14 Feb
Are the feelings of Henry Paulson, Secretary of the Treasury. While the housing correction is considerable, and energy prices remain high, the fundamentals of a good economy remain strong. Read more at Reuters…
14 Feb
An excellent article by Brian Westbury of the WSJ that speaks to the “real” economic situation. That while some data has been soft in the later part of 07, it’s not unusual. In addition he puts the mortgage situation in some perspective, that might put you a little at ease…. Our economic condition is strong, it’s just taking a bit of a breather…
13 Feb
As I’ve been saying, I’ve seen no let-up at my local eateries and retail establishments. Couple that with the fact that our economy is consumption driven, and you understand why I’ve contended that too many people were letting the fear mongers fulfill a self-driven philosophy that we’re heading to a recession.
Reuters reports retail sales rose .3% in January, contrasting greatly with an expected drop of .2% by Wall Street. Read more here…
http://www.reuters.com/article/businessNews/idUSN1333484420080213?feedType=RSS&feedName=businessNews
5 Feb
The past few weeks, since the Dow has regained some ground, has sent the doom and gloomers running for other news. The entire markets are driven by such emotional volatility, that I would rather read corporate results than look at a ticker for my indicator of economic status. The problem stems primarily from our greed, in my opinion. Wall Street looks for instant gratification, or people pull there IRA’s from underperforming funds, looking for funds with greater returns. This puts pressure on the fund managers to constantly be on the lookout for the company with the next great quarterly results… And don’t even get me started on the day-traders, that look for their daily income by buying in the morning and selling in the evening. Why not just call Las Vegas, throw your money on a few ball games, and go play golf?
Don’t look to the Dow for how well this economy is going… Go to your local mall, Home Depot, Macy’s on any given weekend, and I almost guarantee you’ll see us still very much immersed in an era of consumerism, which by the way, is the main driver behind economic health.
Go and spend, but spend wisely. Retirement IS around the corner for many of us.
5 Feb
Emerson’s first fiscal quarter ended Dec. 13, 2007 with great news! Profits, revenues are up, and beat Wall Street’s expectations!
5 Feb
I suppose the doom and gloomers have forgotten that things are all bad… I have a harder time finding really bad corporate results vs. really good corporate results. Thanks to Reuters for reporting ALL the economic and corporate results, good and not-so-good.
5 Feb
More good corporate earnings news from Tyco, one of the Nation’s leaders in surveillance and security technology….
www.reuters.com/article/businessNews/idUSN0564608220080205?feedType=nl&feedName=usbusinessearly
