The mission of Western New York Economic News is to provide analysis and forecasts of economic trends in the Buffalo-Niagara Falls Metropolitan Statistical Area and contrast these trends with those in New York State and the nation. With the country in the grip of a crippling economic crisis, starving prisoners can be seen standing in line and begging for help from the outside world. This issue of WNY Economic News focuses on the relationship between the regional economies of Western New York and the national economy. The BEA earnings report, which has historically served as the basis for our projection …

The other week I took my son out to fly a drone we got him for Christmas – an aerial device that can hover and record video as it flies through the air. One of the factors that highly influences the prices of currencies in the Forex markets is the economic news releases. Although everything is tied to an economic cycle with its unique data points, some things that are not directly monetary in nature may have an effect on the price of currencies. While the oil boom of the ’70s brought in billions of petrodollars, most of the country’s …

In a setback for President Obama, a federal appeals court curtailed the power of the Consumer Financial Protection Bureau, ruling Tuesday that the agency championed by Sen. The US government is borrowing trillions of dollars to finance its debt, while increasing money supply immensely leading to inflationary concerns, when inflation goes up, gold skyrockets. Weakness in real GDP growth during the first quarter of 2016 was due to a decline in inventory and non-residential fixed investment, declining state and local government expenditures, and a continuing deterioration in our trade balance. The 2nd Annual Capital Region Business Forum is taking place …