Double-Dip Recession? One Reliable Measure Says It’s Inevitable

double dip

An economic indicator with a perfect 40-year history of predicting recessions just signaled that a double-dip is coming for sure: On Friday, the Economic Cycle Research Institute’s Weekly Leading Index growth rate broke below -10%.

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Double-Dip Recession? One Reliable Measure Says It’s Inevitable originally appeared on DailyFinance on Mon, 26 Jul 2010 14:10:00.

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Double-Dip Recession? One Reliable Measure Says It’s Inevitable

Six Reasons to Expect Slow Economic Growth Ahead

Six Reasons to Expect Slow Economic Growth Ahead

Investors often seek insight from the latest news, the most recent weekly and monthly data updates. But the underlying status of the economy is better reflected in long-term trends, and many of those show serious headwinds to future growth in the U.S.

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Six Reasons to Expect Slow Economic Growth Ahead originally appeared on DailyFinance on Sun, 25 Jul 2010 13:00:00.

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Report: Economic Insecurity at 25-Year High Among Americans

empty pocket

The nation’s populace is at its most vulnerable in 25 years, according to a new report. Nearly one in five Americans is estimated to be currently insecure financially, compared to fewer than 13% in 1985.

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Report: Economic Insecurity at 25-Year High Among Americans originally appeared on DailyFinance on Thu, 22 Jul 2010 16:00:00.

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June U.S. Budget Deficit Drops More Than Expected as Tax Revenue Rises

The U.S. budget deficit fell to $68.4 billion in June, a 27.3% decline from a year ago. The decline, mostly due to higher corporate tax revenue, suggests the economic recovery may not be slowing as much as feared.

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June U.S. Budget Deficit Drops More Than Expected as Tax Revenue Rises originally appeared on DailyFinance on Tue, 13 Jul 2010 19:04:00.

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June U.S. Budget Deficit Drops More Than Expected as Tax Revenue Rises

Dow Adds 146 Points on Solid Earnings and Outlooks


Stocks vaulted higher Tuesday as industrial bellwethers Alcoa and CSX reassured the market about the pace of the economic recovery. All three major averages extended their winning streaks.

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Dow Adds 146 Points on Solid Earnings and Outlooks originally appeared on DailyFinance on Tue, 13 Jul 2010 16:15:00.

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Dow Adds 146 Points on Solid Earnings and Outlooks

Report: KTM planning fresh X-Bow variants

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KTM X-Bow - Click above for high-res image gallery

According to reports streaming out of Italy, KTM is set to debut new versions of its X-Bow sportscar. Good news indeed, as the last we heard the Austrian motorcycle manufacturer was putting the brakes on its four-wheeled endeavors in the wake of losses due to the economic downturn.

If you thought 0-60 in under four seconds was plenty quick… well, it is, but KTM will still be upping power from the standard car’s 237 horses to something over 300 for the new R model, which should put the X-Bow into the 3.0-second-flat range. With acceleration like that, the only things likely to beat you from stoplight to stoplight are on two wheels, and then only maybe.

If you don’t need such mind-bending forces on your body and would rather pamper your posterior a wee bit, KTM is also said to be working on a T model. We’d guess that moniker would stand for Touring, as the machine is said to be equipped with such niceties as an actual windshield. Time for a cross-country road-trip, no?

Gallery: KTM X-Bow

[Source: Autoblog.it via Motor Authority]

Report: KTM planning fresh X-Bow variants originally appeared on Autoblog on Fri, 02 Jul 2010 13:59:00 EST. Please see our terms for use of feeds.

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LeBron’s Choice: The Economic Impact of the NBA’s Hottest Free Agent

In addition to the potential to make any team a contender, the fervent courting of basketball superstar LeBron James also has a less emotional, more pragmatic reason: He’s sure to bring his new home city plenty of cold, hard cash.

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LeBron’s Choice: The Economic Impact of the NBA’s Hottest Free Agent originally appeared on DailyFinance on Wed, 30 Jun 2010 07:00:00.

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Dow Sinks Below 10,000 on China, Economic Worries

As expected, U.S stock markets stumbled at the open with the Dow Jones Industrial Average already below the 10,000 mark. The Dow fell some 235 points around 10:07 a.m. to 9,912 — a slide of over 2.2%. Meanwhile, the S&P 500 and the Nasdaq composite are sliding even more. The S&P 500 dropped nearly 2.4% and the Nasdaq skidded nearly 3%.

It all started with jitters over China and global…

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Dow Sinks Below 10,000 on China, Economic Worries originally appeared on DailyFinance on Tue, 29 Jun 2010 10:26:00.

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Is a Double-Dip Recession Ahead for the U.S.?

recession chart

A chart of leading economic indicators produced by the well-respected Economic Cycle Research Institute indicates that economic growth is slowing dramatically in the U.S. Is a second round of recession looming?

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Is a Double-Dip Recession Ahead for the U.S.? originally appeared on DailyFinance on Mon, 28 Jun 2010 12:00:00.

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U.S. GDP Growth Unexpectedly Revised Down to 2.7% for First Quarter

U.S. GDP Growth Revised Down to 2.7% for First Quarter

The latest estimate for first-quarter U.S. gross domestic product growth was revised downward to a 2.7% annual rate from the previously estimated 3% rate, a decline that suggests that the initial stage of the economic expansion did not have as much steam as officials had hoped.

Economists surveyed by Bloomberg had expected first-quarter GDP to rise by 3%, following increases of 5.6% and 2.2% in…

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U.S. GDP Growth Unexpectedly Revised Down to 2.7% for First Quarter originally appeared on DailyFinance on Fri, 25 Jun 2010 11:12:00.

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U.S. GDP Growth Unexpectedly Revised Down to 2.7% for First Quarter