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But analyst issues warning and retailers report slower April sales.
May 3, 2012
By: TOM BRANNA
Editor
The US Government said the number of Americans who filed for jobless benefits last week fell by 27,000 to 365,000. Despite the good news, economist Nouriel Roubini warned that the US economy could fall into stagnation in 2013. Speaking at the Milken Institute’s Global Conference in Beverly Hills, Calif., Roubini noted that real wages for U.S. workers are not growing and that America’s crushing debt is strangling growth. That translates into possible fisc...
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