Jobs: All That Is Left To Save The Economy
Yesterday, a poll by CNN/Opinion Research Corp showed that six out of ten Americans believe that the US economy will sink into a depression. The people who conducted the survey made sure to define…
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Newest first · Page 403Emergency G8 Meeting Or Rate Cuts Coming?
Today’s massive market selling abated at the end of the day. This really depends on what you call "rumors" and what you call "hope", but the talk today in the afternoon is around coordinated…
Will The Fed Save America’s Major Industries?
Perhaps the Fed and the Treasury have saved the banking and brokerage industries. The Fed has certainly provided hundreds of billions of dollars at its emergency window and Paulson has his $700 billion. Next…
The Recession Is Coming Home For The Holidays (M)(SHLD)(GPS)(JCP)
Santa will be thinner this year, a sign that he cannot afford all that rich food. It is a good thing that he wears a beard because can’t afford a razor. By most estimates,…
$700B Bailout Passage Keeps The Hangman Away, For Now
The $700 billion bailout bill passed the House after its failure early this week. The Senate has already approved this new package which contained many more add-ons than the prior bill. The magic number…
ISM Service Economy Holding Positive, Barely
The economic data has been coming out poorly all week. But the last report for the week came in line to slightly higher than expectations and is showing that maybe not everything went to…
Unemployment Shows Jobs Disappearing Rapidly
Today’s jobs numbers are taking the U.S. deeper and deeper into recession. Technically, the U.S. economic data is not showing a recession, but ask anyone on Main Street or Wall Street about the state…
Some Companies Don’t Give A Damn About Recession: The Hamburger And Beer Economy (WMT)(PG)(CL)(MCD)
Ronald McDonald has just had a big meal and is picking his teeth.The stock market is telling him that McDonald’s (MCD) won’t be hurt by the recession. At $62, the shares of the largest…
The False Economies Of Falling Oil And Commodities Prices
The cost of a barrel of crude has fallen from $147 this summer to $95. On the abacus that is a drop of 36%. Gas is not down nearly that much and still sells…
Companies Hit Hardest By Credit Crisis (AAPL)(SIRI)(CC)(DIS)(WMT)(MCD)
Updated: 31 October 2008 Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT) may be safe.…
Jobless Data Reminiscent of Bread Lines
Maybe the Hurricane damage has something to do with this, but the weekly jobless claims are reaching a critical point. This last week’s initial jobless claims rose again to 497,000. The Labor Department put…
Where Is The Fed When It is Needed?
It is time for Ben Bernanke to descend from Mount Olympus and join the Croesus of the administration, Henry Paulson, in the the trenches, or the tranches, depending on your perspective. Late word is…
Bad ISM Data, Back To 2001 Post-Terror Levels
The Institute for Supply management, or ISM, has released some awful data for the manufacturing sector. It noted that while the overall economy grew for the 83rd consecutive month, the PMI indicates a…
Home Loans Joined By Car Loans And Credit Cards
While the market was busy looking at all of those "For Sale" signs around most neighborhoods, it forgot that people also put three or four expensive cars in their driveways and bought $5,000 home…
Consumer Confidence Data Not Representative of Today
The Conference Board has released some surprising data that was stronger than many would have guessed. The September confidence index came in at 59.8, up from 58.5 in August. The Present Situation index fell…