Government’s Next Step to Pull U.S Out of the Recession

When Lehman Brothers announced bankruptcy and the economy went into a recession, the Fed did its best to avoid a 1930s like scenario. It pumped a lot of money into the economy to maintain liquidity and help businesses survive.

Now that the economy is recovering, the Fed will have to act in the opposite direction in order to control the surplus money in the system or we’ll have to face a period of high inflation. Several economists have emphasized the need for the Fed to act before it is too late. [Read more…]

Manhattan Housing Market Shows Signs of Recovery

After almost two years of deep cuts in both sales and prices, there are signs that the housing market in Manhattan is finally stabilizing. The sales numbers are much higher as compared to what they were a year ago, and the increasing demand is ensuring that the price remains stable. [Read more…]

Americans Spending More as Optimism and Economy Improves

The unemployment problem plaguing the US may be affecting full recovery of the economy, but consumers are definitely more optimistic now as seen by the increased levels of spending in recent times. February’s statistics show that consumer spending steadily increased for the fifth month in a row, which is good news for policy makers, businesses, and the general public. [Read more…]

Unemployment Rate May Impede Economic Recovery

Even as some analysts hail the end of the global economic slowdown with the stock markets gaining momentum, the 10% unemployment rate, one of the highest in decades is a worrisome issue and certainly does not support the positive outlook. [Read more…]