Written by Bigger, as the Federal Reserve may soon discover, is not always better. READ MORE »
Posts tagged economists
Wall Street Surges After Upbeat Economic Reports
Shares on Wall Street surged Wednesday, following the direction of indexes in Asia and Europe, after a crucial manufacturing gauge in the United States unexpectedly rose in August and earlier indicators showed strong growth in China and Australia. READ MORE »
Canadian Companies Plan to Increase Jobs in Fourth Quarter, Manpower Says
Canadian employers plan to increase hiring in the fourth quarter, led by miners and durable goods manufacturers, according to a survey by Manpower Inc. READ MORE »
Consumer Credit in U.S. Fell $3.6 Billion in July, Fed Says
Consumer borrowing in the U.S. declined for a sixth straight month in July, indicating Americans are reluctant to take on more debt without faster job growth. READ MORE »
China’s Posts Trade Surplus of $20 Billion in August
A surprisingly large surge in imports reduced China’s trade surplus in August, government data showed on Friday, but at just above $20 billion the surplus was still high enough to remain as a bone of contention in relations with the United States, which has argued that China has an unfair trade advantage because of a weak renminbi.
In June, China promised to allow more flexibility in the exchange rate with the U.S. dollar, but the rise in the renminbi so far has been minimal. READ MORE »