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Posts Tagged ‘Bernanke’

August 2011 Economic Overview

August 2011 Economic Overview

US companies are reluctant to hire because of weak consumer demand. America's economic recovery in the first half of this year was much weaker than assumed. Official data showed GDP rising by just 1.3% at an annual rate in the second quarter and by a revised 0.4% in the first three months. Even with Congress lifting the debt ceiling, [...]

August 2010 Economic Overview

August 2010 Economic Overview

The outlook for the world economy is unusually uncertain. The US Financial Reform Bill was the mouse that roared. It restrains banks’ proprietary trading but does not stop it; banks can still invest in hedge funds and in Private Equity firms; as for the new consumer protection agency, we will have to see if it actually works. Enforcement is the [...]