BL: U.S. Economy: Leading Index Shows Recovery Many Months Away
Written on 20 Apr, 2009 at 13:03 in ECONOMIC NEWS | viewed 265 times | 0 Comments
“There’s no reason to think that this recession is going to end any time this spring or this summer,” Ken Goldstein, an economist at the New York-based Conference Board, said in an interview with Bloomberg Television. While “there is at... (Continue reading)
Charles Hugh Smith: Why a 50% Drop in Housing Is Not the Bottom
Written on 18 Apr, 2009 at 7:32 in ECONOMIC NEWS | viewed 97 times | 0 Comments
Another excellent analysis from CHS, one that should cause any rational investor to wonder whether recent market euphoria can last, and ‘happy days are back again’ in any meaningful way. The full article at his excellent site can be found... (Continue reading)
Trouble in Paradise: Hawaii foreclosures soar 503% in March
Written on 18 Apr, 2009 at 7:17 in ECONOMIC NEWS | viewed 99 times | 0 Comments
Increase in March was 2nd only to North Dakota, which saw 563 percent rise Foreclosure filings in Hawai’i rose to their highest level since the present real estate market downturn began, soaring a record 503 percent to 724 from 120 in... (Continue reading)
Imagine that Lol Lol ~ Growing unease about dollar as US deficits grow
Written on 8 Apr, 2009 at 5:25 in ECONOMIC NEWS | viewed 11 times | 0 Comments
Growing unease about dollar as US deficits grow By Eileen Alt Powell Associated Press Writer April 6, 2009 NEW YORK—There’s growing unease about the dollar around the world as the United States struggles to right itself from its worst recession in decades. The prospect that... (Continue reading)
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