Economy - The New American

Many Signals Showing Strong U.S. Economic Rebound

The economic rebound from the government shutdown is surprisingly robust, which bodes well for Trump in November. ...

Bob Adelmann June 22, 2020

Who’s Running the Show: the Fed or the U.S. Treasury?

Bob Adelmann June 18, 2020

If the Fed needs the help of the Treasury to accomplish its purposes, who is in charge: the Fed, or the U.S. Treasury?...

Retail Sales in May Set All-time Record High

Bob Adelmann June 16, 2020

The Commerce Department reported on Tuesday morning that retail sales in May jumped 17.7 percent, the largest monthly increase on record. ...

Another 1.5M File for Unemployment. 45M Since March 1. Economy in Recession

R. Cort Kirkwood June 14, 2020

The economy is now in a recession, the National Bureau of Economic Research announced last week. ...

Fed’s Gloomy Outlook Sinks Stocks

Bob Adelmann June 11, 2020

Federal Reserve Chairman Jerome Powell’s assessment that the surprisingly favorable jobs report last week was likely a one-off blip is pushing stock prices...

The Bear Market in Stocks Is Over, Says Wall Street Guru

Bob Adelmann June 9, 2020

Wall Street gurus are saying the brief bear market in stocks is over, and the economy will quickly rebound to all-time highs as...

NFIB: Small Business Optimism Jumped in May

Bob Adelmann June 9, 2020

A new report shows that small business owners are itching to get back to work. ...

U.S. Economy Peaked in February; Republican Consumers to Drive the Recovery

Bob Adelmann June 8, 2020

Predictions as to how long the recovery will last and when the economy will get back to full steam are a dime a...

Gun and Ammo Sales Spike Amid Coronavirus Fears and Civil Unrest

James Murphy June 5, 2020

Gun stores nationwide are reporting a sharp upsurge in sales amid first the COVID-19 scare and now the civil unrest occurring due to...

May’s Jobs Report Shows Strong Economic Recovery Underway

Bob Adelmann June 5, 2020

The jobs report showed the resiliency of the U.S. economy, contrasted with those predicting more job losses and higher unemployment. ...

Institute of Supply Management Says Purchasing Managers Are Guardedly Optimistic

Bob Adelmann June 1, 2020

The Purchasing Managers Index (PMI) showed that the economy is beginning to expand again. The only questions remaining are: "Just how strong will...

Estimated Worldwide Cost of COVID-19 Shutdown in the Trillions

Bob Adelmann May 19, 2020

Economists are predicting that the worldwide cost of the COVID-19 pandemic and related government shutdowns at anywhere from $3.3 trillion up to $82...