Aug 1, 2014
Bank of America bought Countrywide Financial in July 2008. BofA was fined $1.27 billion this week for a loan program Countrywide offered prior to May 2008.
Jul 29, 2014
Just a few years ago, Europe was the center of an economic catastrophe and stock prices indicate we could see more problems from that region before the end of the year.
Jul 25, 2014
The Congressional Budget Office (CBO) offers unbiased estimates of government spending programs. They do this by following rules which are well-known in Washington so the system is easily gamed. That's why President Barack Obama was able to say Obamacare wouldn't add a dime...
Jul 22, 2014
Federal Reserve chairs have made occasional stock market forecasts. Famously, Alan Greenspan worried that stock prices were displaying signs of irrational exuberance more than three years before the Internet bubble led to a market crash.
Jul 18, 2014
Some believe we have "Two Americas" , one that is prosperous and one that is struggling. If this is true, the distinguishing factor between the two Americas is educational attainment.
Jul 16, 2014
Student loans are being blamed for slow growth in the economy. Loan repayments are keeping recent graduates from buying cars and homes, and that is hurting growth under this theory.
Jul 11, 2014
Federal Reserve officials are committed to ending their latest round of quantitative easing (QE) by October. At that point, they will be holding more than $4.3 trillion of assets that they collected through various QE programs. So far, there is no word on a plan to unwind those positions.
Jul 9, 2014
Employment data are showing improvements in some ways. Unemployment is now down to its lowest level in six years and the economy has created almost 2.2 million jobs in the past 12 months.