08:56:59 - 01/02/2014
U.S. consumer confidence rose in December far beyond levels that were expected. Consumer confidence was seen at more than optimistic levels today, according to a private sector report released on Tuesday. “The Conference Board, an industry group, said its index of consumer attitudes rose to 78.1 from an upwardly revised 72.0 in November,” according to Reuters news. This large increase puts the index at levels last seen since before the October government shutdown.
08:45:27 - 12/31/2013
Economists believe that 2014 is the year that the economy will finally rebound and stay there. This is saying a lot for the economy. We are moving in the right direction. The economy is strengthening, coming from a 10% unemployment rate, we are now sitting at a 7% unemployment rate. Though, there are still many other issues that are slacking behind and still holding the economy back.
12:18:59 - 12/30/2013
The U.S. is growing at its fastest pace in the past two years. The government’s main growth gage is gross domestic product and that has grown at a 4.1% annual rate in the third quarter. This marks the second time since the recovery began in 2009 that the output of goods and services expanded above 4%.
10:26:06 - 12/26/2013
Americans stepped up their spending in the month of November despite the weak growth numbers that were seen. This is a clear indication that the U.S. recovery is continuing to gain momentum. If the economy were still weak, one hint of weak income would have sent consumer spending backwards. The increase in consumer spending comes at a very vital time as the Federal Reserve has decided to start their bond buying slow down.
12:04:23 - 12/20/2013
The Federal Reserve has finally decided to trim down their bond buying program. In doing so the Feds have decided to trim down bond-buying to $75 billion dollars. The Feds will more than likely continue to reduce their bond-buying policy by $10 billion increments over the next seven meetings before it fully ends it program in December. The trim down process will have to go at a slow pace in order to grab a feel for how the economy is responding.
13:27:02 - 12/18/2013
European Central Bank President Mario Draghi criticized plans by euro-area governments on how to deal with failing banks, saying current proposals might be too complicated to work properly. President Draghi feels that the decision making will become overly complex and that financial arrangements that come from such decisions will not suit the economy. There should be more then one resolution mechanism for failing banks. The Eurozone recession has been a dreadful one and for this very reason, the plan to recovery is extremely important.
13:26:02 - 12/18/2013
The Federal Reserve Chairman is extremely frustrated with the fact that he has not been able to assist the U.S. economy in a full fledge recovery. Even after applying such loose and otherwise known as crazy monetary policies, the economy has struggled to recover. Though, many economist will be the first to tell you that they much rather have a faltering economy then a complete failure. Some credit is due to the chairman considering that a disastrous economic failure has been adverted for the time being. Now the primary concern is the next step, finding some positive in the frustration.
14:16:41 - 12/13/2013
Wholesale prices in the U.S. declined for the third month in November. These continued drops are showing lower prices for cost in energy and cars. The 0.1 percent drop in the producer index follows the previous months drop of 0.2 percent. These drops show that inflation is weakening just as the Federal Reserve is considering scaling back on its bond buying.
10:47:19 - 12/10/2013
The economic recovery is setting the stage for what appears to be strong economic growth all of next year. Americans are making strides towards recovering all that was lost during the recession post 2008. “The net worth of U.S. households and nonprofit organizations—the values of homes, stocks and other assets minus debts and other liabilities—rose 2.6%, or about $1.9 trillion, in the third quarter of 2013 to $77.3 trillion, the highest on record,” according to the Federal Reserve. Americans net worth is reaching record levels.
11:33:53 - 12/09/2013
The government’s jobless report on Friday showed Americans resilience as they get back to work. The November numbers showed investors that the Unemployment rate was moving in the correct direction and the Federal Reserve would start to slow down their bond buying program later this month or next. Though, in order to understand the job report we really have to analyze it.
09:51:30 - 12/06/2013
In the past few months there have been significant improvements to the United States economy. Granted there have been a few minor set backs that have caused a bit of an uproar, such as the government shutdown. Though, this has not stopped our economy from moving forward.
12:28:06 - 12/05/2013
The United States economy expanded at a much faster pace in the third quarter than initially estimated due to businesses stockpiling inventories. This will more then likely return forth quarter growth to a passive pace.
11:09:03 - 12/04/2013
In a recent ruling, a federal judge held that Detroit could formally enter bankruptcy and asserted that Detroit’s obligations to pay pensions in full was not untouchable. Just as we thought that Detroit’s situation could not worsen, we were proven wrong. According to the NY Times, “The judge, Steven W. Rhodes, dealt a major blow to the widely held belief that state laws preserve public pensions, and his ruling is likely to resonate in Chicago, Los Angeles, Philadelphia and many other American cities where the rising cost of pensions has been crowding out spending for public schools, police departments and other services.”
13:36:21 - 12/03/2013
U.S. factory activity expanded in November for the sixth straight month, signaling stronger demand nationally and abroad. This signal for stronger demand can be viewed as a sign that will boost growth into 2014. According to the Wall Street, Journal.
21:06:17 - 12/02/2013
Retail spending over the Thanksgiving weekend dropped for the first time in seven years. This comes as a surprise as the blitz of deals and earlier opening hours apparently failed to move more dollars out of the hands of consumers to businesses.