MONDAY, APRIL 30, 2012 ECONOMICS: Housing Ends Slide but Faces a Long Bottom (Wall Street Journal) By Nick Timiraos Nearly six years after home prices started falling, more U.S. housing markets appear to be nearing a new phase: a prolonged bottom. Hitting a bottom, of course, isn’t the same as a full-fledged recovery, which is … Continue reading
Monthly Archives: April 2012
Economic Daily Outlook
FRIDAY, APRIL 27, 2012 ECONOMICS: U.S. Firms Add Jobs, but Mostly Overseas (Wall Street Journal) By Scott Thurm Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis. Those companies, which include … Continue reading
Economic Daily Outlook
THURSDAY, APRIL 26, 2012 ECONOMICS: Fed Cuts U.S. Growth Forecast for 2013 and 2014 (New York Times) By Binyamin Appelbaum The Federal Reserve chairman, Ben S. Bernanke, on Wednesday dismissed proposals to escalate the Fed’s economic stimulus campaign as “reckless,” arguing that the costs would be high and the benefits uncertain. Mr. Bernanke spoke after … Continue reading
Economic Daily Outlook
WEDNESDAY, APRIL 25, 2012 ECONOMICS: Fed Officials Weigh Rules-Based Policy That Stay Flexible (Bloomberg Businessweek) By Steve Matthews and Jeff Kearns Federal Reserve officials are struggling to find consensus on a policy rule that’s predictable to investors yet flexible enough to adjust to shifts in the economy or markets. Vice Chairman Janet Yellen and Philadelphia … Continue reading
The Invisible War at Home: Prescription Drugs and their Grasp on America
The war against drugs. When most people hear this they think of Reagan’s draconian drug control policies or the deadly battle with Central American cartels. While the fight continues south of the border, a growing problem continues to be ignored by lawmakers and citizens, alike; the abuse of prescription medications. Prescription drug abuse or, … Continue reading
Weak Housing Markets Need a Job-Creating Agenda
A slew of housing data came out today and will continue to pour out this week. The take-away for the day: nothing too terrible to report. Home prices in most markets around the country have either flat-lined or have very modestly improved. No surprises. Though some markets have hit new lows, most indicators point to … Continue reading
Economic Daily Outlook
TUESDAY, APRIL 24, 2012 ECONOMICS: OPINION: High Tax Rates Won’t Slow Growth (Wall Street Journal) By Peter Diamond and Emmanuel Saez The share of pre-tax income accruing to the top 1% of earners in the U.S. has more than doubled to about 20% in 2010 from less than 10% in the 1970s. At the same … Continue reading
AHEAD THIS WEEK
Schedule of hearings, events and data releases this week: UPCOMING WEEK Continue reading
Economic Daily Outlook
MONDAY, APRIL 23, 2012 ECONOMICS: Bernanke Charts New Mission for the Fed: Financial Stability http://www.americanbanker.com/issues/177_77/bernanke-fed-chairman-financial-stability-1048606-1.html While by law the Federal Reserve Board must worry about price stability and unemployment, Chairman Ben Bernanke appears to have charted a third mandate for the central bank: financial stability. In his speeches, lectures and testimony, Bernanke has steadily … Continue reading
Economic Daily Outlook
FRIDAY, APRIL 20, 2012 ECONOMICS: House passes 20 percent small biz tax cut http://www.politico.com/news/stories/0412/75362.html House Republicans sent a clear, election-year message that they’re going to make sure taxes are cut — stiff resistance from congressional Democrats and the White House be damned. With a 235-173 vote Thursday, the House passed a 20 percent tax … Continue reading
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