What a difference a month — and a brewing financial crisis — makes.

In early July, Moody’s economist Mark Zandi told The Daily Ticker the U.S. economy was poised to "reaccelerate," predicting GDP growth close to 3% growth in the third quarter and approaching 4% in the fourth.

continue

Stocks dipped on Monday as lawmakers remained in a standoff over raising the debt ceiling to avoid default, but investors were convinced a compromise will be reached before next week’s critical deadline.

continue

These are givens, and they are the reasons for public outrage. However, it doesn’t mean the government shouldn’t raise the debt ceiling. Standard & Poor’s warns there is a 50% chance it will lower the U.S. government’s AAA credit rating by one or more levels within three months.

continue

Around the globe, people are reacting to the news of the death of Osama bin Laden. For the markets, a muted impact: The dollar and bond prices rallied but are now essentially flat.

continue

World markets were higher Monday, buoyed by news over the weekend that Japan was making progress in its battle to control radiation leaks at a nuclear complex that was severely damaged in the country’s worst-ever earthquake.

continue