Monthly Archives: October 2008

Consumer sentiment drop again

“Consumer confidence had already declined by mid-2008 by more than prior to any past recession and the steep October loss indicates that accelerated cutbacks in spending can be expected during the months ahead,” according to Richard Curtin, director of the consumer survey.
“Consumers rated the current administration’s economic policies more unfavorably than ever before in the [...]

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Citigroup expects Bank of England to cut rate full point

LONDON (MarketWatch) — The Bank of England’s rate-setting Monetary Policy Committee is likely to slash its key lending rate by a full percentage point to 3.5% at its monthly policy meeting Thursday, Citigroup economist Michael Saunders said Friday in a weekly research note. Although the MPC has never cut by more than a half-point, the [...]

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” TRICK OR TREAT ” … Happy Halloween!

Halloween is said to be the day that the veil between ” who you really are ” and ” who you pretend to be ” is the thinnest. How fitting in this election season huh.
Trying to peer behind that veil is nothing new, but these days, those who seek to communicate with the spirit [...]

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Market futures bounce off the lows on the largest drop in consumer spending

Stock futures pared declines after some of the economic data, including the Commerce Department’s report that U.S. consumer spending in September tallied its largest drop in four years.
Yeah - that makes perfect sense. Largest drop in four years…so the futures bounce off the lows!!! As usual…was not “abysmal” or “wasn’t worse than expected.”
Another [...]

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Oil Slaves American, American needs alternative energy

Why can’t we develop alt energy while using current, more affordable supplies.
Why do we always have to villify someone? Why can’t we let oil companies run their business and use our current resources to bring the price of alternative energy down to be more cost competitive.
While necessity is the mother of invention, if [...]

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