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Economic Measures

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  • Is Fed Chairman Bernanke Doing a Good Job? Friday, 27 Aug 2010 | 7:52 AM ET
    Ben Bernanke

    Share your opinion in today's poll.

  • New Orleans Business 2010: Tale of Two Cities Thursday, 26 Aug 2010 | 5:59 PM ET
    Then And Now: New Orleans Five Years After The Katrina Disaster

    The Katrina anniversary is all about contrasts. More than one resident has called it a tale of two cities and, as cliched as that phrase may be, it certainly applies here.  Unemployment is below the national average, but poverty is twice the national rate.

  • Bernanke Must Be Clear on Objectives: BofA Economist Thursday, 26 Aug 2010 | 4:00 PM ET

    "In its recent statements, the Fed didn't explain its actions after modestly changing policy," Bank of America chief economist Mickey Levy said. "Bernanke  needs to lay out what the Fed's views are on inflation."

  • Foreclosure sign

    As long as we think housing is still in deep trouble, nobody's going to make a move.

  • Fed Tackles Economic Challenges at Jackson Hole Thursday, 26 Aug 2010 | 10:43 AM ET

    Members of the Federal Reserve, led by chairman Ben Bernanke, are meeting at their annual symposium in Jackson Hole, Wyo. All eyes and ears will be on Bernanke's remarks to the group on Friday, which will be his first public comments since the Fed announced it will use  proceeds from  mortgage bonds to buy Treasury securities.

  • Economy Losing Momentum For Recovery: El-Erian Thursday, 26 Aug 2010 | 10:21 AM ET
    Job Losses

    "Today's numbers (jobless claims) are better than last week's," said El-Erian, CEO of the world's largest bond fund. "But it's not a good overall.  And the bigger picture is that the economy is losing momentum when it comes to growth."

  • Chances of Double Dip Now Over 40%: Roubini Thursday, 26 Aug 2010 | 9:28 AM ET
    Nouriel Roubini

    The chances of a double-dip recession are now more than 40 percent and the U.S. is facing a "liquidity trap" where financial and credit systems get stuck,  economist Nouriel Roubini said.

  • Fed's Hoenig: We're Still in 'Modest' Recovery Thursday, 26 Aug 2010 | 8:52 AM ET

    The US economy is in a "modest" recovery despite a recent spate of disappointing economic reports, said Kansas City Federal Reserve President Thomas Hoenig.

  • Cut Down Payments to Boost Housing Recovery: Gross Wednesday, 25 Aug 2010 | 3:30 PM ET

    Government-sponsored enterprises Fannie Mae and Freddie Mac need to ease the requirements for down payments so debt-stressed consumers can afford to buy houses again, Pimco's Bill Gross told CNBC.

  • During times of slow economic growth, stocks have risen twice as often as they have fallen. The trend is important amid a series of GDP downgrades and worries that the economy even could fall into a double-dip or worse.

  • Recovery in Danger as Firms, Homebuyers Cut Back Wednesday, 25 Aug 2010 | 11:19 AM ET
    Recession-themed newsprint cuttings

    The economic recovery appears to be stalling as companies cut back last month on their investments in equipment and machines and Americans bought new homes at the weakest pace in decades.

  • For Gulf Tourism, Perception is the Problem Wednesday, 25 Aug 2010 | 9:53 AM ET
    One man improvises and uses a shovel as an oar as residents of New Orleans' Mid-City district row their boats down a street in their flooded neighborhood. A week after Hurricane Katrina ravaged the city, many people say they have no desire to evacuate, despite dwindling supplies, no running water, stifling heat and filthy floodwaters.

    Beaches have been cleaned of crude, the leak has been plugged and some cities never had oil wash ashore at all.  Still, tourists stay away from what they fear are oil-coated coastlines—a perception officials say could take years to overcome and cost the region billions of dollars.

  • Home Prices: They're Not Quite What They Seem Tuesday, 24 Aug 2010 | 2:06 PM ET

    "The buyers who left the market in the latest round are typical first-time buyers," says one market watcher, "but people who continue to stay in the market (are) people ... buying higher-priced homes."

  • New Orleans Needs More Time to Rebuild: Mayor Tuesday, 24 Aug 2010 | 11:40 AM ET
    Two men use boards as paddles as they row a boat loaded with water bottles past a hardware store in New Orleans' Mid-City district, which remains submerged in some 8-12 feet of water in the aftermath of Hurricane Katrina.

    Five years after Hurricane Katrina destroyed New Orleans, the city's mayor said its recovery—slowed by the Gulf oil spill—will take at least another five years.

  • Economy Caught in Depression, Not Recession: Rosenberg Tuesday, 24 Aug 2010 | 11:23 AM ET

    Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, economist David Rosenberg said Tuesday.

  • BofA CEO Buys 30,000 Shares of Company Stock Tuesday, 24 Aug 2010 | 4:16 AM ET

    A regulatory filing shows Bank of America CEO Brian Moynihan has bought 30,000 shares of common stock in the company, a possible signal to Wall Street that the executive believes BofA's stock is undervalued.

  • Housing in 'Double-Dip': Economist Zandi Monday, 23 Aug 2010 | 6:10 PM ET

    The US housing market is in a double-dip recession, Moody’s Analystics chief economist Mark Zandi told CNBC Monday.

  • Add Tax Brackets for the Super-Rich: Budget Expert Monday, 23 Aug 2010 | 3:16 PM ET
    Treasury Seal

    The U.S. should add income tax brackets for those making $1 million, $5 million and $10 million, a tax and federal budget expert from the think tank the Center for American Progress told CNBC Monday.

  • $50,000 Jobs Go Begging Monday, 23 Aug 2010 | 10:32 AM ET

    While the unemployment rolls are swelling, Carlisle Companies CEO and Chairman David Roberts told CNBC Friday that he wants to hire, but can’t find enough qualified workers to fill the slots.

  • Haines: Tax Cuts Do Contribute to Nation's Deficit Sunday, 22 Aug 2010 | 9:28 PM ET

    You can argue the deficit battle must wait until the economy is on more solid footing, but you cannot argue that the tax debate does not have significant impact on the deficit.