Rich Miller

February 28, 2011 | Daily Report Online

By Rich Miller

7 minute read

March 11, 2009 | Daily Report Online

The U.S. economy's vital signs may not confirm a diagnosis of depression. The symptoms increasingly point to one. As in the Great Depression, world trade is collapsing, wealth is evaporating and the banking system is broken. Deflation is a growing threat as companies slash production, pay and prices. And leaders worldwide are having difficulty making headway in halting the self-perpetuating decline.

By Rich Miller

8 minute read

October 02, 2009 | Daily Report Online

Former Federal Reserve Chairman Alan Greenspan said the U.S. will have to both tighten credit and raise taxes as the economy pulls out of the worst recession since the 1930s. "The presumption that we're going to be able to resolve this without significant increases in taxes is unrealistic," Greenspan, 83, said in an interview with Bloomberg Television.

By Albert R. Hunt and Rich Miller

4 minute read

November 22, 2011 | Daily Report Online

The U.S. economy may end 2011 growing at its fastest clip in 18 months as analysts increase their forecasts for the fourth quarter just a few months after a slowdown raised concern among investors.Economists at JPMorgan Chase Co. in New York now see gross domestic product rising 3 percent in the final quarter, up from a previous prediction of 2.

By Rich Miller

8 minute read

November 18, 2008 | Daily Report Online

President-elect Barack Obama and House Speaker Nancy Pelosi may throw as much as half a trillion dollars worth of stimulus at the economy-and have little or no growth to show for it. The forces arrayed against recovery, including the credit contraction and cutbacks by consumers, are so powerful that they may overwhelm the record sums of spending and tax cuts being discussed in Washington.

By Rich Miller

6 minute read

February 25, 2009 | Daily Report Online

President Barack Obama aims to dispel the cloud over U.S. banks that has driven their shares to a two-decade low by subjecting them to rigorous reviews and reviving the market for their toxic assets. Officials will begin so-called stress tests of about 20 of the nation's largest banks today with the aim of ensuring they have sufficient capital to withstand the toughest of economic times.

By Rich Miller

5 minute read

June 10, 2008 | Daily Report Online

High gasoline prices aren't just raising the cost of Eugene Marino's 120-mile round-trip to his job in the Washington area. They're reducing his wealth, too. House prices in his rural subdivision beyond the Blue Ridge Mountains in Charles Town, W.Va., have plunged as commuting expenses have soared. A four-bedroom home down the street from his is listed for $239,000, after selling new for $360,000 five years ago.

By Rich Miller and Matthew Benjamin

6 minute read

January 27, 2009 | Daily Report Online

Federal Reserve Chairman Ben S. Bernanke and his colleagues may try once again to cure the aftermath of a bubble in one kind of asset by overheating the market for another. Fed policy makers meeting Tuesday and the day after are exploring the purchase of longer-dated Treasury securities in an effort to push up their price and bring down their yield.

By RICH MILLER

7 minute read

October 22, 2008 | Daily Report Online

The U.S. may be on its way to becoming a nation of savers, whether Americans like it or not. With home and stock prices declining and credit hard to come by, consumers who have fallen out of the savings habit are being forced to curb borrowing and rein in spending. That is bad news for companies catering to them, which will have to retrench as well.

By Rich Miller

7 minute read

May 19, 2010 | Daily Report Online

By Rich Miller

7 minute read