On September 20 2010 the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) a non-profit group based in Cambridge Massachusetts and the arbiter of when U.S. recessions begin and end officially declared that the recession ended in June 2009 when a trough in business activity occurred in the U.S. economy.
I had a meeting with a gentleman last week.  He shared a personal story about a high school graduation gift that his grandfather gave him.  It was a print of “The Art of Getting Along.”  The gift was not appreciated at the time but today it is one of his prized possessions and is displayed prominently in his office.  I liked his story so much
Trust in banks and the financial system in general is at historic lows. The Dow Jones Industrial Average dropped 700 points in just ten minutes on May 10 2010. Since the Great Recession started in mid 2007 over two trillion dollars of wealth has evaporated. According to the Conference Board consumer confidence in 2009 plunged to an all-time 41-year low.
What can economists and investors learn from meteorologists? Economics and finance professors in the Tippie College of Business at the University of Iowa are researching whether using multiple economic and financial models running concurrently can deliver more accurate economic forecasts than one model can.
Ben Franklin famously quipped that the only certainties in life were death and taxes. Of course with the Bush tax cuts scheduled to sunset at the end of the year and the midterm elections capable of changing the balance of power on Capitol Hill there is nothing certain about future tax policy.
It is an interesting time in our nation’s capital. The latest polls show that the Republican Party may gain more than the 39 seats necessary to tip the balance of power their way in the House.
When was the last time you got a raise? Corporate America has been stingy with raises during the downturn but pain has also been felt among the ranks of small business owners who have been hesitant to raise prices in a tough economy. In fact the uncertain economy has promoted many companies to cut internal costs and even lower prices.
How many of us would list luck as the key ingredient for a top performing mutual fund? That’s certainly not the message we receive from most mutual fund companies that stress the expertise and trading skill of their top managers.
If you are paying college tuition watching your bills increase faster than the rate of inflation you might be asking yourself this question. Over the course of a working life it’s been estimated that college grads earn from $900000 to $1.6 million more than workers without a degree.
A few weeks ago more than three dozen billionaires signed up for The Giving Pledge an effort by Bill and Melinda Gates and Warren Buffett to encourage wealthy people to give at least half of their fortunes to charity.