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5 weeks ago, Wall Street was mostly convinced that the economy was about to turn a corner. At the time, traders were piling into the stock market, chasing big gains and selling everything risk-averse. Mortgage bonds were in very low demand and the supply glut pushed rates north of 6 percent. Since then, [...]

With rising mortgage rates threatening the housing market’s recovery and the employment sector showing signs of life, there was this pervasive nervousness on Wall Street pre-FOMC that the Fed would make a bold statement to keep the economy on track. This would have been awful for mortgage rates. More Fed action would have [...]

Have you filed an extension and still trying to get the money together needed to pay your taxes? Owing money to the IRS is never fun, but in today’s economy…

While I agree with some of the economic stimulus measures that President Barack Obama is trying to implement, I do not agree with all of them. More specifically, I am not happy with the continued focus on credit as the engine of our economy. I have written several posts about the disconnect between what’s good [...]

As job losses continued nationwide last month, health care kept growing.
Nonfarm payrolls shrank by 345,000 in May, but the number of payroll jobs in health care grew by more than 23,000, according to new jobs numbers out from the feds this morning.
Over the past year, as the nation has lost about 6 million nonfarm payroll [...]

The changing economy can often mean regular job changes. Now, more than anytime in the past, people have more job changes and are regularly doing online career searches. With new…

18 months ago Las Vegas was one of the fastest growing areas of the United States. Now the economic downturn is hitting the city hard causing unemployment, abandoned casino projects and evicting people from their homes.

The economy collapsed and Las Vegas fells it. This 25 minutes long documentation shows various examples what happens in [...]

Many people are looking for a silver lining to this recession. I have been looking as well. And I’ve found one: the sales. There are sales everywhere, on a number of items that are normally rather expensive. Some of the items that you can get a discount right now include:

Car. This is a major one [...]

OK, yes, I just did a blog on how the insurance industry, although usually recession proof, is still taking a hit in this economy. Well, some analysts are thinking…

The Black Swan by Nassim Nicholas Taleb is a book about randomness in life and economy, concentrating and explaining the Black Swan phenomenon. Basically the Black Swan is a highly improbable event with huge influence on it’s surroundings. Although not foreseeable, the book teaches the reader how to deal with randomness and gives valuable [...]