WASHINGTON (Reuters) – President Barack Obama will seek on Monday to strike a balance between taming skyrocketing U.S. budget deficits and giving the economy a boost to ease the pain of double-digit unemployment.
(ChinaPost.com.tw) – About a year ago, the Taiwan Synthetic Resins Manufacturers Association (TSRMA) held a press conference for the first time in 20 years to ask the government to save the local petrochemical industry from “a life or death situation…
(ChinaPost.com.tw) – India’s central bank has shifted gear from the ultra-loose monetary policy used to help the economy rebound but it will go slow in hiking interest rates to ensure growth stays on track, analysts say.
PricewaterhouseCoopers report calls for a measured response to allow the banking industry to play its part in the economy Senior bankers are complaining that political interference is the biggest risk facing their industry despite the billions of pounds of taxpayer money being used to prop up the banking system.Stephen Hester, chief executive of Royal Bank [...]
Filed under: Bad NewsThe market is wildly overvalued given the trajectory of the economy and is being driven by traders.The trade of the day continues to be dollar/commodities/China, but more and more, individual stocks are being rewarded or whacked…
Tom Schumacher submits:The US economy in the fourth quarter expanded at the fastest rate in nearly six years, at 5.7% annualized. Before we jump out of our seats with joy, it might be worthwhile to take a deeper look into these numbers. The huge jum…
Filed under: Bad News, Goldman Sachs Group (GS), Morgan Stanley (MS)Banks are the kink between the financial markets and the Main Street economy. They are also the lubricant — when they are lending — of a growing economy.Using time-honored but now…
Brad DeLong submits: There is about a 30% chance that the U.S. economy is about to start growing rapidly, with unemployment declining by a percentage point or two each year. There is about a 40% chance that we are about to start a recovery like or a…
US stocks fell Friday, capping the Dow Jones Industrial Averages worst month in nearly a year, despite government figures showing the economy grew at its fastest pace in six years last quarter.
(ChinaPost.com.tw) – South Korea’s industrial output jumped 33.9 percent in December from a year earlier, official data showed Friday, as the economy continues to recover from the global slowdown.