The Exchange

  • Huge week ahead: Estimize earnings preview for the week of April 21

    Yahoo Finance at The Exchange26 mins ago

    is a free open online platform that allows users to contribute their own financial forecasts. By tapping into the wisdom of the crowd, Estimize has created a data set that is more representative of actual market expectations and is more accurate than the traditional Wall Street consensus up to 69.5% of the time.

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  • One thing you can’t say to voters about the economy

    Rick Newman at The Exchange3 days ago

    You can point out how rich the 1% are, or pound home how hard it is to keep up these days. But whatever you do, don’t act like there’s a “recovery.”

    That’s the advice from a prominent public-policy firm to Democratic politicians running for reelection this year. Democracy Corps, founded by Democratic strategists James Carville and Stan Greenberg, recently conducted a series of polls to determine how candidates can best connect with voters as they campaign for the 2014 midterm elections in November. The results show just how disheartened many Americans are about their economic prospects, even though the recovery is technically entering its fifth year.

    By some measures, the economy is getting back to normal. The unemployment rate is down from a peak of 10% in 2010 to 6.7% today. In aggregate, Americans have regained all the wealth lost during the twin housing and stock-market busts, and then some. After six years of extraordinary intervention, the Federal Reserve is beginning to back away from the super-easy monetary policies it adopted to nurse the economy through dark times.

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