Discussions
Sears wins reprieve from liquidation as Chairman Lampert makes last-minute bid on bankrupt company
Via: perrie-halpern
•
Stock Market & Investments
•
24 Comments
•
8 years ago
By Lauren Hirsch, CNBC Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a bid in an effort to buy the retailer and keep it...
Why we spend money on things we shouldn't (and how to break the cycle)
Via: perrie-halpern
•
Stock Market & Investments
•
6 Comments
•
8 years ago
By Jean Chatzky I can’t really afford this, but I love it … I really shouldn’t have bought that, but I needed a pick me up … Is this what a spending hangover feels like? Sound familiar?...
Market gains for 2018 wiped out by plunging stocks
Via: perrie-halpern
•
Stock Market & Investments
•
7 Comments
•
8 years ago
By Lucy Bayly The stock market slid dramatically on Tuesday after a slew of disappointing corporate earnings dragged down the Dow Jones Industrial Average and the S&P 500, erasing all...
Mainstream Economics Has Become a Celebration of the Wealthy Rentier Class
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
To paraphrase Mark Twain , everyone complains about inequality, but nobody does anything about it. What they do is to use “inequality” as a takeoff point to project their own views on how to...
We’re Measuring the Economy All Wrong
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
Ten years after the collapse of Lehman Brothers , the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is...
The real Goldfinger: the London banker who broke the world
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
E very January , to coincide with the World Economic Forum in Davos, Oxfam tells us how much richer the world’s richest people have got. In 2016, their report showed that the wealthiest 62...
Ten years on, the Fed’s failings on Lehman Brothers are all too clear
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
The key policymakers have always maintained they had no choice but to let Lehman collapse. That’s simply not true. In 2007 Fortune magazine ranked Lehman Brothers investment bank number 1 on...
Four Definitions of Money. All Correct.
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
Money makes the world go round . That may well be true, but money certainly makes the economics world go round. It’s the discipline’s special purview, the numeric linchpin that gives...
One chart that shows how much worse income inequality is in America than Europe
Via: bob-nelson
•
Stock Market & Investments
•
350 Comments
•
8 years ago
The income share of the poorest half of Americans is declining while the richest have grabbed more. In Europe, it’s not happening. Income inequality is a growing problem in the United...
For Wages, a Trump Slump
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
The official economic indicators look pretty good. The trends in hourly pay do not. Paul Ryan tried to brag about the economy last week, and it didn’t go so well. “Not too long ago,...
Stock buybacks, explained
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
The tax cuts have put stock buybacks in the spotlight. Here’s what they are — and why you should care. The Republican tax cuts have been great for corporations, which have spent billions of...
Big Business Reaps Trump’s Whirlwind
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
The imminent prospect of a trade war , it seems, concentrates the mind. Until very recently, big business and the institutions that represent its interests didn’t seem to be taking President...
Your Credit Card Will Pay for the Next Recession
Via: bob-nelson
•
Stock Market & Investments
•
45 Comments
•
8 years ago
Every three months , a select group of Federal Reserve officials gets together to guess where the federal funds rate is headed. That’s the interest rate banks charge one another for overnight...
Trump’s Taking Us From Temper Tantrum to Trade War
Via: bob-nelson
•
Stock Market & Investments
•
4 Comments
•
8 years ago
In one way, Donald Trump’s attack on our foreign trade partners resembles his attack on immigrants: in each case, the attack is framed as a response to evildoing that exists only in his...
Trump’s Potemkin Economy
Via: bob-nelson
•
Stock Market & Investments
•
3 Comments
•
8 years ago
According to legend , Grigory Potemkin, one of Catherine the Great’s ministers (and her lover), created a false impression of prosperity when the empress toured Ukraine. He supposedly did this...
America’s cheese stockpile just hit an all-time high
Via: bob-nelson
•
Stock Market & Investments
•
1 Comments
•
8 years ago
The United States has amassed its largest stockpile of cheese in the 100 years since regulators began keeping tabs, the result of booming domestic production of milk and consumers’ waning...
For the last time: Trump inherited a good economy, and he hasn’t made it better
Via: bob-nelson
•
Stock Market & Investments
•
9 Comments
•
8 years ago
President Trump, who came into office when unemployment was at a then-10-year low, thinks that he was “given a very tough hand,” because when he “came up here, we had an economy that was going...
For the biggest group of American workers, wages aren’t just flat. They’re falling.
Via: bob-nelson
•
Stock Market & Investments
•
2 Comments
•
8 years ago
President Trump has touted a strong economy, but one measure shows the value of wages has decreased for most American workers. Jeff Swensen/Getty Images The average hourly wage paid to...
Killing the Myth of the Gig Economy
Via: bob-nelson
•
Stock Market & Investments
•
4 Comments
•
8 years ago
Many pundit types were thrown for a loop by the Labor Department's release of its Contingent Worker Survey yesterday. The survey, the first one since 2005, showed no increase in the percentage of...
No You Assholes, Obama Did Not Do It Too
Via: bob-nelson
•
Stock Market & Investments
•
105 Comments
•
8 years ago
Let's get this straight: Donald Trump did something unbelievably stupid when he tweeted about the jobs report last Friday morning, 69 minutes before it was public. The president gets an advance...
The Jobs Recovery: A Longer View
Via: bob-nelson
•
Stock Market & Investments
•
3 Comments
•
8 years ago
With the monthly job-creation streak continuing to set records, the data shed light both on the rebound from the recession and on what’s left to be desired. Friday’s jobs report was a...
Oh, What a Stupid Trade War (Very Slightly Wonkish)
Via: bob-nelson
•
Stock Market & Investments
•
138 Comments
•
8 years ago
So, the trade war is on . And what a stupid trade war it is. Steel pipes being uploaded for transport in Sassnitz, Germany. Stefan Sauer/DPA, via Associated Press My regular column...
Washington Post Headline Writer Hypes Trucker Shortage
Via: bob-nelson
•
Stock Market & Investments
•
2 Comments
•
8 years ago
The headline of the Washington Post article should have us all worried, "America has a massive truck driver shortage. Here's why few want an $80,000 job." That sounds pretty dramatic. The...
Capital’s Share of Income Is Way Higher than You Think
Via: bob-nelson
•
Stock Market & Investments
•
3 Comments
•
8 years ago
Almost half of households’ market income is received for just being wealthy: owning stuff. The shares of income going to “capital” and “labor” are vexed issues. How much is received for...
Who is online
71 visitors
