May 28 2013
Here’s what we’re reading… Economists Predict Increase in Consumer Spending The National Association for Business Economics surveyed 49 economists at the end of April and the results show increased optimism for accelerated consumer spending this year, helping offset a contraction in government spending. Economists elevated their consumer spending growth forecast to 2.3 percent for 2013 [...]
May 7 2013
Here’s what we’re reading… U.S. Sees First Debt Reduction since 2007 as Revenue Rises This Bloomberg article summarizes the surprising announcement that the U.S. Treasury is now projecting it will pay down debt in the current quarter for the first time since the second quarter of 2007. The net pay-down of debt in the current [...]
Apr 4 2013
Here’s what we’re reading… A Bank Levy in Cyprus, and Why Not to Worry Global markets were roiled over the weekend when news broke that the European Union and the International Monetary Fund planned to take money directly from bank depositors as part of a bailout of Cyprus. Fears of a loss of confidence [...]
Mar 4 2013
Here’s what we’re reading… A Fine Italian Mess Yesterday investors had a close eye on Italian elections. In a blow to austerity and financial reform, parties that promised to scale back many of the financial sacrifices enacted by the current Monti government fared well. Markets had hoped to see a strong showing by Monti’s party, [...]
Jan 30 2013
Here’s what we’re reading… House Republicans Retreat on Debt Ceiling Fight by Suspending the Limit until May 19 The Republican-led U.S. House of Representatives announced it plans to vote on a bill as soon as January 23 to temporarily suspend the U.S. debt limit until May 19. The House suspension plan is accompanied by [...]
Nov 19 2012
Here’s what we’re reading… U.S. Oil Output to Overtake Saudi Arabia’s by 2020 The International Energy Agency released a report on November 12, forecasting the United States to become the largest oil producer in the world around the year 2020. Due to recent developments in hydraulic fracking technology, which fractures underground rock formations holding [...]
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