Martin Hutchinson writes: Federal Reserve Chairman Ben Bernanke may think he has everything under control, but the truth is the monetary ground is literally shifting beneath our feet. That's why his loose monetary policy has some U.S. states looking to get into the gold coin business.
Originally from The Market Oracle
CHATTANOOGA, Tennessee (Reuters) The U.S. economy is unlikely to slip back into recession, and an improvement in recent indicators has been encouraging, Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday.
Originally from Reuters: Business News
NEW YORK (TheStreet) -- Tanking factory activity in the mid-Atlantic region helped send the Dow down 500 points at the low Thursday morning, and has increased pressure on Federal Reserve Chairman Ben Bernanke to step in to help America's ailing economy.
Manufacturing activity in the Philly region for July plunged to a -30.7, according to the latest survey by the Philadelphia Federal Reserve. The reading massively missed expectations. Consensus estimate was only looking for the index to slip to a reading of 1 from 3.2 in the prior month. Briefing.com only was predicting a decline to 0.
The latest reading of factory activity is comparable to the level seen in the spring of last year. New orders sunk to a low last seen in March 2009 and the reading on the employment component in the overall index retracted to October 2009 levels. ...
Originally from TheStreet
WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan on Sunday downplayed the risk of a double-dip recession in the United States, saying its domestic economy was in better shape compared to its European peers.
Originally from Reuters: Business News
Martin Hutchinson writes: Despite what U.S. Federal Reserve Chairman Ben S. Bernanke said in his speech at the International Monetary Conference yesterday (Tuesday), it looks very much like we're headed for a double-dip recession. Indeed, the economic reports of the last week or so demonstrate that the U.S. job machine was never really jump-started after the Great Recession of 2008-09.
Originally from The Market Oracle
The New York Federal Reserve recently updated its “Probability of U.S. Recession Predicted by Treasury Spread” with treasury yield data through May 2011, and the Fed’s recession probability forecast through May 2012. The NY Fed’s Treasury model uses the spread between the yields on 10-year Treasury notes (3.17% in December) and 3-month Treasury bills (0.04%) to calculate the probability of a U.S. recession up to twelve months ahead (see details here).
The Fed’s model (data here) shows that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
Originally from DailyMarkets.com
While Bernanke continues to deny the potential of an economic downturn and tries to convince the market that he can save the economy with his impotent monetary policy, reliable and trustworthy economists like Robert Shiller say the Fed is out of bullets and the risk of a double dip is “imminent”:
Originally from Daily Markets
Robert Shiller talks about the sharp falloff in home sales, the likelihood of a double-dip recession and what the Fed should do to stimulate the economy. The Big Interview
Originally from WSJ.com: Economy
Robert Shiller talks about the sharp falloff in home sales, the likelihood of a double-dip recession and what the Fed should do to stimulate the economy. The Big Interview
Originally from WSJ.com: Economy
Robert Shiller talks about the sharp falloff in home sales, the likelihood of a double-dip recession and what the Fed should do to stimulate the economy. The Big Interview
Originally from WSJ.com: Economy
Articles and Discussions on The Federal Reserve
