Tag Archives: managementprosconsulting.com

The Fed’s ‘tax on the consumer’, Managementprosconsulting

Investors have been cheering about the prospect of the Federal Reserve pumping more money into the economy, but some experts warn that move may wind up hurting consumers’ wallets. Ever since Fed Chairman Ben Bernanke pledged in late August that the central bank would take unconventional measures to keep the economy afloat, the S&P 500 [...]

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New rule: No more up-front fees for debt fixers

Companies that claim to settle your debts for less than you owe can no longer charge up-front fees for their services. Instead, they have to wait to collect from consumers until they actually deliver on the promise. The new rule goes into effect Wednesday and is part of the Federal Trade Commission’s effort to clamp [...]

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Auction at negative yield still draws demand

For the first time ever, the government auctioned off 5-year inflation-indexed Treasuries at a negative yield Monday, as investors bet rising prices will be an issue in the next five years. For more than three weeks, bond traders have focused on forecasts that the Fed will announce a second major round of asset purchases in [...]

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Goolsbee: Americans have a role in recovery

WASHINGTON – Americans can help the recovery along by saving more than in the past, but also by spending responsibly in proportion to income, one of President Obama’s top economic advisers said Tuesday. In a wide-ranging interview based on questions from CNNMoney.com readers, Council of Economic Advisers chairman Austan Goolsbee said the nation can’t simply [...]

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Why the U.S. can’t inflate its way out of debt

It’s dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process. So if  lawmakers can’t agree on a credible plan, some have suggested that the country could just “inflate its way” out of its fiscal ditch. The idea: Pursue policies that boost prices and wages and erode [...]

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The recession was made in China

A view of Shanghai’s financial district. China is booming at the expense of the U.S., David Frum says Washington (CNN) — The Financial Times reported Sunday that “global economic co-operation is in disarray and further battles in the currency war look likely after the weekend’s meetings of finance ministers and central bankers end with no [...]

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Where entrepreneurs need nerves of steel

For Glenn Oliver , it took a certain amount of faith in the unseen to launch a business in Detroit, the poorest major city in America. Oliver is a lawyer, not a businessman, whose experience included clerking for a Michigan Supreme Court justice and approving utility contracts. But an entrepreneurial streak that runs in his [...]

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