April 23, 2014

U.S. Q1 Slowdown: Can't Blame It All On Weather

By Lance Roberts at Street Talk Live

There has been much "hope" by mainstream economists that the slowdown in economic growth in the first quarter of this year was simply due to the blast of inclement weather that shuttered production in much of the North East. While the "weather story" most certainly had a negative impact on economic growth in the short term, there is not much evidence that an economic revival is in the offing.

Is Inflation Heading Higher in the U.S.?

By James Picerno of The Capital Speculator

Has the slow decline in the pace of consumer price inflation in the US hit bottom? If so, is that good news for the economy? A cautious “yes” applies in both cases, albeit with the usual caveats. Looking at the core reading of consumer price inflation through last month suggests that the price trend has a floor around the 1.6% rate. We won’t know for sue until future reports arrive, but it’s getting easier to think that we’ve seen the trough. If so, that’s an encouraging transition for the economic outlook.

Family Dollar, Coldwater Creek: U.S. Retail Apocalypse Continues

By Michael Snyder 

Did you know that Family Dollar is closing 370 stores? When I learned of this, I was quite stunned. I knew that retailers that serve the middle class were really struggling right now, but I had no idea that things had gotten so bad for low end stores like Family Dollar. In the post-2008 era, dollar stores had generally been one of the few bright spots in the retail industry. 


April 22, 2014

Student Loan Forgiveness Could Cost U.S. Taxpayers $14Bn a Year

By Tyler Durden at ZeroHedge 

"Loan forgiveness creates incentives for students to borrow too much to attend college, potentially contributing to rising college prices for everyone," is a study's warning over government plans that allow students to rack up big debts and then forgive the unpaid balance after a set period.