Commerce-Department
Real estate market still sinking
Oct. 17,2008. New records are being set almost every day now – too bad they’re all bad. The Commerce Department just reported that construction of new McMansions and luxury condos dropped an unhealthy 6.3 percent – a decrease of 1.6 percent was anticipated.
This brings the home construction to the lowest level since 1991. And the [...]
Wall Street’s Wild Ride
Stocks started the month of September with a wild, manic ride.
The Dow rocketing over 200 higher in early trading, fueled by
news that Hurricane Gustav did very little damage to the many
oil and gas platforms that dot the Gulf of Mexico. (It also spared
New Orleans, veering to the west instead of adding to the
devastation that [...]
The Economy: Not Dead Yet!
The economy is not dead yet! The Commerce Department reported that the U.S. glowed under the warm light created by 3.3 percent real economic growth in the second quarter. This new reading almost doubles the original tally of 1.9 percent- which provided barely enough wattage to read the fine print on mortgage, credit card and [...]
The Economy: Just Limping Along
Less than swell news came from the bowels of government bureaucracy this morning. The Commerce Department reported that the US economy grew at an annual rate of 1.9 percent in the second quarter, which was less than predicted by economists, and it actually contracted by 0.2 percent in the final three months of 2007.
It appears [...]
China is the Culprit for American Woes
China is the Culprit for American Woes
By Greg Strid
A brief introduction:
The days of plenty may be coming to an end. There
is a palpable sense of unease that stretches from coast to
coast. People cannot put their finger on it, but they know
that something is amiss. Politicians and business leaders
can feel the tension in the air, but [...]
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