Sorry folks, I was one month early. In January I forecast the unemployment rate would hit 9.8% by August. Meanwhile, even though it was clear the Fed was wildly off base in its adverse scenario, the

In January, I forecast the unemployment rate would hit 9.8% by August. Meanwhile, even though it was clear the Fed was wildly off base in its adverse scenario, the Fed upped it total to a mere 9.2% t

One reader from Arizona writes:“I know you've heard the story before: I purchased a house in 2005. It was a new build that was completed in May 2006, and I’ve been living in it since.&ldq

1. Fed Reports Housing "In the Doldrums"In a worrying sign that the economy may be further deteriorating, or perhaps an optimistic glimmer of hope, we can't really be sure, the Federal Rese

Wendy’s/Arby’s (WEN) plans to reduce the number of new store openings, underscoring about a one-third cutback in capital spending. The company plans to open 10 company-owned Wendy’s

The wire service headline signaled the end of the world as we know it: Analyst says iPhone production may be cut. Say it ain't so.Such a move might seem to spell doom for more than a few Apple aficio

 It’s a KO! According to Bloomberg, shares of Coca-Cola (KO) are higher this morning after third-quarter profits exceeded analyst estimates. The world’s largest soft drink maker

Consumers are reducing their use of credit as the economy becomes increasingly sour. Consumer borrowing declined in August for the first time in about 10 years as households reduced their use of

The Securities and Exchange Commission may require some US companies to switch to international accounting rules by 2014. The SEC says the change will make American companies more competitive in the

As the pendulum swings between greed and fear, investors typically behave in 1 of 2 ways: They either become over-enthusiastic during bull markets and over-despondent as the bear’s growl grows