High Earners’ Frugality Shows Long Shadow of Recession

June 2, 2015

Six years after the worst recession since the 1930s, Americans who earn $100,000 to $249,999 a year still are “making very careful decisions” when it comes to discretionary purchases, said Pam Danziger, president of Unity Marketing Inc., a luxury research company based in Stevens, Pennsylvania.These consumers are “feeling squeezed” primarily

Bitcoin: What is the Future?

June 1, 2015

  In this special issue of Bloomberg Brief, we examine the potential opportunities and pitfalls the new digital currency might bring to a changing marketplace. For some, bitcoin offers a chance to change the world, particularly when it comes to transfers and payments in emerging markets. For others, the bitcoin

Brief Bites Weekly Video- 5/28

May 29, 2015

Editor Taylor Riggs highlights the week’s top Bloomberg Brief stories in under two minutes.  

Keene’s Corner: Scott Brown, Senior Vice President and Chief Economist for Raymond James and Associates

May 26, 2015

Scott Brown, Senior Vice President and Chief Economist for Raymond James and Associates, speaks with Bloomberg’s Tom Keene and Michael McKee about rising inflation in the U.S. and what it means for the labor market and the Federal Reserve’s interest-rate liftoff. Click here to read the full Q&A taken from

The Rise and Fall of Gold

May 20, 2015

BY NICHOLAS LARKIN King Midas lusted after it.The Incas worshipped it. Shiny flakes of it set off a 19th-century rush to California and ship captains never stop looking for it at the bottom of the sea. While gold has ignited passions for centuries, for today’s investors, it seems, the metal has lost its

Mild, More Stable Housing Recovery Underlines Difference in 1H GDP Growth vs. 2014

May 19, 2015

Housing market stability should provide a modest tailwind for U.S. growth over the next several years, without fueling a strong rebound. This reflects an important shift in the composition of growth that has gone unheralded, since the effects of the stronger dollar on exports and manufacturing have received more attention. It may also bolster the case for a softer

E-Commerce Sales Jump as U.S. Embraces Web’s Ease

May 18, 2015

Although frigid weather kept many Americans away from malls and stores last quarter, it didn’t stop them from shopping on their laptops and smartphones. Sales on e-commerce websites increased 3.5 percent in the first three months of the year from the previous quarter, reaching a record $80 billion worth of

Weather, Oil Sector Still Drag, While Manpower Sees ‘Early Signs’ of Europe Hope

May 15, 2015

  By Richard Yamarone The U.S. economy appears to be advancing at a modest pace according to most comments from executives during the current earnings season. Signs of a strengthening European economy featured in several quarterly earnings conference calls, and the China economic slowdown was not as prevalent as some

QuickTakes News in Context- May 2015

May 14, 2015

Readers of financial news tend to be specialists. Yet every specialist is also a generalist, on all topics but one. Busy specialists know how to find information they need. Busy generalists, inundated by the fire hose of modern news media, could use some help. For learning the why along with

Fed Polishes Market Rate Tools But Avoids Action on Negative Yields

May 12, 2015

  BY JOSH WRIGHT, BLOOMBERG ECONOMIST The Federal Reserve is probably not too concerned about negative Treasury-bill rates, since other short-term rates cluster at positive yields. Still, it would be a worry if negative yields start to affect financial stability (for example, by leading to sharp flows out of money-market mutual funds) or if they make it harder