Is it a coincidence?

The Coincident Index (CI) is a monthly composite economic indicator published by the Philadelphia Federal Reserve. The CI provides a snapshot of economic conditions in each state. An increase in a state’s CI over time indicates an expansion in economic activity the state while a declining CI signals a contraction in the state’s economy. The […]

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TARP, Part I: How much of the TARP money has been recovered?

The federal government’s Troubled Asset Relief Program (TARP) was established in 2008 to help stabilize and strengthen the U.S. financial system. Under TARP, the U.S. Treasury was authorized to distribute up to $475 billion to banks and other financial institutions. The US Treasury disbursed a total of $411 billion through TARP. Question: How much of […]

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