By Simon Black In 1886 there were only 38 states in the United States. Electric power was still cutting edge technology that few people had ever seen. The Statue of Liberty hadn’t even been dedicated yet. But it was that year that a man named Richard Sears founded a small retail company in Minneapolis, Minnesota that would grow into a …
One Man’s Opinion: Will Fiscal Tightening Cause A Recession In 2013?
Fiscal tightening won’t cause a recession in 2013, says Michael Darda, chief economist and chief market strategist at MKM Partners. The latest unemployment benefit claims number fell to a five-year low and is a leading indicator for the labor market. Housing starts are strong though they are at a low level. The upswing is gaining momentum indicating some firming rather …