Author Archive
Bank Failures Threaten Small-Business Lending
This is a telling article about how tough it is for small and mid-sized businesses out there, but it goes to what I have been presenting for about two years now. It is possible, because I do it all the time with clients, to manage a business without the need for loans or accessing [...]
Slowly, Americans are regaining their lost wealth
This is an interesting article related to this economic bounce back. I have always said that good or bad news about the economy depends on who you talk to. Some people are so angry and yet, some are tickled pink for their own reasons.
This article is stating the fact the some [...]
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 [...]
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. [...]
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 sales have dropped. [...]
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 Federal Reserve [...]
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 Wednesday morning.
The [...]
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.
Stocks climb on upbeat earnings, economic reports
Stocks climb after upbeat earnings from Deere, stronger housing numbers boost recovery hopes
Associated Press
By Tim Paradis, AP Business Writer , On Wednesday February 17, 2010, 5:40 pm EST
NEW YORK (AP) — A stream of good news has the stock market back on an upward path.
Encouraging corporate and economic reports Wednesday raised hopes that a recovery [...]
Americans Keep Racking Up Debt
People, people, people, what are you doing? Why so much credit card use? Didn’t you learn your lesson in 2009? Come on people. It is possible to live without credit. Do you know that credit card companies make just as much from fees and interest rates on what you spend? [...]