All Posts Tagged With: "united states economy"

Weak Consumer Spending, Record-Low Consumer Confidence Spell Bad News for the U.S. Economy

Consumer spending - the driving force behind the U.S. economy - slowed in April.

Soaring prices wiped out any benefit from the scant 0.2% increase in consumer spending in April, the Commerce Department announced. After adjustment for inflation, consumer spending was…

2Jun2008 | Money Morning | 0 comments | Continued

U.S. Economy Expanded Faster than Reported, With First Quarter GDP Revised Upward to 0.9%

Real gross domestic product (GDP) increased at an annual rate of 0.9% in the first quarter, the Bureau of Economic Analysis (BEA) announced yesterday (Wednesday).

“We are somewhere in the twilight zone between an expansion and a recession,” Michael Feroli, an…

30May2008 | Money Morning | 1 comment | Continued

April Durable Goods Unexpectedly Improve, Shining Soft Light on U.S. Economy

Orders for durable goods, excluding transportation, rose 2.5% in April, an unexpected gain that underscores that a weak greenback and strong overseas demand for American-made goods are helping recharge the downtrodden U.S. economy.

Total orders last month shrunk by 0.5%…

29May2008 | Money Morning | 0 comments | Continued

Warren Buffett, the “Oracle of Omaha,” Tells German Audiences That the U.S. Economy is in a Deep Recession

The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investment guru Warren Buffett said in an interview published Saturday in the German magazine Der Spiegel.

The United States is “already in…

27May2008 | Money Morning | 1 comment | Continued

United States Economy: Survival of the Unfittest

I would like to begin this post with a brief excerpt from an article in the latest Time Magazine article titled, “The Federal Job Machine” dated sometime in early ‘07.

“President George W. Bush labored to make the case that the…

24Apr2008 | Stephen Oakes | 0 comments | Continued

U.S. Consumers Destined for a Future with Fewer Choices, Much-Higher Costs

Recent high-profile bankruptcies of mainstay American retailers, such as Sharper Image Corp. (SHRPQ) and Linens Holding Co.’s Linens ‘n Things, as well as the proposed mergers between Blockbuster Inc. (BBI)/Circuit City Stores Inc. (CC) and Delta Air Lines Inc. (DAL)/Northwest…

23Apr2008 | Money Morning | 0 comments | Continued