Marilyn Geewax http://wfit.org en Inflation Came In Low Again, But Are There Bubbles? http://wfit.org/post/inflation-came-low-again-are-there-bubbles Want to borrow money for a car or a home this fall?<p>Oddly enough, the interest rates available months from now for big-ticket items may be determined by the prices you pay today for everyday consumer goods. Tue, 22 Jul 2014 20:39:00 +0000 Marilyn Geewax 38845 at http://wfit.org Inflation Came In Low Again, But Are There Bubbles? Latest Wrinkle In The Jobs Debate: Blame The Boomers http://wfit.org/post/latest-wrinkle-jobs-debate-blame-boomers Since late 2007, the U.S. labor force has shrunk significantly, raising questions about where former workers have gone and why.<p>Now the White House Council of Economic Advisers says it has found answers and has compiled them into a <a href="http://www.whitehouse.gov/sites/default/files/docs/labor_force_participation_report.pdf">detailed research report </a>released Thursday.<p>As it turns out, most of the missing workers have been hiding in plain sight: They are retiring baby boomers.<p>"In 2008, the U.S. economy collided with two historic forces. Thu, 17 Jul 2014 21:36:00 +0000 Marilyn Geewax 38657 at http://wfit.org Latest Wrinkle In The Jobs Debate: Blame The Boomers Citigroup Settlement Offers Former Homeowners 'Cold Comfort' http://wfit.org/post/citigroup-settlement-offers-former-homeowners-cold-comfort Should you be watching your mailbox for a check from Citigroup?<p>The banking giant says it will pay out $2.5 billion to provide "consumer relief" to help <a href="http://www.citigroup.com/citi/news/2014/140714a.htm">settle charges</a> brought against it by the U.S. Justice Department. The government said Monday that "defects" in Citi's mortgage securities had fueled the financial crisis that triggered the Great Recession.<p>And we all suffered from that catastrophe. Between 2007 and 2009, U.S. Tue, 15 Jul 2014 15:10:00 +0000 Marilyn Geewax 38518 at http://wfit.org Citigroup Settlement Offers Former Homeowners 'Cold Comfort' Economists Say Inflation Is Tame; Consumers Aren't Buying It http://wfit.org/post/economists-say-inflation-tame-consumers-arent-buying-it Economists regularly issue reports calling inflation tame or mild, or some other word that suggests consumers shouldn't be feeling much pain.<p>One example: "Inflation has been tame and this is providing households with some relief" from economic stress, according to an assessment done this week by PNC Financial Services.<p>But if you happen to be buying gasoline or groceries, you may not be feeling relieved — at all.<p>"It's kind of hard to even buy milk and bread," said Kimberly Acevedo, a bank teller who was shopping at a Best Market in Harlem. Fri, 11 Jul 2014 11:02:00 +0000 Marilyn Geewax 38356 at http://wfit.org Economists Say Inflation Is Tame; Consumers Aren't Buying It Hiring Looks Good Now, But Wage Growth Lags http://wfit.org/post/hiring-looking-good-now-wage-growth-lags The unemployment report released Thursday by the Labor Department offered great news for job seekers: <a href="http://www.bls.gov/news.release/empsit.nr0.htm">Hiring boomed</a> in June.<p>That good news helped send stock prices to record levels, with the Dow Jones industrial average crossing the 17,000 mark for the first time to close at 17,068.26, up 92.02.<p>Unfortunately, the jobs report also contained sobering news for people who already have jobs: All of that hiring is not translating into wage hikes. Thu, 03 Jul 2014 20:03:00 +0000 Marilyn Geewax 38044 at http://wfit.org Hiring Looks Good Now, But Wage Growth Lags