Four states remain a bulwark against a recession that has led to despair in other parts of the United States. These states with steady, traditional economies have kept their jobless rates down and remain the ideal places to find employment . The lowest unemployment rate in the country remains North Dakota, tied with Nebraska for an amazingly low 4.4 percent unemployment rate. This is followed by Wyoming and South Dakota, both with unemployment rates at 5.0 percent.
The Bureau of Economic Analysis is reporting that the personal savings rate reached a 15 year high of 6.9% in May! This is the highest it’s been since December 1993.
Price controls have been suggested as a solution to a myriad of problems in economic policy. Sadly there isn't much evidence that they've ever achieved their goals.
Shortly after the rebirth of Israel, Israel will face overwhelming odds as the entire world gathers to plunder it.
Cash for clunkers is a auto industry friendly law, not a consumer friendly one.
While in some rare occasion, typically times of crisis, government intervention can be a stabilizing force on markets. Unfortunately, that is the exception not the rule. Typically the opposite happens.
There’s a lot to be said for personal responsibility, but now and again a round of the Blame Game is well-deserved and even necessary. In fact, a series of Time Magazine articles from earlier this year, that includes: In Defense of the Recession Blame Game, The Financial Crisis Blame Game, and 25 People to Blame for the Financial Crisis did just that...
An overview of the key changes suggested for the financial system.
Word has it that President Obama wants to ramp up spending his $787 billion stimulus package. Things are not moving fast enough for him. According to recovery.gov, only $37 billion had been spent as of May 22. While the president intends to ride herd over the speed of additional spending, there are already abundant signs of economic recovery back at the farmhouse.
While many are looking for a recovery in the near term, some questions remain about whether the mortgage crisis is truly over, and even what the mortgage crisis means.
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