Do Financial Advisors Need to Be Economists?
In their book “Big Picture Economics,” Joel Naroff and Ron Scherer tell the story of Greg Parker, who took the convenience store his father built and parlayed it into the Parker Companies.
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.
Weekly Jobless Claims Make Unexpected Jump
More people applied for unemployment benefits last week, the first increase in three weeks. Still, the broader trend points to a slowly healing jobs market.
Unemployment Dips to 8.9%, 192,000 Jobs Added
Employers hired in February at the fastest pace in almost a year, and the unemployment rate fell to 8.9% — a nearly two-year low.
Good Economic Signs: Retail Sales Rise, CEOs in Hiring Mood
A strong start to the holiday season is raising confidence that the consumer is back and that 2011 could be a better year for the economy than expected.
Import-Export Prices Rose in October; Jobless Claims Down in Week
A week after the midterm elections and the Fed's decision to pump more money into the economy, reports on import and export prices and jobless claims don't reflect the new reality.
The ‘Great Recession’ Is Over, Says Economic Research Bureau
Not only has the U.S. recession officially ended, but it ended way back in June 2009, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) announced Monday.
New Home Sales Plunge to Record Low; Durable Goods Up but Ailing
Sales of new single-family houses in July fell 12.4% to 276,600, the slowest pace of sales on record since 1963. July durable goods orders rose slightly, but the increase came mainly from airplane orders.