Economists were shocked by the plunge in the Conference Board Consumer Confidence Index Wednesday morning, well below the any economist's guess in Bloomberg's Econoday Forecast.
Beijings efforts to engineer a strong stock rally and the recent Shanghai market collapse have had quite limited effects on western markets, but going forward the fallout from Chinese market meddling will likely be less benign.
Dear Dave, My husband and I are both 50, and we make about $50,000 a year. We have a little bit of debt, and recently my mother-in-law moved in with us due to health issues. Weve always gotten by, but now were struggling with the additional expense of having her with us. We love her, but were unsure what to do financially. Do you have any suggestions?
Remember the big debt limit fight of 2013? The political establishment at the time went overboard with hysterical rhetoric about potential instability in financial markets.
The crash in Chinese stocks continued today following a respite last week.
If you want to pinpoint the leading source of bad economic policy proposals, I would understand if someone suggested the Obama Administration.
The U.S. governments Bureau of Economic Analysis (BEA) released its latest Gross Output (GO) statistic, a broader measure of U.S. economic activity that I have been advocating for years, and it confirms little or no economic growth in the economy in 2015.
For any new investor, or even for an experienced one, it can be tempting to buy the latest hot stock without doing much homework. As Ive learned the hard way during the last 22 years, more often that not that only leads to trouble.