Canada will stop making the penny, for reasons that would seem to apply equally well in the United States. For one thing, pennies cost more to make than they are worth.
Rising gas prices have yet to have much economic effect, but the situation could change soon, possibly affecting the stock market and the presidential election.
Despite buoyant returns for stocks so far this year, it’s hardly time for investors to whistle, “Don’t worry, be happy.” Big problems linger from 2011.
Ray Fair has studied the economy’s effect on American elections for decades. His projections show the president with a slight lead, but that might change.
The “beige book,” a quarterly report produced by Goldman Sachs that emphasizes pithy statements by executives in earnings conference calls, makes for disturbing reading about the economy.
The numbers do not back the idea that governmental gridlock is beneficial, but they do show that the market fares better when Congress isn’t in session.
When your portfolio shrinks, you may need bigger percentage gains than you think to climb back to where you started. That’s why it’s important to minimize losses in the first place.
The economy declined at a brisk pace in the first quarter and, by all accounts, it is still shrinking — yet the stock market climbed last week, and in April it posted its best monthly returns since 1991.
The stock market rally that began on March 9 kept on rolling last week, despite a grim economic report on Friday that showed unemployment in the United States rising to 8.5 percent.
Despite a decline on Friday, the stock market rose smartly again last week, extending the market’s rally since March 9 to a climb of more than 20 percent.
The stock market fell for a fourth consecutive week on poor earnings reports and on data showing that the economy contracted in the fourth quarter at the fastest pace in a quarter-century.
The price of oil fell during the week while inflation in July rose to a 5.6 percent annual rate, a 17-year high. There was no clear direction for the stock market.
Concern about the stability of Fannie Mae and Freddie Mac, the two mortgage-lending giants, weighed on the markets and sent stocks down again last week.