The headlines state that we are in uncertain, and in some ways, unprecedented times. The Federal Reserve has slashed rates to zero. Quantitative easing is now in place. Governments are making a concerted effort to stop the coronavirus contagion that threatens daily life and daily...
The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations following the Great Recession of 2008 and 2009 during congressional testimony this week. According to a report in The Wall Street Journal, the CEOs...
When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the United States was never going to recover. And not just in one branch of underwriting — for a short while there, it seemed...
For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are kind of broke – and they might always be. That is the worrisome take-away from a new Federal Reserve Bank of St....
May 26, 2020
The data on millennials’ lifetime earnings potential were already fairly grim long before the word “coronavirus” became part of everyone’s daily conversations – and before the U.S. economy all but shut down to slow that pandemic’s spread. A 2016 paper led by Stanford University Economist Raj Chetty found that millennials were in deeper economic trouble than a quick […]
March 16, 2020
The headlines state that we are in uncertain, and in some ways, unprecedented times. The Federal Reserve has slashed rates to zero. Quantitative easing is now in place. Governments are...
December 28, 2017
December 2017 is something of an anniversary for Americans – though one they probably don’t like to celebrate. Exactly one decade ago, the Great Recession officially began with the bursting of...
August 18, 2017
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for...
April 09, 2019
The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations following the Great Recession of 2008 and 2009 during congressional testimony this week. According to a report in The Wall Street Journal, the CEOs of JPMorgan, Citigroup and Goldman Sachs plan to present the […]
November 14, 2017
A bipartisan group of U.S. senators has agreed to lift some of the financial regulations placed on regional banks following the 2008 financial crisis, according to a Monday (Nov. 13)...
July 11, 2017
The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to correlate directly with spending patterns, which is why...
June 13, 2017
The pound has been on a downward spiral since the Brexit referendum, and that inflation is reflected in lack of consumer spending. In May, the U.K. saw its first decline...
