Perhaps there is a better way to use leverage to forecast recessions. Instead of looking at the amount of credit, maybe we should look at the price and the quality of credit.
With condominium prices in the Miami real estate market climbing to $50 million or more, broker Peggy Fucci has taken up ever more aggressive marketing efforts to find qualified buyers.
"The economic recovery has lasted six years and shows no signs of old age. Most notably job growth is strong and broad-based, and wage increases are set to accelerate more significantly as the economy approaches full employment," said Scott Hoyt of Moody's Analytics.
NEW YORK — U.S. stocks rose, with benchmark indexes closing at all-time highs, amid optimism the economy is showing sufficient strength to weather a slowdown overseas.
