Archive for March, 2010
Unemployment Fell in Nine U.S. States as Michigan Made Headway
This is an interesting report as some still believe the U.S. economy is in the toilet. What is the right indicator to determine whether the economy is doing better or worse? Some people say that unemployment numbers are not a true depiction of the economy because claims are expiring. Others would say that the economy [...]
Why Banks Can’t Lend: U.S. Financial System “Not as Good as Wall Street Says”
This is an interesting article. As I have always said, banks are not lending and they are not in any position to do so. What are we to do? From a business perspective there are many ways to get around needing a bank loan and I have many clients to prove it. Some would say [...]
Could the economy be at risk of a double dip?
Should we be concerned that upcoming economic reports continue to show worrysome data or is that we are still adjusting to an economy similar to the 1970′s? NY Times writer by David Leonhardt, writes: Wednesday, March 3, 2010 We’re now in the midst of the worst run of economic news in almost a year. Home [...]
Economy grows
Fed: Economy grows, but snowstorms hurt some areas Fed Beige Book survey: Economy grows though snowstorms crimp activity along the East Coast Jeannine Aversa, AP Economics Writer, On Wednesday March 3, 2010, 4:13 pm WASHINGTON (AP) — The economy is growing slowly, but snowstorms crimped activity along the East Coast last month, according to a [...]
Wall Street lifted by jobs report
By Masa Serdarevic in New York Published: March 3 2010 15:38 | Last updated: March 3 2010 15:38 Investors were comforted by a report showing US companies cut the fewest jobs in two years in February and by slightly easing concerns on Greece’s sovereign debt, helping Wall Street rise for the third consecutive session on [...]
Ford returns to the number 1 spot
This is an interesting event in that Ford lost ground over the last couple of years via normal economic environments and is now in a better financial position post financial troubles in ’09.