Despite a slumping housing market, rising oil prices, flat auto sales, a weak U.S. dollar and waning consumer confidence, America's economy will not slip into recession, say University of Michigan economists.
The bursting of the proverbial real estate bubble coupled with a mortgage and credit crisis has many Americans murmuring "recession." Ben Liebman, Ph.D., an economist at Saint Joseph's University in Philadelphia, says that despite the opinion of some Americans, we are not in a recession. He expects Philadelphia's debate viewers to be interested in what the candidates have to say about the economy.
If you think sub-prime mortgage loans caused Wall Street trouble, just wait until debt problems spill over onto household spending. America's love affair with spending could trigger the most severe downturn in economic activity seen since at least the 1980s "” and possibly since the Great Depression.
A consumer and family finance expert offers advice to homeowners that could greatly increase their chances of keeping their homes if they are facing mortgage trouble. He suggests first talking to the mortgage holder to work out a deal and then if needed turning to a consumer credit counseling agency.
USC Marshall team presents findings at APEC summit.
John D. Rossi, III, CPA, associate professor of accounting at Moravian College can explain the complex situation including special accounting standards in relative non-technical terms and point out a key element missing in the media coverage of the crisis.
The latest round of bad news in the housing market dealt a blow to consumer confidence in August, causing a three-point drop to 78, its lowest level in a year, a new University of Florida study finds.
In response to federal banking regulators' concern about community banks' increased participation in commercial real-estate lending, a University of Arkansas researcher has developed a system that allows banks to perform stress tests on their commercial real-estate portfolios.
The stock market might be nervous now due to the subprime loan mess, but Stuart Greenbaum, former dean of the Olin School of Business at Washington University in St. Louis, is bullish on the situation.
Florida's housing market, thought to be stabilizing earlier this year, deteriorated in the latest quarterly survey conducted by the University of Florida, a situation likely brought on by uneasiness about lending practices, insurance rates and the state's property tax structure.
Hopeful homebuyers in Florida should act now: The price is right as the state's single-family residential housing market bottoms out, according to a University of Florida study released today.
Chinese foreign economic policy expert Chris Reardon, associate professor of political science at the University of New Hampshire, is available to discuss China's recent stock market drop and the larger implications of the increasing influence of China's impact on the global economy.
A movement to force credit-card companies to inform consumers of the high costs of using plastic is growing, according to a law professor at the University of Illinois at Urbana-Champaign.
RSS
Medicine keyboard_arrow_right
Sciencekeyboard_arrow_right
Life keyboard_arrow_right
Business keyboard_arrow_right
Journal News keyboard_arrow_right
By Location keyboard_arrow_right
Meetings, Grants, and Events keyboard_arrow_right