45 results
Search Results
2. WALL STREET'S MONEY MACHINE BREAKS DOWN.
- Author
-
Tully, Shawn, Adamo, Marilyn, Bergtraum, Lisa, Benner, Katie, Kaufman, Susan, Levenson, Eugenia, and Levinstein, Joan
- Subjects
MARKET volatility ,FINANCIAL services industry ,SUBPRIME mortgages ,SECURITIES industry ,UNITED States economy, 2001-2009 - Abstract
The article reports on the collapse of the subprime mortgage market and its continuing impact throughout the U.S. securities and financial services industry. The financial crises at major firms like Merrill Lynch and Citigroup are discussed, along with the impact on the value of the U.S. dollar and commodity prices.
- Published
- 2007
3. MAKING SENSE OF THE MADNESS.
- Author
-
Kowitt, Beth, Birger, Jon, and O'Keefe, Brian
- Subjects
UNITED States economy, 2001-2009 ,FINANCIAL crises ,RECESSIONS - Abstract
The article discusses whether the 2008 financial crisis will continue into 2009. The opinions of eight financial experts are presented on the matter including market experts Nouriel Roubini, Bill Gross, and Robert Shiller. Other topics include comparisons to the U.S. Great Depression and the destruction of over $30 trillion of paper wealth.
- Published
- 2008
4. TRASHING THE TAX CODE.
- Author
-
Tully, Shawn
- Subjects
TAXATION ,TAX reform ,FLAT-rate income tax ,CONSUMPTION tax ,ECONOMIC reform ,VALUE-added tax ,FISCAL policy ,UNITED States economy, 2001-2009 - Abstract
Discusses the tax reform options of U.S. President George W. Bush in his second term. View that a national sales tax, supported by some legislators, is not workable; Consideration of a flat tax, which would create a single rate for all income; Description of the consumption tax option, similar to Europe's value-added tax, which would replace income tax; View that such a system may lead to big government; Details of the most likely tax reform scenario in Bush's second term.
- Published
- 2004
5. The profitless recovery.
- Author
-
Fox, Justin
- Subjects
RECESSIONS ,CORPORATE profits ,CHIEF executive officers ,UNITED States economy, 2001-2009 - Abstract
Discusses the attitudes of chief executive officers (CEO) and investors in light of the perception that the recession which began in 2001 in the United States is at an end. Topic of how recessions are often followed by periods of growth and contraction; Growth of the economy which coincided with a fall in corporate profits; View that profits may not grow as fast as they did in the 1990s.
- Published
- 2002
6. WALL STREET'S MONEY MACHINE BREAKS DOWN.
- Author
-
Tully, Shawn, Adamo, Marilyn, Bergtraum, Lisa, Benner, Katie, Kaufman, Susan, Levenson, Eugenia, and Levinstein, Joan
- Subjects
FINANCIAL crises ,SUBPRIME mortgages ,COLLATERALIZED debt obligations ,UNITED States economy, 2001-2009 ,FINANCIAL services industry - Abstract
The article discusses the economic effects and fallout from the 2007 U.S. subprime mortgage crisis. Major U.S. banking and brokerage firms, including Citigroup Inc. and Merrill Lynch, lost billions of dollars in investments, driving down the value of the U.S. dollar, contributing to rising commodity prices, particularly oil, and harming the U.S. economy. The role of investments known as collateralized debt obligations in the financial crisis is discussed.
- Published
- 2007
7. The profitless recovery.
- Author
-
Fox, Justin
- Subjects
RECESSIONS ,CORPORATE profits ,CHIEF executive officers ,UNITED States economy, 2001-2009 - Abstract
Discusses the attitudes of chief executive officers (CEO) and investors in light of the perception that the recession which began in 2001 in the United States is at an end. Topic of how recessions are often followed by periods of growth and contraction; Growth of the economy which coincided with a fall in corporate profits; View that profits may not grow as fast as they did in the 1990s.
- Published
- 2002
8. BOB SHILLER DIDN'T KILL THE HOUSING MARKET.
- Author
-
Benner, Katie and Feldman, Casey
- Subjects
ECONOMISTS ,ECONOMIC forecasting ,REAL estate bubbles ,RECESSIONS ,UNITED States economy, 2001-2009 - Abstract
The article reports on Yale University economist Robert Shiller's observation of the U.S. economy, which he believes is improving. Shiller forecast the housing bubble in the year 2003 and the economic recession it caused. His company MacroMarkets, which he co-founded, hopes to create financial vehicles for hedging varieties of financial risks. Shiller's risk-averse personality, his help in developing the field of behavioral finance, and his professional ambitions are discussed.
- Published
- 2009
9. INSIDE OBAMA'S ECONOMIC CRUSADE.
- Author
-
Easton, Nina
- Subjects
PRESIDENTIAL administrations ,FINANCIAL crises ,UNITED States economic policy ,AMERICAN Recovery & Reinvestment Act of 2009 ,UNITED States economy, 2001-2009 ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the efforts of U.S. President Barack Obama and his staff, led by U.S. Treasury Secretary Timothy Geithner, to rescue the economy from the financial crisis. Topics discussed in the article include the economic stimulus package, the work of Obama's Economic Recovery Advisory Board, and the limited time Obama's team had to settle into their jobs once Obama took office.
- Published
- 2009
10. CEO in Chief.
- Author
-
Easton, Nina
- Subjects
FINANCIAL crises ,UNITED States presidential election, 2008 ,BUSINESS ,ECONOMICS ,UNITED States economy, 2001-2009 - Abstract
The article discusses the state of the U.S. economy in 2008, and the difficulties that will be faced by U.S. President-Elect Barack Obama as he tries to fix the housing market, create more jobs, solve the energy crisis, and fix the health care system. He has very little experience in business and economics, and spent much of his presidential campaign attacking business leaders and blaming them for the economic crisis, but after his election he has begun meeting with economic advisers.
- Published
- 2008
11. OSPRAIE IN A CORNER.
- Author
-
Demos, Telis
- Subjects
HEDGE funds ,INVESTMENT advisors ,PORTFOLIO management (Investments) ,COMMODITY exchanges ,FINANCIAL crises ,UNITED States economy, 2001-2009 - Abstract
The article discusses Dwight Anderson, manager of the Ospraie hedge fund. Anderson became one of the top performing fund managers in the world by working hard to successfully invest in commodities markets. When the 2008 financial crisis struck, his patient investing strategy worked against him. His investments were meant to be long term investments, but as the market dropped, investors sold their shares, forcing Ospraie to sell at a loss before the investments reached their potential.
- Published
- 2008
12. The New New Deal.
- Author
-
Sachs, Jeffrey D.
- Subjects
FINANCIAL crises ,FINANCIAL management ,FINANCIAL planning ,UNITED States appropriations & expenditures ,UNITED States economy, 2001-2009 - Abstract
The author reflects on the economic condition of the U.S. in 2008 and the capabilities of the government. He feels that 2008 U.S. presidential candidate Barack Obama will win the election but not be totally equipped to handle the problems facing the U.S. He believes that the most pressing problem with the U.S. is the collapsed financial sector and that the system needs to be revised.
- Published
- 2008
13. The Rise and Fall of Jimmy Cayne.
- Author
-
Cohan, William D.
- Subjects
BUSINESS failures ,CHIEF executive officers ,BUSINESS losses ,UNITED States economy, 2001-2009 - Abstract
The article is about Jimmy Cayne, former chief executive officer (CEO) of former financial service company Bear Stearns. Cayne won a national bridge championship in 1966 and hoped to play bridge as a career, but instead he found a job at Bear Stearns in 1969, and eventually became CEO in 1993. When Bear Stearns collapsed in March, 2008 during the U.S. banking and credit crisis, he lost approximately $1 billion.
- Published
- 2008
14. THE WOMAN WHO CALLED WALL STREET'S MELTDOWN AND WHAT SHE SEES NEXT...
- Author
-
Birger, Jon
- Subjects
ECONOMIC forecasting ,INVESTMENT analysis ,FINANCIAL analysts ,UNITED States economy, 2001-2009 - Abstract
The article is about Meredith Whitney, an investment analyst at Oppenheimer & Co. who predicted the 2007 and 2008 collapse of the U.S. banking and credit industry. She is married to professional wrestler John Layfield, and believes that the banking crisis will get significantly worse before it gets better. In October, 2007, she predicted that financial services company Citigroup Inc. would have to cut its dividend shortly before it did.
- Published
- 2008
15. OH, THE PEOPLE YOU'LL BLAME!
- Author
-
Eavis, Peter
- Subjects
SUBPRIME mortgages ,MORTGAGE brokers ,MORTGAGE loans ,MORTGAGES ,MORTGAGE-backed securities ,UNITED States economy, 2001-2009 - Abstract
The article assigns responsibility to numerous parties for the crisis in the U.S. involving subprime mortgages. Amateur real estate investors helped drive up prices in certain markets with ill considered purchases. Mortgage brokers arranged loans to people with questionable finances. Real estate appraisers assented to inflated house values.
- Published
- 2007
16. Is this where the Economy is headed?
- Author
-
Bernasek, Anna and Watson, Noshua
- Subjects
RECESSIONS ,UNITED States economy, 2001-2009 ,CONSUMPTION (Economics) ,JOB creation - Abstract
Alleges that a double-dip recession in United States is unlikely. View that a strong recovery is unlikely as well; Contention that the U.S. has a go-nowhere economy; The slowing of consumer spending and job creation; View that consumers will reduce spending enough to keep a slow growth that will not cause a recession; The sharp decline in household wealth; The credit squeeze affecting corporations.
- Published
- 2002
17. Cash Shelter From the Storm.
- Author
-
Levenson, Eugenia
- Subjects
FINANCIAL crises ,BANK failures ,MONEY market funds ,UNITED States economy, 2001-2009 - Abstract
The article reports on the financial crises in the U.S. In 2008 there have been a total of 13 bank failures with Washington Mutual being the largest. On September 18, 2008 primary fund, an old money market fund, had its net value fall under $1 a share. This caused investors to withdraw an estimated $120 billion from money funds.
- Published
- 2008
18. Investors Are in for a Shock.
- Author
-
Tully, Shawn
- Subjects
INVESTMENTS ,FINANCE ,RATE of return ,INVESTORS ,UNITED States economy, 2001-2009 - Abstract
The article presents the author's views on recent events in the world of investing. Recent comments made by Federal Reserve Chair Alan Greenspan, suggesting that investors are getting increasingly low returns on risky investments, are discussed. The author suggests that most investments right now are extremely expensive when compared to historical norms. It is the author's view that investors steer clear of real estate and fixed income.
- Published
- 2005
19. We're Not Turning Japanese.
- Author
-
Powell, Bill
- Subjects
UNITED States economy, 2001-2009 ,ECONOMIC conditions in Japan ,ECONOMIC activity ,STOCK exchanges ,ECONOMIC development - Abstract
Compares the economic conditions in the U.S. and Japan. Apparent stagnation of the U.S. stock market following a stock bubble; Concern that the U.S. could copy the failure of Japan to recover from a similar bubble; Argument that Japan is different because it is not a true capitalistic system; Government support which maintains many failed businesses in Japan.
- Published
- 2002
20. After the Fall.
- Author
-
BENNER, KATIE, CENDROWSKI, SCOTT, and JONES, MARTY
- Subjects
GLOBAL Financial Crisis, 2008-2009 ,UNITED States economy, 2001-2009 ,UNEMPLOYMENT ,STOCK prices ,FINANCIAL services industry - Abstract
The article offers a retrospective look at the 2008 global financial crisis and ensuing recession, as of 2013. It recounts events including the bankruptcy of financial services firm Lehman Brothers and the sharp drops in stock prices. It discusses aspects of the U.S. economy that have recovered and notes that unemployment remains relatively high. Related charts are included.
- Published
- 2013
21. BOB SHILLER DIDN'T KILL THE HOUSING MARKET.
- Author
-
Benner, Katie and Feldman, Casey
- Subjects
ECONOMISTS ,ECONOMIC forecasting ,REAL estate bubbles ,RECESSIONS ,UNITED States economy, 2001-2009 - Abstract
The article reports on Yale University economist Robert Shiller's observation of the U.S. economy, which he believes is improving. Shiller forecast the housing bubble in the year 2003 and the economic recession it caused. His company MacroMarkets, which he co-founded, hopes to create financial vehicles for hedging varieties of financial risks. Shiller's risk-averse personality, his help in developing the field of behavioral finance, and his professional ambitions are discussed.
- Published
- 2009
22. INSIDE OBAMA'S ECONOMIC CRUSADE.
- Author
-
Easton, Nina
- Subjects
PRESIDENTIAL administrations ,FINANCIAL crises ,UNITED States economic policy ,AMERICAN Recovery & Reinvestment Act of 2009 ,UNITED States economy, 2001-2009 ,UNITED States politics & government, 2001-2009 - Abstract
The article discusses the efforts of U.S. President Barack Obama and his staff, led by U.S. Treasury Secretary Timothy Geithner, to rescue the economy from the financial crisis. Topics discussed in the article include the economic stimulus package, the work of Obama's Economic Recovery Advisory Board, and the limited time Obama's team had to settle into their jobs once Obama took office.
- Published
- 2009
23. OSPRAIE IN A CORNER.
- Author
-
Demos, Telis
- Subjects
HEDGE funds ,INVESTMENT advisors ,PORTFOLIO management (Investments) ,COMMODITY exchanges ,FINANCIAL crises ,UNITED States economy, 2001-2009 - Abstract
The article discusses Dwight Anderson, manager of the Ospraie hedge fund. Anderson became one of the top performing fund managers in the world by working hard to successfully invest in commodities markets. When the 2008 financial crisis struck, his patient investing strategy worked against him. His investments were meant to be long term investments, but as the market dropped, investors sold their shares, forcing Ospraie to sell at a loss before the investments reached their potential. INSET: THE MORE THINGS CHANGE....
- Published
- 2008
24. CEO in Chief.
- Author
-
Easton, Nina
- Subjects
FINANCIAL crises ,UNITED States presidential election, 2008 ,UNITED States economy, 2001-2009 ,PRESIDENTIAL transitions - Abstract
The article discusses the state of the U.S. economy in 2008, and the difficulties that will be faced by U.S. President-Elect Barack Obama as he tries to fix the housing market, create more jobs, solve the energy crisis, and fix the health care system. His experience in business and economics is mentioned, as well as negative aspects of the presidential campaign. President-elect Obama has begun meeting with economic advisers.
- Published
- 2008
25. The New New Deal.
- Author
-
Sachs, Jeffrey D.
- Subjects
FINANCE ,CREDIT ,RECESSIONS ,UNITED States economy, 2001-2009 - Abstract
The author emphasizes the need to save the financial system in the U.S. He cites the measures that could be made by the government to save the financial system. He claims that opening credit markets can prevent a depression, it will not stop a recession in the country. He stresses the need to start the transition back to national saving.
- Published
- 2008
26. The New New Deal.
- Author
-
Sachs, Jeffrey D.
- Subjects
FINANCIAL crises ,FINANCIAL management ,FINANCIAL planning ,UNITED States appropriations & expenditures ,UNITED States economy, 2001-2009 - Abstract
The author reflects on the economic condition of the U.S. in 2008 and the capabilities of the government. He feels that 2008 U.S. presidential candidate Barack Obama will win the election but not be totally equipped to handle the problems facing the U.S. He believes that the most pressing problem with the U.S. is the collapsed financial sector and that the system needs to be revised.
- Published
- 2008
27. AMERICA ISN'T READY [HERE'S WHAT TO DO ABOUT IT].
- Author
-
Colvin, Geoffrey
- Subjects
UNITED States economy, 2001-2009 ,INTERNATIONAL competition ,ECONOMIC systems ,HUMAN capital ,INTERNATIONAL trade ,EDUCATION & economics ,INTELLECTUAL capital ,INTERNATIONAL markets ,HIGH technology & education ,LABOR economics ,EDUCATION ,RESEARCH & development ,EMIGRATION & immigration ,INFORMATION technology ,INTERNATIONAL economic relations ,ECONOMIC policy ,INTERNATIONAL business enterprises ,INTERNATIONAL economic integration ,INTERNATIONAL finance ,INTERNATIONAL relations ,COMPUTER science ,CONTRACTING out ,LABOR supply ,EDUCATIONAL technology ,ECONOMIC indicators - Abstract
Focuses on America's crisis of confidence and its anxiety over foreign competition. Question of whether U.S. workers can compete with those in China, India, South Korea and elsewhere; Topic of building human capital; Discussion of what is needed to make America stronger in a new economic world; Political forces that affect progress; Economic factors threatening Americans; The downward pressure on U.S. wages; Views of economists; Economic indicators; Issue of technological superiority; Observation that America has overhauled its economic system before; Suggestion that the U.S. needs to revolutionize its schools; Immigration reform; U.S. spending on research and development; Information technology infrastructure; Call for an American response to the global challenge.
- Published
- 2005
28. Is this where the Economy is headed?
- Author
-
Bernasek, Anna and Watson, Noshua
- Subjects
RECESSIONS ,UNITED States economy, 2001-2009 ,CONSUMPTION (Economics) ,JOB creation - Abstract
Alleges that a double-dip recession in United States is unlikely. View that a strong recovery is unlikely as well; Contention that the U.S. has a go-nowhere economy; The slowing of consumer spending and job creation; View that consumers will reduce spending enough to keep a slow growth that will not cause a recession; The sharp decline in household wealth; The credit squeeze affecting corporations.
- Published
- 2002
29. THINGS ARE LOOKING UP ….
- Author
-
Fox, Justin and Bernasek, Anna
- Subjects
UNITED States economy, 2001-2009 ,ECONOMIC recovery ,UNEMPLOYMENT ,FINANCE ,ECONOMIC expansion ,BUSINESS cycles ,RECESSIONS ,DOWNSIZING of organizations ,DISMISSAL of employees - Abstract
The U.S. economic recovery really is different--and that has a lot of people worried. Manufacturing is on the rebound. Corporate profits are up. So are retail sales. Other major economies are finally showing signs of economic life. However, U.S. economy employs 2.7 million fewer people now than it did when the recession started in March 2001. The layoffs continue: almost two million jobs have been lost since November 2001. Corporate decision-makers remain cautious. While the building industry lost jobs in 2001 but began adding them again once the recession was over, most Americans work in industries that have either spent the past three years steadily shedding jobs (manufacturing, computer consulting, call centers) or steadily adding them (health care, real estate, education). The concern is this: Serious job gains may be years off, and until then the consequences of sustained higher unemployment could ripple throughout the economy.
- Published
- 2003
30. Investors Are in for a Shock.
- Author
-
Tully, Shawn
- Subjects
INVESTMENTS ,FINANCE ,RATE of return ,INVESTORS ,UNITED States economy, 2001-2009 - Abstract
The article presents the author's views on recent events in the world of investing. Recent comments made by Federal Reserve Chair Alan Greenspan, suggesting that investors are getting increasingly low returns on risky investments, are discussed. The author suggests that most investments right now are extremely expensive when compared to historical norms. It is the author's view that investors steer clear of real estate and fixed income.
- Published
- 2005
31. Thanks for Nothing, Uncle Sam.
- Author
-
Sloan, Allan
- Subjects
UNITED States economy, 2001-2009 ,INTEREST rates ,HOME prices ,RETIREES ,SAVINGS ,AMERICANS ,FINANCE - Abstract
The article discusses how the U.S. government is spending trillions of dollars to keep interest rates low in order to aid the economy and stimulate housing prices. It explains how these low rates have inflicted indirect damage on the incomes of Americans who are trying to save money. Financial analyst Greg McBride states that the government is transferring money from savers and retirees to overly indebted borrowers. Statistics are given on the drop in prices of formerly safe investments which retirees usually favor.
- Published
- 2009
32. Stimulate Me!
- Author
-
Bing, Stanley
- Subjects
FINANCE ,FINANCIAL bailouts ,BANKING industry ,CONSUMERS ,MONEY supply ,UNITED States economy, 2001-2009 ,GOVERNMENT policy - Abstract
The article discusses the U.S. government bailout of the financial services industry in 2008-2009. The author indicates that the government would do more good if it gave money to the people to spend, rather than to the banks, who are not giving the money to consumers. Also discussed is the possibility of the U.S. government printing more money.
- Published
- 2009
33. High-Wire Act.
- Author
-
Sloan, Allan
- Subjects
FINANCIAL services policy ,FINANCIAL crises ,REGULATED industries ,BANKING industry ,UNITED States economy, 2001-2009 - Abstract
The article discusses the manner in which the administration of U.S. President Barack Obama manages Wall Street during the financial crisis. Obama denounces financial services institutions that require bailout funds from the U.S. government for financial excess that led to economic crisis. However, the author notes, Obama needs the same financial services industry to survive to allow the U.S. economy to recover.
- Published
- 2009
34. A Return to Thrift.
- Author
-
Colvin, Geoff
- Subjects
SAVINGS ,CONSUMERS ,DEBT-to-equity ratio ,CREDIT ,UNITED States economy, 2001-2009 - Abstract
The article presents the authors' view on how consumers can reduce their debt and dependence on credit. He emphasizes personal thrift in contrast to deleveraging--what companies are doing to reduce their debt relative to their equity--and cites the research efforts of The Thrift Project. The author suggests what is needed is to tap into societal forces like environmentalism and retirement anxiety in order to make thrift admirable.
- Published
- 2008
35. Why Europeans Are Talking Trash.
- Subjects
BANKING industry ,FINANCIAL leverage ,FINANCIAL performance ,MARKET volatility ,ECONOMIC conditions in Europe, 1945- ,UNITED States economy, 2001-2009 - Abstract
The article reports on the financial performance in Europe. The financial market in Europe has been performing better than that of the U.S. with German Finance Minister Peer Steinbrück telling his Parliament that the U.S. would loose its position as the superpower of the global financial system. However, in 2008 European banks are having trouble with too much leverage.
- Published
- 2008
36. Does the Fed Know What It's Doing?
- Author
-
Gross, Bill
- Subjects
FINANCE ,LOAN officers ,MONETARY policy ,UNITED States economy, 2001-2009 ,INVESTORS - Abstract
This article discusses how U. S. Treasury and Federal officials are addressing the draining confidence of bond and stock investors worldwide. The author purports that the machinery for creating credit has become more complicated, signaling to regulators that the old levers aren't going to be as effective.
- Published
- 2007
37. Tales of the Crash of 2007.
- Author
-
Stein, Ben
- Subjects
REAL estate bubbles ,MORTGAGES ,FINANCIAL crises ,UNITED States economy, 2001-2009 - Abstract
The author relates personal vignettes from the 2007 crisis in U.S. real estate. A friend who brokers luxury homes in Scottsdale, Arizona finds business has vanished. Another friend, a developer, cannot find buyers for two multi-million dollar homes he built near Naples, Florida. The author has encountered no problems in securing a jumbo loan.
- Published
- 2007
38. Don't Listen to the Consumer.
- Author
-
Norton, Rob
- Subjects
CONSUMER confidence ,ECONOMIC forecasting ,CONSUMPTION (Economics) ,UNITED States economy, 2001-2009 - Abstract
Comments on the use of consumer confidence indexes in economic forecasting in the U.S. Concern that a drop in consumer spending could damage an economic recovery; Unreliability of the indexes as forecasting tools; Indication that the indexes are often reactive to what is happening to the economy.
- Published
- 2002
39. THINGS ARE LOOKING UP ….
- Author
-
Fox, Justin and Bernasek, Anna
- Subjects
UNITED States economy, 2001-2009 ,ECONOMIC recovery ,UNEMPLOYMENT ,FINANCE ,ECONOMIC expansion ,BUSINESS cycles ,RECESSIONS ,DOWNSIZING of organizations ,DISMISSAL of employees - Abstract
The U.S. economic recovery really is different--and that has a lot of people worried. Manufacturing is on the rebound. Corporate profits are up. So are retail sales. Other major economies are finally showing signs of economic life. However, U.S. economy employs 2.7 million fewer people now than it did when the recession started in March 2001. The layoffs continue: almost two million jobs have been lost since November 2001. Corporate decision-makers remain cautious. While the building industry lost jobs in 2001 but began adding them again once the recession was over, most Americans work in industries that have either spent the past three years steadily shedding jobs (manufacturing, computer consulting, call centers) or steadily adding them (health care, real estate, education). The concern is this: Serious job gains may be years off, and until then the consequences of sustained higher unemployment could ripple throughout the economy.
- Published
- 2003
40. Thanks for Nothing, Uncle Sam.
- Author
-
Sloan, Allan
- Subjects
UNITED States economy, 2001-2009 ,INTEREST rates ,HOME prices ,RETIREES ,SAVINGS ,AMERICANS ,FINANCE - Abstract
The article discusses how the U.S. government is spending trillions of dollars to keep interest rates low in order to aid the economy and stimulate housing prices. It explains how these low rates have inflicted indirect damage on the incomes of Americans who are trying to save money. Financial analyst Greg McBride states that the government is transferring money from savers and retirees to overly indebted borrowers. Statistics are given on the drop in prices of formerly safe investments which retirees usually favor.
- Published
- 2009
41. Stimulate Me!
- Author
-
Bing, Stanley
- Subjects
FINANCE ,FINANCIAL bailouts ,BANKING industry ,CONSUMERS ,MONEY supply ,UNITED States economy, 2001-2009 ,GOVERNMENT policy - Abstract
The article discusses the U.S. government bailout of the financial services industry in 2008-2009. The author indicates that the government would do more good if it gave money to the people to spend, rather than to the banks, who are not giving the money to consumers. Also discussed is the possibility of the U.S. government printing more money.
- Published
- 2009
42. High-Wire Act.
- Author
-
Sloan, Allan
- Subjects
FINANCIAL services policy ,FINANCIAL crises ,REGULATED industries ,BANKING industry ,UNITED States economy, 2001-2009 - Abstract
The article discusses the manner in which the administration of U.S. President Barack Obama manages Wall Street during the financial crisis. Obama denounces financial services institutions that require bailout funds from the U.S. government for financial excess that led to economic crisis. However, the author notes, Obama needs the same financial services industry to survive to allow the U.S. economy to recover.
- Published
- 2009
43. A Return to Thrift.
- Author
-
Colvin, Geoff
- Subjects
SAVINGS ,CONSUMERS ,DEBT-to-equity ratio ,CREDIT ,UNITED States economy, 2001-2009 - Abstract
The article presents the authors' view on how consumers can reduce their debt and dependence on credit. He emphasizes personal thrift in contrast to deleveraging--what companies are doing to reduce their debt relative to their equity--and cites the research efforts of The Thrift Project. The author suggests what is needed is to tap into societal forces like environmentalism and retirement anxiety in order to make thrift admirable.
- Published
- 2008
44. Why Europeans Are Talking Trash.
- Subjects
BANKING industry ,FINANCIAL leverage ,FINANCIAL performance ,MARKET volatility ,ECONOMIC conditions in Europe, 1945- ,UNITED States economy, 2001-2009 - Abstract
The article reports on the financial performance in Europe. The financial market in Europe has been performing better than that of the U.S. with German Finance Minister Peer Steinbrück telling his Parliament that the U.S. would lose its position as the superpower of the global financial system. However, in 2008 European banks are having trouble with too much leverage.
- Published
- 2008
45. Don't Listen to the Consumer.
- Author
-
Norton, Rob
- Subjects
CONSUMER confidence ,ECONOMIC forecasting ,CONSUMPTION (Economics) ,UNITED States economy, 2001-2009 - Abstract
Comments on the use of consumer confidence indexes in economic forecasting in the U.S. Concern that a drop in consumer spending could damage an economic recovery; Unreliability of the indexes as forecasting tools; Indication that the indexes are often reactive to what is happening to the economy.
- Published
- 2002
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