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Savers rediscover banks

Savers rediscover banks

December 3, 2010 No Comments

“Deposit levels in the banking system will be higher than in the past because consumers will be spending less and saving more, even when the economy picks up,” says Nancy Bush, an independent bank analyst from Annandale, N.J. As the state of the economy is still not prospering, consumers are saving and depositing more money ...

China is the scapegoat for bad US economy

China is the scapegoat for bad US economy

October 30, 2010 No Comments

In current election campaigns members of both parties are using China as a scapegoat for the US’ economic misery. What is disregarded and unnoticed in intolerant attacks is the fact that China is a major trade partner for many US states. Using this explanation for the current US economic state is an easy but well ...