From a report in The Asset Magazine: “It is time. According to HSBC, one of the biggest banks in the region, it is time for sharper rises in interest rates and more restrictive monetary policies to counter the disturbing trend of asset prices in the region that are rising to unsustainable “bubble†levels. In a report …
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The U.S. unemployment rate held steady at 9.7% in March. The number of unemployed persons remained little unchanged at 15.0 million. Last month employers added 162,000 jobs but 48,000 of them were temporary workers hired for the 2010 census. In the manufacturing sector, 2.1 million jobs have been lost since December 2007. 17,000 jobs were …
Continue reading ‘One Effect of U.S. Trade with China: 2.4 Million Jobs Lost’ »
Last September Forbes magazine published The Richest People in America. From the report: “America’s super rich are getting poorer. For only the fifth time since 1982, the collective net worth of The Forbes 400, our annual tally of the nation’s richest people, has declined, falling $300 billion in the past 12 months from $1.57 trillion …
An article in the Wall Street Journal on Friday lays out one reason why many U.S. states are facing deep budget deficit issues. From the article: “What if government workers earned the average of what private workers earn? States and localities would save $339 billion a year from their more than $2.1 trillion budgets. These …
Continue reading ‘Who are America’s Most Privileged Workers ?’ »
An article in the latest edition of IMF’s Finance & Development magazine offers a historical perspective on housing prices and explores the causes of boom-and-bust cycles in the housing market. From the article titled Housing Prices: More Room to Fall?: “IN 1625, Pieter Fransz built a house in Amsterdam’s new Herengracht neighborhood. As the Dutch …