Word: baumohl
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...Bernard Baumohl: It was a real surprise. But the numbers reflect the resilience of consumers, who despite the gloomy economic outlook this spring continue to purchase cars and homes without skipping a beat. And it shows how dependent this economy is on those consumers...
...TIME.com Q&A, TIME senior economics reporter Bernard Baumohl takes a look at Friday's two major reports - the GDP and the University of Michigan month's-end consumer sentiment survey - and wonders how the two disparate trends intersect...
...Bernard Baumohl: It certainly reinforces the University of Michigan consumer sentiment numbers from last week. The major surveys are moving parallel to one another - and both are going down...
...TIME senior economics reporter Bernie Baumohl says it's not so much that the recession isn't still coming - it very well could, with these indicators - but that the Fed is now coming...
...Bernard Baumohl: This is more news that reinforces the view that the economy is in serious trouble. In fact, its pulse is barely noticeable, and in danger or flatlining...