Japan

Markets dipped Monday after official data confirmed that Spain is back in its second recession in three years. Investors had initially bid up stocks on hopes that the Fed would provide more stimulus to the U.S. economy.

I recently penned a column pointing out that when America "lost" the TV manufacturing industry to Japan, it wasn't necessarily a bad thing, because the business has become a low-margin money loser. A lot of readers disagreed.

One of this country's biggest economic problems is a tsunami of misinformation. You can't have a rational debate when facts are so easily supplanted by overreaching statements and errors. Here are three misconceptions about our economy that need to be laid to rest.

It's hard to complain too much about how Japan "stole" the high-tech electronics business from the U.S. More accurately, they took a low-margin business off our hands. And you know what we should be saying to that? Good riddance!

For many households, it's a personal fiance dilemma: Should they try to pay down debt first, or build up savings? In the aftermath of the Great Recession, opinions have clearly tipped toward the ditch-your-debt side. But that's not always the right answer.

It's true that the U.S. has racked up the largest debt of any developed country. But when you consider the debt in relation to the country's gross domestic product, it's only No. 7 on the list, according to Fortune. Here's what you need to know to make sense of all the numbers.

Millionaires are back. The number of individuals worldwide with $1 million or more in assets aside from their residence grew by 8.3% to 10.9 million in 2010, topping pre-crisis 2007 levels, according to the World Wealth Report released Wednesday.

When it comes to its population of millionaires, the U.S. still leads the world, but other countries have gained recently, The Boston Consulting Group reports. In particular, the report found a stagnation of wealth growth in developed nations, but rapid wealth growth in the developing world.

Expedia, the world's largest online travel agency, soon will be selling flights, hotel bookings and holiday packages in the world's fastest growing aviation and tourism market, thanks to an exclusive deal with AirAsia. Trefis takes a look at what the deal will mean for both companies.

Detroit's revival is nearly complete: Chrysler recently made its first profit in five years, Ford has posted its best results since 1998, and GM is poised to retake the crown as the world's biggest automaker. But to hold onto that position, GM will have to adjust to a rapidly shifting auto market.