Monday, January 24, 2011 11:20 am
By Gregg Fields · Bankrate.com

As a die-hard Jimmy Buffett fan, just the sound of “jobless prosperity” resonates. It conjures images of a lazy day in Margaritaville. Somebody grab the salt and the limes. Unfortunately, there’s apparently no such thing as a free liquid lunch. The term “jobless prosperity” is indeed being used a lot lately. It refers not to

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Monday, January 10, 2011 9:30 am
By Gregg Fields · Bankrate.com

And so the holiday season ended for millions of Americans, clinking champagne flutes and slurring their way through a rousing rendition of “Auld Lang Syne.” Considering the economic news of last week, perhaps 2011 should have been greeted with a different theme song. The Knack’s 1979 hit ”Frustrated” seems particularly appropriate. Because in the first

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Monday, December 20, 2010 11:46 am
By Gregg Fields · Bankrate.com

It’s hard not to notice that feeling in the air, a sense of goodwill, the certainty that a glorious time has finally arrived. Yes, if the experts are to be believed, the recovery is about to begin in earnest. None of that wimpy “The recession officially ended in March 2009” sentiment, either. Last week, the

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Tuesday, December 14, 2010 9:47 am
By Gregg Fields · Bankrate.com

Following the legislative process in Washington can be quite taxing. Particularly when the subject is taxes. In the last week there have been hundreds, perhaps thousands, of articles written about whether tax cuts enacted during the George W. Bush administration would be extended. This much is clear: It is possible to have read each of

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Monday, December 6, 2010 12:18 pm
By Gregg Fields · Bankrate.com

Maybe the problem isn’t that there aren’t enough jobs. Perhaps there are simply too many people. How else do you explain the economic trends reported last week? Let’s review a few economic stats real quickly: Friday-after-Thanksgiving retail sales: solidly in the black. Cyber Monday: out of this world. Economic growth: inflating like a balloon in

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Monday, November 22, 2010 10:13 am
By Gregg Fields · Bankrate.com

It was a week of sad Irish lullabies. But there was no mistaking that joyful Motown sound. First, let’s visit Ireland. The Emerald Isle that just a few years ago was living in clover — boosters nicknamed it the Celtic Tiger — last week was in the humiliating position of fighting off a force-fed international

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Monday, November 15, 2010 9:41 am
By Gregg Fields · Bankrate.com

It was hard to argue with the critics: It is a major currency of a major world power being manipulated, pure and simple. And President Barack Obama led the charge at last week’s G-20 meeting in South Korea, saying China “spends enormous amounts of money” to keep the yuan depressed. The result is that Chinese

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Monday, November 8, 2010 10:00 am
By Gregg Fields · Bankrate.com

Early last week, it was impossible not to notice the outrage. The accusations were heated. And yet, the predominant national mood seemed one of frustrated resignation — that things weren’t going to change that much, anyway. We’re referring to the reaction to the Fed’s QE2 program to pump money into banks. There was also apparently

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Monday, November 1, 2010 10:00 am
By Gregg Fields · Bankrate.com

It’s seems like the season is always starting earlier. Why can’t they wait until after Halloween to start advertising? The whole ritual seems more about money than the true meaning of the day itself. Yet, there’s no denying the giddy anticipation and belief in miracles that this special observance can bring. That’s right: Election Day

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Monday, October 25, 2010 10:22 am
By Gregg Fields · Bankrate.com

The economic trends were heartening: the economy can’t stop growing; the trade surplus can’t be contained; housing prices defy gravity. No, not last week’s China dispatches. Rather, the idyllic, confident world of the 1950s, personified by a TV family named the Cleavers. “If the economy does unravel in the next couple of quarters, then the

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