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Economic Measures

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  • 'Choppy' Housing Yields Low Demand for Materials: CEO Wednesday, 27 Oct 2010 | 3:46 PM ET
    Construction work

    Michael Thaman, the CEO and chairman of the building materials company Owens Corning, told CNBC Wednesday that a "choppy housing market," causing a weak demand for roofing and other products, was partly responsible for a third-quarter net income drop of more than a quarter.

  • More Fed Easing Will End Bull Market in Bonds: Gross Wednesday, 27 Oct 2010 | 2:48 PM ET
    Bill Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department in Washington, DC.

    The Federal Reserve’s plan to pump more money into the financial system could mean the end of the bull market in bonds, Bill Gross, CEO of bond fund Pimco, said.

  • Lehman Had to Fail; FinReg May Help Others: Paulson Wednesday, 27 Oct 2010 | 1:15 PM ET
    Henry Paulson

    The government let Lehman Brothers fail during the financial crisis because there was no other choice, former Treasury Secretary Henry Paulson said Wednesday.

  • Fed Policies Are a Horror Show For US Economy: Grantham Wednesday, 27 Oct 2010 | 11:37 AM ET

    Fund manager Jeremy Grantham, long a Federal Reserve critic, issued a blistering attack on Fed policies, likening them to a Halloween horror movie that is dangerous to the economy.

  • Fed Policies Are a Horror Show For US Economy: Grantham Wednesday, 27 Oct 2010 | 11:26 AM ET

    Fund manager Jeremy Grantham, long a Federal Reserve critic, issued a blistering attack on Fed policies, likening them to a Halloween horror movie that is dangerous to the economy.

  • Federal Reserve 'Terrified' of Deflation: El-Erian Tuesday, 26 Oct 2010 | 3:53 PM ET

    The Federal Reserve will announce a new round of easing next week because it is “terrified” of deflation, Mohamed El-Erian, chief executive officer of PIMCO, told CNBC.

  • Making Do With Less is the 'New Retirement' Tuesday, 26 Oct 2010 | 12:28 PM ET
    Retirement

    Longer life expectancies, rising health-care costs and dwindling investment portfolios could be devastating to the personal finances of pre-retirees, unless serious changes are made in retirement planning.  Welcome to the new retirement normal.

  • The US can afford another stimulus package but needs to commit to long-term deficit reduction to help states handle pension liability, Laura D’Andrea Tyson, an economic adviser to Obama, told CNBC Monday.

  • Quantitative easing, a government tool used to increase the money supply in a recessionary economy, could be effective as a temporary strategy, but it could have adverse effects if kept in place for an extended period of time, according to Jim McCaughan, CEO of Principal Global Investors.

  • The housing market won’t trend up significantly until it hits bottom, the chairman of the Mortgage Bankers Association, Michael Berman told CNBC Monday, and two changes need to take place before that happens.

  • Big US Firms Lifted by Rising Overseas Demand Monday, 25 Oct 2010 | 4:43 AM ET
    Caterpillar

    The US economy may be faltering, but many big names in American manufacturing are going from strength to strength, reports the Financial Times.

  • US Economy to Grow at Slower Pace: Survey Monday, 25 Oct 2010 | 3:36 AM ET

    The U.S. economy should continue to grow this year, though forecasters have lowered their expectations about the pace of recovery, according to a new survey.

  • Job Losses

    Yesterday’s initial jobless claims number came to 452K, slightly below analyst expectations of 455K. This is good news. On the other hand, the prior week’s 462K initial release was revised higher to 475K. This is bad news.

  • Job Losses

    Unemployment in most states either stayed the same or improved slightly in September.  Twenty-three states and Washington, D.C. reported unemployment fell, while 11 states registered increases and 16 states remained unchanged,.

  • Men and Women Split on Obama, Tea Party, Economy Thursday, 21 Oct 2010 | 2:39 PM ET

    Politically, female respondents were more gentle on the Obama Administration and more critical of Republican responses to the White House., according to a new CNBC All-America Survey. And the two genders are definitely split on the issue of regulation and the Tea Party.

  • Farrell: A Green Shoot is a Green Shoot Thursday, 21 Oct 2010 | 10:33 AM ET
    NYSE trader

    My favorite new index is the Architectural Billings Index. The what? Yeah, the old reliable ABI. I never heard of it, but it's now my favorite.

  • The American dream appears increasingly elusive to the average citizen, with the CNBC All-America Economic Survey finding continued high levels of pessimism in the nation’s outlook for incomes, home values and the future of the economy.

  • Wachovia Deal Yielded $21 Billion Profit: Wells Fargo CFO Wednesday, 20 Oct 2010 | 4:25 PM ET
    Wells Fargo bank

    The country’s largest home lender, Wells Fargo & Co., has realized $21 billion of profit since it merged with Wachovia two years ago, its CFO Howard Atkins, told CNBC Wednesday.

  • Postcard From China to Fed: Not Time to Raise Rates Wednesday, 20 Oct 2010 | 2:59 PM ET
    The Federal Reserve headquarters in Washington, DC.

    China's move to raise interest rates can serve both as a sneak preview to what might happen when other central banks start down the same road, and as an assurance that the Federal Reserve is nowhere near that point.

  • Read Full Text Here Wednesday, 20 Oct 2010 | 2:24 PM ET
    Federal Reserve

    Read the full text of the latest Federal Reserve Beige Book report here.