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If the Yankees win the World Series the economy will have a nice bounce back in 2010 but if the Phillies prevail it will be a long slog to recovery, according to a Real Time Economics analysis of...
Amid criticism about the government’s handling of the financial crisis, two economists from the University of Chicago — a school not exactly known for its endorsement of government intervention...
Along with Thursday’s GDP report, the Department of Commerce offered an important clue to answering one of the biggest questions hanging over the U.S. economy: How quickly U.S. consumers can...
Mervyn King, governor of the Bank of England, says the solution to banks that are “too big to fail” is to have smaller banks. But Ben Bernanke, chairman of the U.S. Federal Reserve, says he...
U.K. gross domestic product contracted 0.4% in the third quarter from the second quarter, according to the first official reading. This dashed hopes of a return to positive growth, and marks the...
Economists react to the Bank of England monetary policy committee’s move to extend quantitative easing by 25 billion. Also, economists react to the ECB announcement today and ECB President Trichet’s remarks.
BOE REACTIONS
Only limited fireworks from...
U.K. Chancellor of the Exchequer Alistair Darling extended the ceiling Thursday on the Bank of England’s bond-buying program to 200 billion pounds, from 175 billion pounds.
The move comes after the Bank of England’s Monetary Policy Committee requested...
Many large retailers reported their October sales numbers this week, with most of them coming out the morning of Thursday, Nov. 5. Following an announcement in May, Wal-Mart and its units no longer publish monthly sales figures. Updates to come as more...
The Federal Reserve on Wednesday spelled out the factors that will determine how much longer itll keep its key interest rate near zero: as long as it sees low rates of resource utilization, subdued inflation trends, and stable inflation...
In the long search for the right metaphor to describe the terrible financial experience we all had last year, MIT economist Ricardo Caballero is casting his vote for one of the scariest: sudden cardiac arrest. And he warns that the world still suffers...
