Not so long ago, the consensus of the economics profession was that economic growth above some “sustainable” level (typically given as 2 1/2%), would create shortages and bottlenecks that would lead to price inflation. Accelerating price increases would then, it was believed, force the Federal Reserve to choke off growth with tight money and high …
Most individuals do not begin to think about accumulating, or are unable to set aside, funds for retirement until they reach their late 40s or 50s. Starting much sooner can be astonishingly rewarding. In the instances of an IRA, which has a $2,000 limit on annual contributions, the annual earnings an account receiving $2,000 annually …
Despite the rapid deterioration of the leading indicators during recent months, the prevailing view on Wall Street and in Washington D.C. seems to be that economic growth will slow from the pace of recent years, but that there will be no recession. When President-elect Bush visited the White House on December 19, President Clinton noted …
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