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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. [...]
This is the 300th post of Top Finance Blog. It comes just beyond 18 months of ownership after taking it over from someone else who decided after a month that he didn’t have the time for it. I’ve been giving some consideration as to just where I believe this blog should go. I’ve written many [...]
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 [...]
So, is Chrysler still in major trouble, or are they okay? It was announced that Chrysler lost an astounding $3.8 billion dollars in the second half of 2009, but it doing much better now. Much better means that for the first quarter of this year they only “lost” $197 million. While I acknowledge that’s a [...]
An article on the Wall Street Journal website titled Debt-Cutting Will Slow Global Growth prophesized that debt cutting efforts by the United States and other countries, and by all the consumers, will slow economic growth for many years, which wouldn’t be a good thing for most economies. It’s an interesting premise, and it makes a [...]
