From Bloomberg today, two bright spots on the economic landscape:
The Conference Board’s sentiment index climbed to 39.2, the highest level since November, from 26.9 in March, the New York- based research group said today. The gain was the biggest since November 2005.
Home prices stabilize: A report from S&P/Case-Shiller today showed that the slide in home [...]
What are the signs of the recession reaching bottom? There are a number of indicators that may be of some help. For the stock market, which usually turns up a quarter or two before the economy follows, the signs are weak, but at least in the right direction: First, an upturn in the total stock [...]
The GOP and Democrats will battle over the size and shape of the new Federal Budget
The U.S. economy may be in recession but the U.S. dollar is strong relative to almost all other currencies.
The meeting today and tomorrow of the G7 finance ministers in Rome will be looking to America for leadership in solving the global banking crisis. Timothy Geithner, our Secretary of the Treasury must step up to the task.
Employment levels plummet in January, continuing the trend that began in September.
The dramatic drop in production in the last quarter of 2008 actually understates the magnitude of the problem with our economy.
The Bureau of Labor Statistics provided the data for the chart below.
In a sea of bad news, the water just got a little deeper, as every state in the United States reported a month over month and year over year rise in their rate of unemployment.
It is not surprising that the agricultural states in [...]
A report from the Associated Press today discloses that nine out of ten banks that got bailout funds have kept their senior management in place. In other words: “The same executives who were at the controls as the banking system nearly collapsed are the ones the government is counting on to help save it.”
The regular [...]
Slowing world demand is crippling some Asian economies. China’s economic growth is slowing, India is suffering, and South Korea and Taiwan are plunged into a severe recession of their own.
