Month: July 2012

July
30

Provided by: Jon McGraw

How one sentence from one man can spark a major rally…

“Within our mandate, the ECB is willing to do whatever it takes to preserve the euro and, believe me, it will be enough.” –Mario Draghi, European Central Bank (ECB) President It’s quite amazing how one sentence from one man can help spark a major rally in stocks, bonds, and the euro currency. Draghi’s comments last…

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July
24

Provided by: Jon McGraw

The man with his finger on the pulse says the U.S. economy faces two main risks

The man with his finger on the pulse says the U.S. economy faces two main risks. We have no control over one of those risks and the other, well, we do have some control, but whether our politicians will appropriately exercise that control is a big question. Federal Reserve Chairman Ben Bernanke faced Congress last…

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July
17

Provided by: Jon McGraw

Raising rates to stimulate the economy?!?!

Should the Federal Reserve raise interest rates to fire up the economy? For the past few years, the Fed has been on a mission to lower rates as much as possible. The thinking is lower rates will spur economic growth by making it less costly for businesses and consumers to borrow money. Unfortunately, it hasn’t…

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July
10

Provided by: Jon McGraw

Where is the recovery in the US job market?

In the 10 recessions between World War II and 2001, the jobs lost during the recession were fully recovered within 4 years of the previous peak in employment, according to the blog, Calculated Risk. In fact, with the exception of the 2001 recession, the previous 9 recessions had recovered all their lost jobs within a…

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