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Anybody reading this blog knows that the media has been adamant about the U.S. economy tanking into recession, with reporters putting their notebooks and tape recorders down and waving pom-pom's in support of economic strife for millions of Americans.
Why? Once again, who knows? Probably because...
Read More | Feb 21st, 2008
Even as U.S. Treasury Secretary Henry Paulson reassured us on Friday that the economy "would not go into recession" in 2008", some people, especially consumers, aren't buying it.
This is exactly what I'm talking about when I vent over the power of perception and the media's glee in talking down...
Read More | Feb 9th, 2008 | Comments: 1 | Last Comment: Feb 10th, 2008
It was supposed to be Christmas in May, with technology company executives harboring visions of wallet-waving consumers dancing in their heads.
The reason? The proposed tax rebates coming from Washington that would put up to $1,500 in many Americans back pocket, and hopefully send them out to buy...
Read More | Feb 6th, 2008
Lots to talk about today. You've probably already have read about Microsoft's $45 billion buyout of Yahoo. Obviously, Microsoft is giving up on its MSN web portal and throwing it's weight and capital behind Yahoo. For Yahoo, which has seen its stock slide precipitously in the last year, the deep...
Read More | Feb 1st, 2008 | Comments: 1 | Last Comment: Feb 2nd, 2008
Pundits and media types hoping and pleading for a recession will be disappointed today.
Instead of more bad news they could use to help wave their recessionary pom-poms, the media got a sharp stick in the eye in the form of strong manufacturing numbers.
According to the U.S. Commerce Department,...
Read More | Jan 29th, 2008
Let's all take a breather at the end of another topsy-turvy week on Wall Street, where things have calmed down as of mid-morning on Friday (the Dow Jones Industrial Average is off a mere four points at 11:30 AM EST, and is actually up for the week . . . but the media doesn't want you to know...
Read More | Jan 25th, 2008
New Stimulus Package . . . Tips on Travel Costs
News from Washington this morning says that congressional leaders and Bush administration officials have reached a deal on an economic stimulus package that would send checks to most taxpayers in an effort to keep the economy from falling into...
Read More | Jan 24th, 2008
With the markets roiling today, although not as roughly as many economic pundits had predicted before the Federal Reserve announced a three-quarter percent cut in its prime lending rate (from 4.25% to 3.50%), maybe we can exhale and examine what lies in front of us, from an economic viewpoint.
A...
Read More | Jan 22nd, 2008
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
Today's batch of economic news is mixed, and seemingly conflicted as ever.
Hey, don't shoot me - I'm only the messenger.
But for techies wondering how secure their jobs really are these days the news from the most recent Federal Reserve Beige Book report signaled economic growth for November and...
Read More | Jan 17th, 2008
