Obama and the Future
It seems that nothing much have changed in the past month or so. The uncertainty of the global economy is growing and stocks are still going down. However, it is not all doom and gloom. Things are being stabilized a little for now as gasoline prices appear to be bottoming out and bad financial news [...]
Tagged as: bac, c, change, f, gasoline, gm, merger, obama, recessionUS 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, recessionOil Surpasses $103 for First Time
We are in recession and bear market, there is no denying about that. Since the beginning of the year, most of the stocks went down and the economy continues to trend down. With oil and gold at record high prices ($103 and $970 respectively), President Bush and Federal Reserve chief Ben Bernanke still deny that we are [...]
Tagged as: bernanke, bush, Economy, gold, growth, high, negative, oil, recessionAsia Markets Sink Amid Pessimism Over US
The US recession fear had spread across the world. Today the Asian markets are taking a big hit, especially in Hong Kong and China, both declining more than 5%. I believe the US market will drop too because of the widespread pessimism in Bush’s stimulus plan to prevent a recession.
Tagged as: asia, bush, china, drop, fear, hong kong, markets, pessimism, rate cuts, recession, recovery, stimulus, usUS Economy Loses Ground
The whole market is down at the moment. It is not just individual stocks, it is the whole market. As mentioned last week, Goldman Sachs sees US recession in 2008. The root cause of this is the Subprime Crisis in summer 2007, which leads to the housing downturn. This had indirectly affected most of the [...]
Tagged as: cheap, citigroup, consumer spending, decline, down, Economy, goldman sachs, housing, intel, loss, market, recession, retail, shaky, subprime, uncertainty, us, volatility