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30
Jul

Is The US Headed For A Recession?

Posted by Susan Mitchell (0) Comment

Guess what? The U.S. economy stinks! That may not come as a surprise but it’s actually worse than the government first thought. While politicians in Washington bungle this debt ceiling debate the economy is mired in slow growth.

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Category : Economy News | Blog
21
Jul

Economic Outlook Remains “Unusually Uncertain” According To Bernanke

Posted by Susan Mitchell (0) Comment

Federal Reserve Chairman Ben Bernanke told Congress Wednesday the economic outlook remains “unusually uncertain,” and the central bank is ready to take new steps to keep the recovery alive if the economy worsens.

Testifying before the Senate Banking Committee, Bernanke also said record low interest rates are still needed to bolster the economy. He repeated a pledge to keep them there for an “extended period.”
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Category : Economy News | Blog
2
Jun

Want to Get out of Debt? Here’s A Fine Example To Follow

Posted by Susan Mitchell (0) Comment

As the rest of the world speculates who will be the next to require another bailout, Canada serves as a “shining” example on how to escape the debt spiral, Jim O’Neill, chief economist at Goldman Sachs, told CNBC on Tuesday.
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Category : Economy News | Blog