Topic: Ethan Harris
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Add S&P downgrade to a struggling economy, what do you get? Stocks in shock. [VIDEO]
Stocks plummeted Monday, in response to the S&P's decision Friday evening to downgrade the US debt rating from AAA to AA+.
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Unemployment rate rises to 9.2 percent. Just a 'soft patch'?
US economy added just 18,000 jobs in June, a sign the recovery is dragging. The unemployment rate rose from 9.1 to 9.2 percent. Still, most economists see a pickup in second half of 2011.
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The Daily Reckoning
Extend and pretend
The government continues to extend credit, cash, and bailouts to the undeserving, then pretend that everything is fine.
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Some relief as gas prices fall
Prices below $4 a gallon could help carmakers and back-to-school retailers.
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Would tax rebates work?
The government aims for more spending, but in the past many saved their checks.
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