News
CNN Money | Consumers spending nearly 10% more than in 2009
American consumers are spending nearly 10% more than they did four years ago when the country was reeling from the effects of the financial crisis, according to an analysis of the spending behaviors of millions of Mint.com account holders.
Market Watch | Consumer-credit growth slows in March
U.S. consumers increased their debt in March by a seasonally adjusted $8.0 billion, the smallest increase since last July, the Federal Reserve said.
CNN Money | Oil companies target America for investment
Here's an intriguing switch in the energy market: U.S. oil firms have been selling off their assets overseas and investing the money in America's domestic fields.
CNBC | Demystifying the Economy-Stock Market Divide
Call it the "great" recession. Lombard Street insists the U.S. slipped into recession in the second quarter as the full brunt of the budget cuts known as the sequester hit. Even the rosiest of forecasters acknowledge growth slowed sharply from the first three months of the year. And yet major U.S. stock indexes continue swaggering to fresh all-time highs.
Econ Comments & Analysis
Real Clear Markets | College Is The Holy Grail, But Should Everyone Go?
The new Holy Grail in American life appears to be a four-year college degree. Almost all high school students and their parents aspire to go to college, and high school graduates are enrolling in much higher numbers than in the past.
Bloomberg | IMF’s Lipton Says U.S. Economy Held Back by Government
U.S. economic growth would reach as much as 4 percent if it weren’t held back by an underperforming government sector, said David Lipton, the First Deputy Managing Director of the International Monetary Fund.
Politico | How to talk about immigration reform
As we watch the Senate’s bipartisan Gang of Eight hold common ground on immigration reform, our Martínez and Martinez “Gang of Two” from opposite sides of the aisle adds its 2 centavos on language to use and avoid during the coming weeks of legislative sausage making. Because, as a few have already learned to their regret, words do matter when discussing this issue.
