The Fed announced today that the financial crisis is over, the economy is in the midst of a turn-around, and that they’ve developed a simple plan to quickly pay off the deficit.
Category Archives: Economic
Breakfast with Marshall Vest
Just a reminder that on Thursday, June 18th, The University of Arizona, Eller College of Management, Economic and Business Research Center will host their 2009 Mid-Year Economic Update Breakfast in Tucson.
If you want to attend, make sure to RSVP by June 14th.
At this year’s breakfast, University of Arizona economists Gerald Swanson and Marshall Vest review [...]
Phoenix Rising from the Ashes?
According to an excerpt from the May 2009 National Association of Credit Management, Credit Managers’ Index:
Lately, there has been a great deal of discussion about whether or not there is reason for some optimism regarding the U.S. economy’s recovery. The phrases are showing up everywhere: “green shoots” and “light at the end of the tunnel” [...]
Is The Worst Behind Us?
From The Vanguard Group YouTube website:
Is the economy on the road to recovery? Is the worst behind us?
In his latest economic outlook, Joseph H. Davis, Ph.D., Vanguard’s chief economist, explains why the economy may be stabilizing and what a recovery might look like.
Personal Saving Rate Jumps
According to the Bureau of Economic Analysis, personal saving as a percentage of disposable personal income was 6.9% in May. It was 5.6% in April and 4.3% in March. The 6.9% rate was the largest since 7.6% in December 1993. The personal saving level of $768.8 billion, which followed an April level of $608.5 billion, [...]