Economists: Beware New U.S. Recession

Confronted with disappointing data from around the world, economists are whispering a word that hasn’t seemed like a real possibility in years: recession. It starts with the slowdown in China, which is already straining the global recovery. The world’s second-largest economy has lost its appetite for the raw materials that fueled its industrial boom, leaving the smaller countries that supplied it with resources stumbling in its wake....

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Born at the Right Place, Right Time

Washington — What are your odds of being a millionaire, do you think? One in 10? One in 50? One in 100? If you’re over 62, your odds of having at least $1 million in net wealth (your total assets minus your total debt) are relatively achievable — about 1 in 7. But if you are under 40, your odds are low: 1 in 55. In the last 25 years, the odds that an old person is a millionaire have improved slightly. But for young people, they have...

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Fuel and Fires Ahead for the U.S. Economy
May31

Fuel and Fires Ahead for the U.S. Economy

Washington — The U.S. economy shrank at the start of the year, but the road ahead looks brighter. Just how much brighter is what’s up for debate. Steady hiring and low gas prices should help power solid growth through the rest of 2015. The harsh winter and a labor dispute that slowed trade at West Coast ports are both over. Home sales and construction are rebounding, along with business investment. But risks remain: A stronger dollar...

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