Personal Finance Daily: What economists won’t tell you


Personal Finance Daily: What economists won’t tell you

Why the future of the economy is as tough to predict as the weather.

NewsWatch: U.S. consumers in economic driver’s seat

Investors will get a better idea of how Americans feel about the economy through reports this week on consumer confidence and individual spending. Economists are watching to see if a jump in gas prices starts to weigh on the mind of consumers.

Pension Fund Mechanics: Contractually Promising The Future

The central absurdity underlying traditional pension funds is the assumption that economists and financial professionals know the future, and that they know it with such certainty that society can legally guarantee it. (2 hours ago)

Social Security tax cut fails to trigger shopping spree

WASHINGTON — A Social Security tax cut that economists say should help the economy this year is off to a slow start. Consumers increased their spending last month at the weakest pace since June, even with the extra money in their paychecks. (4 hours ago)

Social Security tax cut is slow to boost growth – From the Poughkeepsie Journal

WASHINGTON A Social Security tax cut that economists say should help the economy this year is off to a slow start. Consumers increased spending last month at the weakest pace since June, even with the extra money in their paychecks. (14 mins ago)

Consumer Prices in U.S. Probably Climbed for Seventh Month on Energy, Food

The cost of living in the U.S. probably climbed in January for a seventh month, led by higher prices for fuel and food that have yet to filter through to other goods and services, economists said before a report today. (8 hours ago)

NewsWatch: Data should show progress toward jobless recovery

Economic stimulus, pent-up demand and the turn in the inventory cycle are working together to end the recession, but the recovery is still weak, economists say. (31 mins ago)