The poll shows a "significant uptick" since last July in the percentage of Americans blaming Obama at least a moderate amount (from 32% to 50%), but a decrease, however slight, for George W. Bush (from 80% to 75%).
Mike Shedlock is a registered investment advisor rep. for SitkaPacific Capital Mangmt. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. (Issue: Goldman Sachs)
However, outstanding consumer credit in the US contracted another $11.5 billion in February, marking the twelfth decline in 13 months and demonstrating that the household sector is still undertaking balance sheet adjustments.
Michigan, which has an unemployment rate of 14 percent, has been particularly hard hit by the economic downturn. Virg Bernero, mayor of Lansing, the state’s capital, and a leading Democratic candidate for governor, proposes to relieve the state’s eco
President Obama and congressional leaders vowed tough budget discipline when they approved a "pay as you go" requirement, but they've avoided paying for major programs twice. They've also let the deadline for producing a budget outline pass
The Russians have been out there saying they’re buying gold, Canadian bonds, and diversifying their positions. Well, here they are doing it. At some point, enough people around the world will say they don’t want to be in dollars anymore...
... their usual sources of revenue — state money and local property taxes — have been hit hard by the recession. In addition, federal stimulus money earmarked for education has been mostly used up this year.
The April 19 Consumer Comfort Index number dropped back to -50, a 2010 low, just 4 points from its all-time low in 24 years of weekly polls, -54 in January 2009 and December 2008. 92% of those polled said the national economy’s in bad shape.
In 2008 distressed sales were only 4% of all sales, in 2009 nearly 20% of all the repeat sales transaction were classified as distressed. In February 2010, the percent of distressed sales jumped to a record 32%.
Now, these obscure and largely unregulated securities - more than $600 trillion of which are tucked into investors' portfolios, according to the Treasury Department - are at the center of the fight over financial reform led by the Obama administratio
As the DOT noted, miles driven in February 2010 were down -2.9% compared to February 2009. If vehicle miles continues to decline on a year-over-year basis, it might suggest high gasoline prices are starting to impact the economy.
University of Arizona economist Marshall Vest says the recession officially ended in Arizona several months ago, although it will be months before a recovery is evident and years to repair all the damage that's been done.
"Who are they trying to kid?" Bittner says. "Are they trying to make you think it's better so you'll go out and spend?" Well, yes. The nation's fragile consumer confidence, which sank to a record low about a year ago, could keep the fledgling economi
Goldman Sachs is expected to earmark about $5B for staff pay and bonuses this week, days after being accused of securities fraud by the US regulators, fueling the controversy over bankers' rewards in the teeth of the financial crisis.
More young people are living with their parents instead of moving out, postponing the creation of their own households. Meanwhile, more families are combining households for economic reasons, including the loss of a home due to foreclosure...