Question/Comment: Paul, in 1965, my dad bought our house in a suburb of Los Angeles for about $3,000. In 1979, he sold it for about $80,000. Why did the market jump so much in just 14 years? This has been … Continue reading
Question/Comment: Can you elaborate on the pro and con arguments behind our current account deficit? How much of a drag is it on GDP growth? Paul Solman: Pro: We get to buy more now than it costs us now. Con: … Continue reading
- How can a nation with manufacturing employment being replaced by “service” jobs expect to have a trade balance with the rest of the world?
Question/Comment: Did you ever hear about the two old ladies who made a precarious living taking in each other’s laundry? My question is this: how can a nation with manufacturing employment being replaced by “service” jobs expect to have a … Continue reading
Federal Reserve Chairman Ben Bernanke on Thursday predicted “sluggish” U.S. economic growth after the dollar reached an all-time low against the euro and jittery investors kept close watch on surging oil prices. A business journalist and an economist offer analysis of the recent economic trends. Continue reading
U.S. Treasury Secretary Henry Paulson speaks with Jim Lehrer about World Bank President Paul Wolfowitz’s troubles, the potential impact on the international body, and U.S.-China economic relations ahead of Paulson’s meeting with Chinese officials next week. Continue reading