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Oh boy, our domestic financial flu is spreading, and overseas financial markets are in a swoon as a result.
That's the big news today even as the U.S. financial markets are closed for Martin Luther King Day. With U.S. banks and stock exchanges closed down in honor of the slain civil rights legend,...
Read More | Jan 21st, 2008
I know, I know.
I'm a broken record on how the media keeps good economic news hidden in the shadows. But with good reason. If all consumers hear is how bad the economy is going, then they could stop spending and really increase the chances of the economy going south for the winter, so to...
Read More | Dec 31st, 2007
Media pessimists are crying in their beer today, their dour, gloomy faces stricken with grief over the knowledge that, despite their best efforts, the U.S. economy refuses to buckle under and go into recession.
It's getting funny, actually. Every quarter the U.S. gross domestic product (GDP)...
Read More | Dec 20th, 2007
Being sick in bed for the better part of the week is a real eye-opener.
Besides the curious experience of buying Advil, Orange Juice, and one of those comical sleep masks you see people wearing on airplanes, at a Wegmens' at three o'clock in the morning, you get to pass the hours alternately...
Read More | Oct 26th, 2007
I know a lot of so-called water-cooler "experts" who say they make a bundle trading in the technology stock sector every day.
But ask them what GDP means, or what the latest consumer confidence number say (and mean), and you get a decent impersonation of The Three Stooges doing their professor...
Read More | Oct 8th, 2007
I had to shake my head when I read about the latest GDP numbers today.
The news is good, maybe even great for the economy – a 3.8% upward spike in gross domestic product for the second quarter (the numbers were revised from the original GDP estimates, and were light years ahead of the 0.6% GDP...
Read More | Sep 27th, 2007 | Comments: 2 | Last Comment: Oct 1st, 2007
