The biggest issue next year in the American economy will be jobs. Not credit, not consumer credit. Our economy doesn’t rest on consumer spending. No! It rests on jobs. We’ve been careless and shipped them overseas. We’ve let the CEOs follow their bliss (profits) and they’ve managed to drag our economy over a cliff.
There was [...]
on top of the $85 billion we gave them in round 1, and the $35 billion that followed? Surely somehitng will be announced tomorrow before Asia opens or Monday before market open at the latest. Just this week’s trick to keep the market propped up (afterall, the whole purpors of the governemnt is to please [...]
While I agree we could have a nice and fairly long rally, set the stops on what you have.
The U.S. is losing economic power to Asia and other emerging markets and that decades long trend is not only not reversing, this crisis is making it worse. As we are pulling back and will see 144,000 [...]
We have article after article coming out about consumers pulling in their spending ways and going to saving. Saving is absolutely vital if we are to get this nation back to a sound economy but, that also means very deep recession or depression that lasts for years.
This is not a recession like we have seen [...]
In Asian currency trading, the U.S. dollar bought 103.38 yen. In New York, the dollar changed hands for 103.46 yen late Wednesday and 102.96 yen late Tuesday.
HONG KONG (MarketWatch) — Chinese stocks soared in Shanghai Thursday after the government slashed a tax on share transactions, a move aimed at bolstering a stock market that [...]
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