More gloomy news emerged on the U.S. economic front Tuesday as consumer confidence fell to a record low in December and new data showed home prices dropped by the sharpest annual rate on record in October.
Question/Comment: Have we ever been this close to socialism before? Referring, of course, to all of the bail outs and attempted influence on the “free” market. Paul Solman: It’s an intriguing question, Dave. Yes, I think the New Deal was…
As the G-20 economic summit drew to a close Saturday, President Bush and the leaders of nearly two dozen countries agreed to flag risky investing and regulatory loopholes in the hopes of preventing future financial meltdowns.
After skyrocketing in recent months, the number of newly laid-off U.S. workers seeking unemployment benefits jumped last week to the highest level since just after the Sept. 11, 2001, terrorist attacks.
Question/Comment: My conservative friends are convinced that this economic mess is the result of changes to Fannie and Freddie’s lending policies forced on them by the Democrats. My own theory identifies our chronic balance of payments as the chief culprit.
New data show that consumer spending fell 3.1 percent in the third quarter, its sharpest drop in 28 years. New York Times columnist David Leonhardt examines the latest numbers.
U.S. and global markets endured another tough day Friday as fears intensified of a global recession. Financial experts examine the factors driving the recession speculation and possible solutions to the crisis.
Question/Comment: Would you please clarify something for me that I am struggling to understand? If the stock markets of the world all drop 10-20 percent simultaneously, are we as Americans, or any other nationality, significantly worse off? If, relatively speaking,…
Paul Solman: This afternoon’s question comes from the steward of The Business Desk who wrote, moments ago: “I don’t know how you feel about this, but I thought maybe you could do another response to the day? The market just…
Question/Comment: Your presentation last night was clear and lively. Thanks. My question is: Is there ANY way to protect the U.S. or world markets from individuals and/or huge companies who may be lurking…
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