates by purchasing mortgage-backed securities was losing momentum.