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Ten days ago I said that investing one’s money takes confidence. It seems I was more accurate on that point than ever, as August 2010 turns out to be the worst August since 2001, and that was days before what happened to the World Trade Center. The Dow dropped 4.3% in August, including dipping under [...]
If ever there was an obvious headline, the one above is it. The housing industry is in trouble, and it doesn’t look like there’s going to be a fix any time soon. So what’s going on? We’ll start with the news that existing home sales are at their lowest level in 15 years, down 27% [...]
There have been a few times on this blog when I have stated that my belief is that most of the jobs that were let go in 2008 and 2009 we’re never coming back. I’ve had that confirmed by a news story last week where interviews were done with many CEOs on the subject. However, [...]
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 [...]
Man, I hate being right. It seems that there’s a prediction that around 1.2 million people are about to fall off the extended unemployment benefit rolls, and with that goes the benefit they were getting on their COBRA insurance coverage. I’ve talked about the fact that unemployment figures are usually skewed by the number of [...]
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 [...]
You can keep believing that the economy is getting better and that unemployment has stabilized if you want to, but numbers seem to indicate otherwise. It seems that 33 states and the Virgin Islands have run out of money to pay unemployment benefits, and are borrowing heavily from the federal government to try to keep [...]
