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28 Aug 2009 10:02

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Biz: Cash For Clunkers put consumer spending ahead last month

  • 0.2% consumer spending increase in July; clunkers helped source
Posted by Ernie Smith • 0 Comments • Permalink

27 Aug 2009 11:08

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Biz, U.S.: The national GDP is down, but not as bad as experts feared

  • -1% decline in Gross Domestic Product in the second quarter source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 20:46

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Biz, U.S.: Congressional Budget Office: That stimulus is helping – at a cost

  • The Congressional Budget Office, which has no ties to the White House, says that the economy will recover in late 2009, which they say is “largely the result of fiscal stimulus.” source
  • Despite that positive development, this negative development should get conservatives in a tizzy. The deficit will reach a record $1.6 trillion. The old belt doesn’t fit anymore. source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 10:12

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Biz, U.S.: The White House thinks unemployment’s going double digits

  • 10% unemployment, but they say recovery starts late this year source
Posted by Ernie Smith • 0 Comments • Permalink

13 Aug 2009 11:06

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Biz, World: Europe’s recession appears to be slowing down, too

  • -2.5% the decline in Europe’s gross domestic product in the first quarter; the recession hit hard source
Posted by Ernie Smith • 0 Comments • Permalink

12 Aug 2009 21:34

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Biz, U.S.: The Federal Reserve thinks the economy’s back on track

  • This is a vote of confidence that the credit markets and economic outlook has improved and will show even further improvement down the road.
  • Bank of Tokyo-Mitsubishi UFJ Ltd. CFO Christopher Rupkey • Discussing what the Federal Reserve’s decision to slow down the buying of U.S. Treasuries. This is very good news for the economy, and the economy responded accordingly, with stocks up today. They still plan to continue the $300 billion program, but with an end date of October instead of September. • source
Posted by Ernie Smith • 0 Comments • Permalink

10 Aug 2009 10:31

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Biz, U.S.: When do private economists see the recession ending?

  • Q3 but the recovery is gonna take a little while, they say source
Posted by Ernie Smith • 0 Comments • Permalink
 

06 Aug 2009 11:19

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Biz, U.S.: We’re gonna show a good number, then offset it with a bad one.

  • -38,000 the decline in initial jobless claims the week ending Aug. 1 – more than economists predicted source
Posted by Ernie Smith • 6 Comments • Permalink

02 Aug 2009 22:46

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Biz: Retailers are pushing Christmas in July…and August…and September…

  • Maybe we’re a bit optimistic, but we thought the Christmas season started right after Halloween. The newest recession fighting scheme is to start the holidays early – way early – so customers can avoid buying on credit. Word on the street is that select Sears and Toys R Us locations are already ramping up, some even giving out candy canes. CANDY CANES. In the summer. Is nothing sacred? source
Posted by Nathalie Heiberg • 0 Comments • Permalink

01 Aug 2009 10:49

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Biz, U.S.: President Barack Obama sez the economy still blows

  • When we receive our monthly job report next week, it is likely to show that we are continuing to lose far too many jobs in this country. As far as I’m concerned, we will not have a recovery as long as we keep losing jobs.
  • President Barack Obama • In his weekly radio address, describing the state of the economy. The president says that it will take “many more months to fully dig ourselves out of a recession – a recession that we’ve now learned was even deeper than anyone thought.” • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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