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Question/Comment: Could you explain where all the money went that supposedly vanished during the Wall Street meltdown? Who has it? Was it imaginary or did it really exist? Paul Solman: All Wall Street values are imaginary. All money is imaginary.
By Business Desk
Question/Comment: It seems to me there’s been a shift in market thinking in the recent past. I’m not sure that it’s my responsibility to go out and shop to keep businesses afloat; I always thought that it was business’ responsibility…
By Admin, PBS NewsHour
The Federal Reserve cut a key interest rate to an all-time low target range of zero to 0.25 percent Tuesday in an effort to fight the deepening recession.
Question/Comment: I’m confused by the term “real economy.” Lots of people are using it, but no one has explained it that I can find. It’s something different than what Wikipedia defines as not the “virtual economy.” What’s going on?…
By PBS NewsHour
Doctors, teachers and union members clashed with riot police in the streets of Zimbabwe's capital of Harare as they protested the country's deepening economic meltdown and a cholera epidemic that has been blamed on poor infrastructure.
A new study on American higher education gave all but one state a failing grade on affordability, and warned that college could soon be out of reach for most Americans.
Question/Comment: Dear Mr. Solman, I’ve read several articles recently discussing the risk of deflation. I think I understand broadly why deflation is bad for the economy in general. Could you explain how deflation is different from companies setting prices to…
Consumer prices made their biggest drop in decades in October, due in part to lower gasoline and energy prices.
Wall Street has endured its worst month in 21 years yet its best week in 34 years. The markets continue to remain unsettled on news of consumer spending cutbacks and investors' fears. The Wall Street Journal's economics editor analyzes the…
The stock market crash of 1929 offers parallels to the spiraling financial crisis of the 21st century, giving insight to measures that can help correct the collapse. Paul Solman talks to two authors on the Great Depression who assess the…
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