According to Gallup, Americans think real estate is the best long-term investment. Unfortunately, they're wrong.
FORTUNE -- As the real estate market recovers, so does America's faith in housing as an investment.
According to a Gallup poll released Thursday, a plurality of Americans now think of real estate as the "best" long-term investment, followed by gold, stocks and mutual funds, savings accounts/CDs, and bonds:
If one assumes "best" to mean the investment that MOREChristopher Matthews - Apr 18, 2014 11:59 AM ET
Thomas Piketty's Capital in the Twenty-First Century has taken the economics world by storm with its revival of the Marxian idea that capitalism will destroy itself, if we don't act.
FORTUNE -- Life's pretty good these days for French economist Thomas Piketty, who spent Wednesday evening having his book, Capital in the Twenty-First Century, lavishly praised by two of the world's most famous economists -- Paul Krugman and Joseph Stiglitz -- who just happen MOREChristopher Matthews - Apr 17, 2014 2:24 PM ET
Growth concerns aside, Beijing must grapple with an unwieldy shadow banking sector.
FORTUNE -- The Chinese economy hasn't fallen from the tightrope yet.
Markets in Asia rose Wednesday following the release of data showing that the growth of the Chinese economy slowed in the first quarter of 2014 to an annual rate of 7.4% from 7.7% the previous quarter. Though the first quarter saw the slowest growth for the Chinese economy in a year-and-a-half, markets were MOREChristopher Matthews - Apr 16, 2014 2:22 PM ET
Research shows that consumers aren't very good at buying appliances that will save them money in the long run, even when they are explicitly told about those savings.
FORTUNE -- Much of economics is based on the simple idea that people prefer cheaper products to more expensive ones. But what if that's not always the case?
Those working within the blossoming field of behavioral economics have explored the ways in which humans function (or MOREChristopher Matthews - Apr 15, 2014 2:48 PM ET
After a winter of confusing economic data, some important indicators show an economy coming out of hibernation.
FORTUNE -- Blame it on the weather.
That was a common refrain market watchers heard in recent months, as a slew of confusing data showed that consumers and the economy weren't quite as healthy as they should have been.
First, we had a couple of lousy jobs reports -- in December, for instance, the economy added just MOREChristopher Matthews - Apr 14, 2014 2:24 PM ET
The U.S. can learn from other countries who have had to battle the most stubborn problem in the job market today.
FORTUNE -- It's doubtful most Americans had any idea how good they'd had it.
The scourge of widespread, long-term unemployment was a problem the U.S. hasn't really had to deal with since The Great Depression. For instance, in 2002, the U.S. had the fourth-lowest rate of long-term unemployment -- when taken as MOREChristopher Matthews - Apr 14, 2014 5:00 AM ET
Poor export data out of China is the latest in a series of figures on trade that cast doubt on the health of the global economy.Christopher Matthews - Apr 11, 2014 5:00 AM ET
While the Senate discusses the rising cost of cable TV, the real debate should be over how to provide fast, reliable, and affordable access to the Internet.
FORTUNE -- Most Americans can commiserate with Senator John McCain -- our cable bills are rising fast and we're fed up with it. We don't want to pay for channels we don't watch, and we certainly don't want to pay ever-increasing prices for poor customer service and Internet speeds that MOREChristopher Matthews - Apr 10, 2014 11:23 AM ET
Numbers released by the Labor Department Tuesday show that there are more job openings now than at any time since January 2008.
FORTUNE -- If you've given up looking for work, it might be a good time to start again.
That's because there are more job openings today than at any point since January 2008, according to the Job Openings and Labor Turnover (JOLTS) report released Tuesday by the Labor Department.
There were 4.2 million jobs open MOREChristopher Matthews - Apr 8, 2014 2:26 PM ET
Economists have been arguing for higher inflation targets. But richest 0.1% are likely not to blame for the failure to implement such policies.
FORTUNE -- The International Monetary Fund isn't known for its candor.
As a political institution with a multitude of sponsors with differing -- or even competing -- interests, it often puts forth policy recommendations in a swirl of circumlocution, or as Paul Krugman recently asserted, euphemism.
Krugman was referring to a MOREChristopher Matthews - Apr 8, 2014 12:34 PM ET
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