Greenspan: ‘Markets Will Crater’ With Fiscal Cliff
Former Fed chairman says moderate recession is ‘cheap price’ of coming crisis.
PIMCO’s Gross, El-Erian Pessimistic on Jobs, Economy
After the Commerce Dept. released a report on the economy's sluggish 2.2% growth in Q1, PIMCO’s leaders share their concerns over outlook for remainder of the year.
GDP Grew 2.2% in Q1: Commerce Department
The GDP result, while showing slower growth than last quarter, suggests that the economy will continue to expand, slowly but steadily.
Holiday Sales Estimates Revised Up
Thanks to the happy circumstance of a legal holiday the day after Christmas, retailers are hoping that Monday will turn out to contribute to record holiday sales for 2011.
PIMCO’s El-Erian Calls U.S. Economy ‘Terrifying’
In the wake of failed deficit supercommittee negotiations, Mohamed El-Erian appears to be upping his rhetoric, telling Bloomberg Television that U.S. economic conditions are “terrifying” given that the nation is coming out of recession.
Winning and Losing States of America
The economic laboratories at work in the 50 states have produced disparate results according to new government data, and experts say the success of states like North Dakota and Utah and poor performance of Michigan and Nevada have national implications.
News Analysis: Are We in a Recession?
Consumer confidence plunged to two-year lows in August, stoking predictions and outright declarations that the economy has slipped into recession. The latest Consumer Confidence Index reading of 44.5 is lower than the 53.9 average for the 2007-2009 recession.
Personal Spending Surges Even as Confidence Sinks: News Analysis
What matters more: consumers’ actual spending or an intangible general mood based on survey data?
No Sign of QE3 From Bernanke as GDP Drops, Markets Rise
Markets rose Friday after Fed Chairman Ben Bernanke said he was 'optimistic' about the U.S. economy in a speech at Jackson Hold, Wyo., and signaled that the Fed had no plans for a third round of quantitative easing.
Real Estate Rebound? Weak Housing Data Hides Seeds of Hope, Analyst Says
While this week has produced mostly grim news in the housing sector, a top real estate industry consultant offers a far more encouraging big-picture view of the key economic sector.