Obama's New Stimulus Plan
Last week, I listened to Obama’s press conference speech on his newest stimulus plan. My first impression is that Obama is truly a great speaker. We don’t know whether his plan will work out in the end, but the hope he brings to Americans will surely get things going. The new plan seems to have [...]
Tagged as: banks, foreclosure, government, hope, jobs, obama, press conference, stimulus plan, troubled assetsUS in Recession: It is Now Official!
Sometimes, the early bird gets the worm. The “news” of US recession is almost a year old. Like everything else, by the time the news reaches the general public, it is already too late. Many people already knew that we are already in recession but others are too naive to believe it and face the [...]
Tagged as: automakers, bailout, bankrupt, bear market, debts, ford, gm, jobs, oil, recessionBailout or Bankruptcy?
GM and Ford will not fail. IMO, they are just too big to fail. The automotive industry is huge, and the global economy largely depends on it because a car is a necessity for many people. If GM and Ford fail, it will create a total disaster for the global economy. Millions of jobs will [...]
Tagged as: automotive, bailout, bankruptcy, competition, Economy, ford, fuel-efficiency, gasoline, gm, government, honda, japanese, jobs, labour, toyota, uaw, unionsFed's Half-Percentage Rate Cut
As expected by many investors and analysts, the Fed had cut the key interest rate half a percentage to 3% on Wednesday, the lowest level since Spring ‘05. This is the fifth time the Fed had cut the rate since it began with a half-point cut on Sept. 18, 2007, in response to the Subprime Crisis back in Summer ‘07.
Tagged as: borrow, Economy, fed, growth, half-percentage, inflation, jobs, rate cut, subprime