Labor/Economy
Economy Watch: More U.S. Homeowners Underwater in Fourth Quarter
The housing hangover continues; the House holds hearings on the future of the GSEs; and Bernanke beats his drum about the perpetually ballooning deficit.
Economy Watch: U.S. Home Prices Flat Between 2009 and ’10
Home prices have yet to hit bottom; small businesses are a bit less trepidatious; and the Fed attempts to define nonbanks that are too big to fail.
PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending Jan. 28, the economy is chugging along in all areas, except one. Jobs. Employment continues to lag behind, with the public sector still taking it on the chin.
Economy Watch: Retailers See Strong Sales in January
Winter woes did not stop consumers from spending in January; Bernanke reports good news for economic recovery, with one caveat; and ISM’s Non-Manufacturing Index shows some industries on the uptick as well.
Economy Watch: Employment Still on the Rise?
ADP reports an increase in private-sector employment; Moody’s expects improvement for CMBS in 2011; and construction is at a decade-long low.
Economy Watch: Investors Gung-Ho for Apartments in 2010
Apartment property investment sales grew a startling 96 percent last year; state revenues are starting to heal; and investing in Borders is probably not a good bet at the moment.
Economy Watch: Consumers Out Spending Again
Spending jumped, even though income still lags behind; there are a lot of empty homes out there; and Chicago’s economy is showing accelerated growth.
Economy Watch: 4Q GDP Growth Shows Strength
GDP showed growth coming out of 2010; wages and benefits showed a minor increase for workers lucky enough to have jobs; and Lloyds Banking Group is unloading bum property loans.
PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending Jan. 28, GDP and home sales showed some uptick. But that good news gets quickly swallowed by the enormous shadow of the federal deficit.