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Economic Measures

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  • Foreclosure Sign

    Texas Attorney General Greg Abbott, who has called for a halt on foreclosures, told CNBC Tuesday, that sorting through the underlying problems caused by some wrongful foreclosures could take months to unwind and require lots of legal work.

  • Fed's Lockhart Leaning in Favor of More Bond Buying Tuesday, 19 Oct 2010 | 9:40 AM ET
    Atlanta Federal Reserve President and CEO Dennis Lockhart

    Atlanta Fed president Dennis Lockhart says he is leaning in favor of further quantitative easing—or increasing the nation's money supply—to help boost the struggling economy.

  • Will QE2 Sail into a Better Economy? Monday, 18 Oct 2010 | 4:10 PM ET
    Ben Bernanke, Federal Reserve Chairman

    Does the Fed head look at market-driven prices? Surely he does. But it’s equally certain that this will not deter him from pump-priming QE2. Underneath it all, Bernanke believes in the false Phillips Curve tradeoff between inflation and unemployment.

  • The rise in gun sales and food stamp demand are indicators of a fearful public that’s struggling financially, Nicholas Colas, chief market strategist, ConvergEx Group, told CNBC Monday.

  • Busch: The Easy QE2 Trade is Over Monday, 18 Oct 2010 | 11:36 AM ET

    Overnight, the US dollar has had a rally on what I'd call the "We-can-print-money-too!" theory of central bank easing.

  • Fed Needs Fiscal Help to Boost Economy: Fisher Monday, 18 Oct 2010 | 9:02 AM ET
    Richard W. Fisher, president of the Federal Bank of Dallas

    The Federal Reserve needs the help of fiscal and regulatory authorities if it is to help the US economy grow at a faster pace, Richard Fisher, President of the Federal Reserve Bank of Dallas, told CNBC Monday.

  • In Last Quarter of Year, a Focus on What's Working Sunday, 17 Oct 2010 | 5:29 PM ET
    New York Stock Exchange Traders

    The Dow Jones industrial average and the Standard & Poor's 500 index are both up more than 5 percent this year, and barring something dramatic will finish in the black.

  • Five Ways More Fed Easing Could Make Things Worse Friday, 15 Oct 2010 | 3:45 PM ET

    Fed Chairman Ben Bernanke took another step Friday toward further monetary stimulus, but in doing so left one key issue unanswered: What if all this intervention causes more harm than good?

  • US Ad Growth Is Like 'Emerging Market': Sorrell Friday, 15 Oct 2010 | 12:30 PM ET

    The United States has exhibited emerging-market growth this year in advertising, Sir Martin Sorrell, CEO of WPP Group, the world’s largest advertising agency told CNBC Friday.

  • Jobs a Big Concern for Food Makers: ConAgra CEO Thursday, 14 Oct 2010 | 5:51 PM ET

    Rising commodity prices and lingering consumer uncertainties have been eating away at food companies' margins. Until consumers bounce back, food makers will continue to feel the drag on retail pricing, ConAgra Foods Chief Executive Gary Rodkin tells CNBC on Thursday.

  • A home is advertised for sale at a foreclosure auction in Pasadena, California.

    As if the problems in foreclosures weren't enough, another potential problem for the nation's big banks is raising its head today and is the key reason that shares of banks such as Bank of America are down sharply and credit default swap for some banks are widening.

  • Tax Credits Not Enough to Jump-Start Hiring: Sperling Thursday, 14 Oct 2010 | 3:30 PM ET

    The only way to combat the unemployment rate is to see investment by companies in their capacity.  Companies are only going to hire more people if they have a demand for there goods or services, said Scott Sperling, co-president of THL Partners.

  • Foreclosure Halt Could Boost Home Prices: Economist Thursday, 14 Oct 2010 | 10:56 AM ET

    A halt to foreclosures could be a boost to home prices in the near term, Carl Riccadonna, US senior economist at Deutsche Bank, told CNBC Thursday.

  • Wells Adds to Crisis Over Home Seizures Thursday, 14 Oct 2010 | 10:10 AM ET
    Foreclosure

    The US mortgage foreclosure crisis deepened as it emerged that Wells Fargo may have used practices that prompted rivals to halt home repossessions, and JPMorgan Chase said banks might be fined over the issue.

  • China Can't Lead Knowledge-Based Future: Condi Rice Wednesday, 13 Oct 2010 | 5:13 PM ET

    China may well become the world’s largest economy, but because it has exhibited fear of the Internet in its policies, it “can’t lead a knowledge-based revolution,” former Secretary of State Condoleezza Rice told CNBC Wednesday.

  • All Markets Growing Except Housing: CSX CEO Wednesday, 13 Oct 2010 | 1:31 PM ET

    As the economy improves, railroad company CSX sees volume growing in most markets except housing, Michael Ward, the company's chairman & CEO told CNBC ahead of a post-earnings conference call on Wednesday.

  • Cutting Taxes Won't Help Recovery: Joseph Stiglitz Wednesday, 13 Oct 2010 | 8:21 AM ET
    Joseph Stiglitz

    The US government should stimulate investment in order to ensure solid and sustainable economic growth, not cut taxes, Nobel Prize-winning economist Joseph Stiglitz told CNBC Wednesday.

  • Fed Appears Ready to Launch More Monetary Easing Soon Tuesday, 12 Oct 2010 | 2:47 PM ET

    Most Federal Reserve members appear ready to launch a new round of monetary easing soon because of worries that the US economy is not recovering fast enough, according to minutes of the cental bank's September meeting.

  • Read Full Text Here Tuesday, 12 Oct 2010 | 2:08 PM ET
    Federal Reserve

    Read the full text of the minutes from the Federal Open Market Committee's Sept. 21 meeting here.

  • Scrutiny Continues in the Municipal Market: CEO Tuesday, 12 Oct 2010 | 1:52 PM ET

    Concerns linger over large state debt as a new report released today, by the Kellogg School of Management, estimates an additional $574 billion is unfunded liabilities from pension plans at the city and county levels.