What's Really Behind the Stock Market Rally?
So far, the stock market has avoided a spring slump like it experienced during the past three years, and some market watchers credit that to one clever UMass graduate student.
So far, the stock market has avoided a spring slump like it experienced during the past three years, and some market watchers credit that to one clever UMass graduate student.
Many Americans have been spooked out of the stock market by Great Recession and its aftermath. But despite their apprehensions, the children of the baby boomers are actually eager to jump into stocks -- primarily because they weren't burned personally by the crash.
When some new members of Congress recently said they oppose raising the U.S. debt limit, it triggered warnings of "catastrophic consequences." Indeed, the result wouldn't be pretty. But here's what's at stake as the country's debt burden swells every year.
Forget the gloomy predictions: According to Richard Berner of Morgan Stanley, U.S. consumers are a year ahead of schedule in repairing their household balance sheets, giving them the ability to start spending again soon. And the head of the IMF was explicit Monday: A double dip is unlikely.
With the Fed adopting a more a pessimistic view, the revival has been swift in calls for the federal government to do more to help spur growth. But what can Washington do, and would it be counterproductive?




