Friday's virtuous news cycle needs to continue if the U.S. economy is to overcome headwinds from Congressional dysfunction and Europe's malaise.
By Mohamed El-Erian
FORTUNE -- Most newscasts led their Friday evening shows with the record highs for the stock market and a monthly jobs report that exceeded expectations. Both bits of good news speak to an economy that continues to heal gradually. The question now, and it is an important MOREMay 6, 2013 6:45 AM ET
A new study debunks the theory that money doesn't make you any happier once you've passed a certain income threshold.
FORTUNE – They say money can't buy happiness, but a new study suggests it actually can. In fact, the more money you have, the happier you are.
That might sound obvious to some people, but studies have historically shown there's more to happiness than money. In the 1970s, economist Richard Easterlin argued MORENin-Hai Tseng, Writer - May 1, 2013 10:38 AM ET
Recent economic data suggests that another spring slowdown is upon us, as we've had the past three years. But it may not be real at all.
FORTUNE – When Wall Street learned Friday that the U.S. economy grew slower than expected during the start of the year, it renewed talk that we may be in for another "spring slump," if not a "spring swoon."
Whatever you call it, a slowdown in the MORENin-Hai Tseng, Writer - Apr 29, 2013 5:00 AM ET
We're focusing too much on the present, and too little on the future.
By David Walker & Robert Kaplan
FORTUNE -- Political dysfunction in D.C. has led to the American public being barraged by continuous media reports about the fiscal cliff, the debt ceiling, and the sequester. But the political skirmishes and impasses around these short-term events are distracting us from the real danger ahead: Our reckless fiscal trajectory that threatens MOREApr 11, 2013 10:04 AM ET
Economist Dean Baker, who called the jobs market correctly in March, says the outlook for hiring is likely to remain weak.
FORTUNE -- For the past month or so, economist Dean Baker of the left-leaning Center for Economic Policy Research, has been saying that hiring wasn't nearly as strong as it appeared. Few listened, but they should have.
For March, economists on average expected employers would add about 220,000 workers to their MOREStephen Gandel, senior editor - Apr 9, 2013 5:00 AM ET
The most recent jobs report is vindication for the Federal Reserve's caution and its bond-buying spree. But those policies aren't helping those who have been out of a job the longest.
FORTUNE – If anyone is baffled by why the Federal Reserve hasn't shut off its money spigot, even as the U.S. economy seems brighter, take a look at today's report on the state of the jobs market. It underscores the MORENin-Hai Tseng, Writer - Apr 5, 2013 10:52 AM ET
Ronald Reagan's former budget director, David Stockman, talks about his new book, what Republicans got wrong, and why private equity is the great deformation.
FORTUNE -- The sun shines on David Stockman, streaming through floor-to-ceiling windows in a conference room high above Midtown Manhattan. Stockman, 66, is smiling, thoroughly relishing our conversation about his new book, The Great Deformation: The Corruption of Capitalism in America. It's a 700-page polemic full of MOREKatie Benner - Apr 4, 2013 6:38 AM ET
Vehicle sales are often seen as a more accurate measure of consumer sentiment than retail or home sales. They show that tax cuts don't seem to be hampering Americans yet.
FORTUNE -- Despite higher taxes and worries over government spending cuts, consumers have surprisingly held on to their optimism. In February, they bought more of almost everything, from homes to groceries to clothes.
It's easy to doubt the positive data, given MORENin-Hai Tseng, Writer - Mar 22, 2013 9:52 AM ET
The recent rise in the S&P 500 is either predicting a much better economy ahead than most economists expect, or a worse market.
FORTUNE -- In a perfect market, the economy would be doing a lot better.
Last week, investors cheered the surprisingly good jobs report, which showed that employers had added 236,00 workers to their payrolls in February. The market climbed on the news -- it's now up 13% in the MOREStephen Gandel, senior editor - Mar 12, 2013 2:08 PM ET
Just as $85 billion worth of sequester cuts kick in, some states are seeing budget surpluses for the first time in years.
FORTUNE -- This week, Congress began focusing on a March 27 deadline to adopt a new spending bill or else face a government shutdown. As lawmakers painstakingly negotiate a deal, they may try to scale back the sequester cuts that kicked in on Friday.
The $85 billion worth of cuts MORENin-Hai Tseng, Writer - Mar 5, 2013 9:45 AM ET
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