User: newstrust Topic: US Economy
Category: Financial Markets
Last updated: Feb 20 2018 19:12 IST RSS 2.0
 
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The Finance 202: Trump's best defense on Russia could be offense against China 20.2.2018 Washington Post: Politics
Several trade actions are pending.
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Stocks have their biggest weekly jump since 2013 17.2.2018 LA Times: Business

Stocks closed out their strongest week in five years Friday and have now recovered more than half of the losses they suffered in a plunge at the beginning of the month.

Investors got back to buying stocks almost as quickly as they started dumping them. The gain Friday was the sixth in a row for...

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Inflation is heating up. What should you do about it? 16.2.2018 LA Times: Nation

After years of low inflation, signs that wage and price growth finally are heating up were a major factor in this month’s financial market turbulence.

But the recovery from the Great Recession has seen these inflation flirtations before. And despite big January jumps in average hourly earnings...

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The Finance 202: Gas tax divides Republicans 15.2.2018 Washington Post: Politics
But it's one way of paying for the infrastructure package.
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The Finance 202: Trump administration gets real about cost of its tax plan 13.2.2018 Washington Post
The Finance 202: Trump administration gets real about cost of its tax plan
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Home Prices Won’t Be Going Down Anytime Soon 12.2.2018 The Moderate Voice

Over the last decade since the beginning of the Great Recession in 2007, home prices have made a steady comeback. Home prices hit their low in the Spring of 2011, having dropped over 20% since their peak in January of 2007. As the stock market makes a correction, one might ask, are we due for [...]

The post Home Prices Won’t Be Going Down Anytime Soon appeared first on The Moderate Voice.

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The stock market is worried about inflation. Should it be? 8.2.2018 SFGate: Business & Technology
To the degree the recent wild swings in the stock market are rooted in economic fundamentals, these are the fundamentals to fear: The already strong economy may overheat, inflation may spike, and the Federal Reserve may then raise interest rates more aggressively to try to combat that higher inflation. The kernel of evidence that supported those fears was a report Friday that average hourly earnings for American workers rose 2.9 percent over the 12 months ended in January, the highest since the economic expansion began nine years ago. It’s only a single data point, and an erratic one at that.
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Trump Has Some Thoughts on the Stock Market That I Don’t Understand 7.2.2018 Mother Jones
President Donald Trump on Wednesday offered his first take on the recent turmoil on Wall Street, sending out a perplexing tweet that appeared to imply that investors (maybe) or the markets themselves (maybe) were willfully ignoring the positive economic news for which he frequently takes credit. The tweet is the president’s first public reference to […]
The Finance 202: Wall Street chaos starts resembling Washington 7.2.2018 Washington Post
The Finance 202: Wall Street chaos starts resembling Washington
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Stocks shake losses and turn higher as wild ride continues 7.2.2018 Chicago Tribune: Business
Markets steadied Tuesday, a day after they suffered historic losses. On Tuesday, the Dow gained more than 560 points, closing just shy of 25,000. The Nasdaq and S&P 500 rallied, as well, each closing about 2 percent higher than Monday's close. After big moves higher and lower, U.S. stocks are ...
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Live By The Markets, Die By The Markets 6.2.2018 Outside the Beltway
Donald Trump spent much of the past year touting the rising stock market, now he's getting a lesson in reality.
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Global stock markets tumble after Wall Street battering 6.2.2018 Minnesota Public Radio: Business
Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that a potentially healthy pullback from record highs could turn into a protracted bear market.
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Stocks plunge, but it’s not a surprise to experts 6.2.2018 SFGate: Business & Technology
The U.S. stock market swung wildly on Monday, with by far the biggest single-day drop in the history of the Dow Jones industrial average — at one stage down 1,597 points from Friday’s close. The Dow finished down 4.6 percent, at 24,345.75, wiping out its gains for the year. By percentage, however, it was more like a 5.5 earthquake than a Loma Prieta. It was the worst loss in 6½ years, but nowhere near the top 20 all time. On a Monday in October 1987, the Dow fell 508 points — but that was nearly 23 percent of its value. Wells Fargo was among the Bay Area stocks hit the hardest, falling 9.2 percent to $58.16.
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US economy still fundamentally strong despite falling stocks 5.2.2018 AP Business
WASHINGTON (AP) -- A wave of fear about inflation and higher interest rates has sent stock prices tumbling and raised concerns about corporate profits. Yet the rush of anxiety has obscured a fundamental fact about the U.S. economy: It's healthy....
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The Finance 202: Yellen's 'mic drop' lands on Wells Fargo 5.2.2018 Washington Post: Politics
Jay Powell takes over the Fed.
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The Finance 202: Trump administration is winning the war on the CFPB 2.2.2018 Washington Post
The Finance 202: Trump administration is winning the war on the CFPB
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A Fabulous Failure: Clinton’s 1990s and the Origins of Our Times 29.1.2018 American Prospect
This article appears in the Winter 2018 issue of The American Prospect magazine. Subscribe here .  Hillary Clinton’s loss of the industrial Midwest to Donald Trump sealed her fate on Election Day 2016. This defeat, both narrow and catastrophic, had many architects, but one of the most consequential occupied the White House nearly 25 years before, when her husband faced an America whose stagnant economy, rampant deindustrialization, and giant trade deficit cried out for structural reforms to decisively break with Reagan-style laissez-faire and renew the allegiance of hard-pressed voters with the party of Roosevelt, Truman, and Johnson. But this was precisely what Bill Clinton failed to do. Many recall the 1990s as a moment of economic triumph with increasingly low unemployment, 4 percent annual economic growth, a booming stock market, even a balanced federal budget by the end of the millennium. Economists Alan Blinder and Janet Yellen called those years the “Fabulous Decade” in 2001, while a 2015 opinion ...
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Are we hostage to the stock market? 29.1.2018 Washington Post
Are we hostage to the stock market?
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The Battle of the Georgetown Mill 24.1.2018 American Prospect
This article appears in the Winter 2018 issue of The American Prospect magazine. Subscribe here .  Ed Green worked in Georgetown, South Carolina’s steel mill for almost four decades, overlapping with his father, who helped build the mill. His friends died, he won and lost union elections, and he challenged management to hire more black craftsmen. In later years, Green’s hips gave out, victims of contorting his body into crevices of the mill. His buddies called him Fred Sanford, after the television series’ title character, who wobbled more than walked. Though the mill closed in 2015, Green still regularly comes to the Steelworkers Union Hall. Paul Skoko, a retired English teacher, grew up in the historic district of Georgetown, across Front Street from where Green’s father helped to build the mill. Skoko has remained in the house so he can continue to play the organ at his church, as he’s done for the past 52 years. The steel mill turned Skoko’s house a shade of rust. Since 2002, he has refused to paint. ...
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The Finance 202: Wall Street shrugs as Washington careens toward a shutdown 19.1.2018 Washington Post: Politics
The economic effects are likely to be muted.
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