Economic News
U.S. Debt Default Not the End of the World
Despite what doomsayers might have you believe, should the United States be unable to extend its debt ceiling...
A U.S. Debt Default Would Be Rare for a Western Economy
Not since 1933, when Germany unilaterally decided to renege on debt, has a western power pulled the plug...
The Unconventional Way to Deal with the Shutdown
Headlines on Wall Street, Washington and throughout America have focused understandably on the government shutdown and the pending...
Closedown Trickle-down — Large and Small Businesses Feel the Squeeze
As the U.S. government shutdown enters its 11th day, it is starting to affect more than just the...
China Advancing Reserve Currency Plan
The People’s Bank of China and the European Central Bank have reached a three-year agreement to exchange up...
Obama Opts for Stability with Choice of Yellen for Top Fed Post
U.S. President Barack Obama is expected to nominate Fed Vice Chairman Janet Yellen today to become the U.S....
Shutdown Delays U.S.-EU Trade Negotiations
Thanks to the ongoing government shutdown, the United States has postponed free trade negotiations with the European Union.
Services Data, Shutdown Lead to Stock Drop
Weaker-than-expected service industry growth combined with fears of the government shutdown leading to a recession caused stocks to...
Retail Sales Boost during Holiday Season?
Despite a lot of analysts thinking exactly the opposite, the National Retail Federation (NRF) predicts that U.S. retail...
U.S. Mortgage Applications Fall in First Week After Fed’s Tapering Non-event
Applications for refinancing and new home purchases fell 0.4 percent for the week ending Sept. 27, according to...