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People are selfish; let’s get that out of the way first. It’s a tough economic environment we’re dealing with these days. On the one hand unemployment is still sitting around 9.5% throughout the country. On the other, both state and federal governments are being accused of either spending too much money or looking to cut [...]
At the Group of 20 Summit in Toronto days ago, the countries participating left with one common goal; to reduce the deficits in each country while not promoting that people hold onto their money and to spend it instead. It’s an interesting prospect, one that needs to be examined because of its unique scope. The [...]
The New York state budget is almost 3 months late. The state has financial issues, pretty much like all the other states, but it’s budget it tied into the stock market, and that’s not doing so well. Congress is split between both parties, and the majorities are slim. Nothing’s getting done; it’s politics as usual. [...]
The Dow Jones Industrials took it on the chin for most of May, finishing with the worst performance in 70 years. Even though it came up from its fall under 10,000, closing at 10,136.63 on Friday, the final figure was a 7.9% loss for the month. It’s the percentage that makes May 1940 worse, as [...]
I don’t often get political in this blog, and this won’t be overly political, but it’s going to be a little bit political. Last week Arizona saw fit to pass an immigration bill that they say was needed to help fight illegal aliens from coming through their borders and basically taking over the state, working [...]
Talk about a nice run. The Dow Jones is on a very impressive run after taking a tumble 8 weeks ago. This weekend, the industrial average closed higher for the 11th time in 12 days, and that helped the index closed well, matching its longest string of gains since January 2004. Of course, marketers being [...]
The Federal Reserve today decided not to increase interest rates, saying they’re trying to help ease unemployment and stimulate the economy, which has stagnated. However, they seem to be upbeat that unemployment didn’t get worse, which I guess is a mixed blessing at best. That standards for how “well” the economy is going are so [...]
