In their newly released study, Economists at Northeastern University found that since the recovery began in June 2009 following a deep 18-month recession, “corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1 percent” of that [...]
Posts Tagged ‘united states’
The Wageless, Profitable Recovery
June 30th, 2011 by Financial Writer
Tags: american workers, economic recovery, Northeastern University, recovery, united states
more...I.M.F. Urges Debt Limit Action in U.S.
June 30th, 2011 by Financial Writer
The International Monetary Fund urged the United States on Wednesday to raise the nation’s borrowing limit, warning that inaction could lead to higher interest rates that would harm the domestic economy and world financial markets.
The debt limit is the amount the government can borrow to help finance its operations. The United States [...]
Tags: Debt, economy, International Monetary Fund, obama, united states, world financial markets
Increase In Mortgage Rates Predictions
December 22nd, 2010 by Financial Writer
The current mortgage interest rate forecast for the United States is the mortgage interest will remain at historically low levels in November until after the election, and then start rising too high. Homeowners in the United States can not presume that mortgage rates are at low levels historically, as it has since been a [...]
Tags: au, bank, banks, crisis, dollar, economic, fed, financial, financial system, foreclosure, foreclosures, homeowners, housing, housing market, increase, inflation, interest rate, interest rates, loan, loans, mortgage, mortgage rates, mortgages, oil, oil prices, owners, rate, sales, subprime mortgages, the dollar, united states, us
Ottawa should cut spending despite slowing growth: CIBC
December 17th, 2010 by Financial Writer
The federal government shouldn’t allow a softening economy to derail plans to return to a balanced budget, says the chief economist at one of the country’s big banks.
Avery Shenfeld of CIBC World Markets said Thursday that if the economy needs further juice, let the Bank of Canada provide it through very low interest rates.
“Softer [...]
Tags: bank, banks, ben, big banks, Canada, central bank, deficit, economic, economist, economists, economy, Employment Insurance, euro, Europe, fed, federal government, finance, finance minister, financial, gdp, glo, government, increase, inflation, interest rate, interest rates, job, monetary, rate, spending, united states, us, world markets
Are the markets back? Reply is hazy - The Buzz
December 15th, 2010 by Financial Writer
It’s been a long way back, but two of the most widely watched stock market barometers are now trading right around where they were before the financial excrement really hit the fan in September 2008.
The Dow closed Tuesday at 11,476.54, its highest close since September 8, 2008 — a week before the bankruptcy of Lehman [...]
Tags: 2012, AIG, au, bank, bankruptcy, ben, business, businesses, China, citigroup, company, credit market, crisis, Debt, deficit, depression, economic, economic growth, economic recovery, economy, euro, Europe, fed, financial, financial crisis, glo, global credit, global economic, government, great depression, great recession, Invest, investment, investor, investors, job, money, rate, recession, sales, stock, stock market, stocks, united states, us, wall street
How Medicare Sets Hospital Prices: A Primer
November 29th, 2010 by Financial Writer
The Medicare formula for payments to hospitals would be improved if it were based on value delivered rather than costs, an economist writes.
Will Ireland Default? Ask Belgium
Reckless cross-border lending by big banks has made many nations vulnerable to Ireland’s fiscal crisis, an economist writes — and none more so than Belgium.
The Other Taxes: Who [...]
Tags: au, bank, banks, big banks, budget deficit, China, crisis, deficit, economist, euro, Europe, fed, federal deficit, fiscal crisis, government, health care, increase, india, lending, sales, spending, united states, us
Carney, Volcker see long haul to recovery
November 20th, 2010 by Financial Writer
The world economy faces a long, hard slog toward recovery and could slide into deflation and financial instability if leaders fail to deliver on promises of reform, top policy markers said on Friday.
At a conference in Calgary, White House special adviser Paul Volcker warned it would likely take years for the American economy to [...]
Tags: au, bank, bank of china, bankers, banking, banking system, brazil, Canada, central bank, China, Chinese, deficit, dollar, economic, economic recovery, economy, economy grew, euro, Europe, exports, financial, g20, glo, global economic, Global Economy, government, india, monetary, policymakers, rate, recession, recessions, the dollar, united states, us, white house
What Is The Difference Between A "broker" And Mortgage "banker" Is?
November 18th, 2010 by Financial Writer
It seems that home buyers and brokers are many, “the question of the difference between a mortgage” broker “and mortgage” banker. May be some differences between the two of them, because I’ve been on both sides of the fence. I know the differences between them, but please, to see that it is much more [...]
Tags: au, bank, bankers, banks, ben, benefits, buyers, company, fed, housing, lender, lenders, loan, loans, mortgage, mortgage bankers, mortgage lenders, rate, sales, united states, us, wells fargo
U.S. recovery slowdown a ‘concern’: Carney
November 16th, 2010 by Financial Writer
Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy.
In an interview with U.S. business network CNBC, he said the low level of U.S inflation — due to a debt overhang [...]
Tags: au, bank, banking, ben, borrow, borrowing, business, business network, Canada, central bank, China, crisis, Debt, economic, economic growth, economy, fed, Federal Reserve, financial, financial crisis, financial markets, financial reform, glo, Global Financial, home sales, household, households, housing, increase, inflation, marketplace, monetary, rate, recession, retail sales, sales, united states, us
U.S. must lead global economic recovery
October 12th, 2009 by Financial Writer
U.S. Secretary of State Hillary Clinton, visiting recession-bound Ireland, said on Sunday the United States was working hard to fix its own economy so it could propel growth in the rest of the world.
“We’re very conscious of the fact that the United States must right its own economic boat in order to lead the global [...]
Tags: economy, global crisis, global economic, recession, united states