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If they say it, it must be so ... On Thursday Goldman Sachs said that since inventory liquidation has been so pervasive, the second half of 2009 will see stronger growth as that liquidation process is reversed...We have been feeling the same for some time.
If domestic spending has been the engine of economic growth in the past few decades, then the coming recovery — and the job creation that comes with it — won't be a smooth ride.
Some of the nation's top economic forecasters have gathered for their annual pow-wow in the woods of Maine to compare notes and reflect on the state of the economy.
July's employment report could show job losses abating more than expected, even as the unemployment rate creeps closer to 10 percent.
Consumer spending has been so shaken that it will take years to recover. And even then, the growth will be slow and painful and with subpar job creation.
Although the U.S. economy is losing jobs at a slower rate, unemployment could still exceed 10 percent, said Tig Gilliam, CEO of staffing company Adecco North America.
Stocks are in a "new bull market" and its main benchmark, the S&P 500, shouldbe in the 1050-to 1100 range by the end of the year, market guru Abby Joseph Cohen told CNBC.
Everett Dirksen (late Senator from Illinois) used to think $1 billion was a lot of money. "A billion here, a billion there and pretty soon you're talking about real money" he said in a famous hearing in the 1950's. It now seems a drop in the bucket when you think about a $787 billion stimulus package and a $1.8 trillion budget deficit.
Weekly jobless claims and retailers' monthly sales reports combine to challenge stocks Thursday and will likely paint a picture of a consumer still very much under pressure.
Venturing back to a region reeling in deep unemployment, President Barack Obama's latest mission in Indiana is to show that the costly stimulus plan he lobbied for is producing tangible help — $2.4 billion in taxpayer grants to create electric cars and tens of thousands of jobs.
Stocks are at a pivotal point that has some traders looking for a pullback but others afraid to be caught short.
Pending home sales rose for the fifth consecutive month in June, easily topping expectations, according to the National Association of Realtors.
The progression of the economy has moved from a recession to a credit crisis to a financial panic back to a recession. The GDP numbers of last week encapsulate exactly where we're at: Q1 -6.4% and Q2 -1.0%. Due to the incredible sharp reduction in costs and inventories in Q1, earnings beat expectations by a historical amount and generated a massive up move in equities. It is truly a case of falling so far that everything looks up from here.
Better economic news keeps biting into the dollar, and it could for awhile. That trend is also propelling stocks, and on Monday, the S&P 500, the Dow and Nasdaq all closed sharply higher. They also all cracked big round numbers, with the Dow finishing up 1.25 percent higher at 9286, its first close above 9200 since November.
"But I've said nothing so far. And I can keep it up for as long as it takes And it don't matter who you are If I'm doing my job then its your resolve that breaks Because the hook brings you back" (Blues Traveler; "Hook").
Employment compensation for U.S. workers has grown over the past 12 months by the lowest amount on record, reflecting the severe recession that has gripped the country.
Tens of thousands of unsafe or decaying bridges carrying 100 million drivers a day must wait for repairs because states are spending stimulus money on spans that are already in good shape or on easier projects like repaving roads, an Associated Press analysis shows.
A hot July for stocks has set the stage for a rally that should run right into August.
Friday's GDP report is expected to show the economy shrank further in the second quarter, but many economists believe the recession has finally hit bottom.
After a year and a half of declining payrolls, economists are more certain there will be modest job creation than either a "jobless recovery" or an outright jobs boom.