The casual observer might think that the people running Washington would be better suited to be actors in a soap opera. The worms keep turning the same ground over and over. While most analysts believe there might be a brief shutdown of non-essential services, they also believe that some systemic accommodation will be reached at the proverbial 11th hour.
The reason why the right wing now is fighting so hard to "defund" the Affordable Healthcare Act is that next week consumers will be able to enter the health... Read more
American jobs data released today was better than expected and it again thrust the tapering of QE3 to the front burner, nudging away the immanent government "shutdown" threatened by right wing members of Congress. On the other hand, the overall economic growth of the U.S in the second quarter grew slightly more slowly than the consensus of economists had forecast.
Whether the decline in weekly unemployment filings translates to actual jobs creation or if it is another sign that people are quitting the labor pool remains to be seen. And, regardless of the... Read more