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Entries Tagged ‘Consumer Goods’

China’s domestic logistics turnover hits 75.2 trillion(11 trillion U.S. dollars) yuan in 2007

BEIJING, Nov. 30 (Xinhua) — China saw its domestic logistics turnover increased 23.8 times during 1991-2007 period, representing an increase of 22.2 percent annually.
Domestic logistics turnover increased to 75.2 trillion yuan (11 trillion U.S. dollars) in 2007 from 3 trillion in 1991, said Lu Jiang, China Federation of Logistics and Purchasing head.
Foreign enterprises invested 6,996 [...]

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U.S 1929 Great Depression vs. 2008 financial, housing, credit crisis

Great Depression happened in 1929. It took over 10 years to cure.
Effects of depression:
13 million people became unemployed.
Industrial production fell by nearly 45% between the years 1929 and 1932.
Home-building dropped by 80% between the years 1929 and 1932.
From the years 1929 to 1932, about 5000 banks went out of business.
That’s where when the buyer [...]

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“Recession? Not for Apple” should read “Recession? Not YET for Apple”.

Consumers still haven’t FULLY exhausted their personal credit lines.
I went to the mall this weekend to pick up a friend and was ASTOUNDED to see how many people were BLOWING money on shoes and high end consumer goods.
So, it will only be a matter of time before consumer credit is maxed…and about a year later [...]

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