job market
Consumers High on Hope
Consumers are high on hope, choosing the drug peddled by politicians, mall operators and bankrupt car makers, over the dismal news coming from the housing and job markets. Consumer sentiment, the lifeblood of the American economy, climbed last month to the highest level since last year. The faint glimmers of good news in some areas [...]
Tough Job Market
3.24.09- The newspapers are full of employment-related horror stories, but I just found new evidence that shows just how desperate people are to find work. I came across two postings on Craigslist that were offering cash – up to $500 – to anyone who could help find a job. Times are indeed tough; the job [...]
AIG Needs $12.5 Billion – Time to Pay Attention, Wall Street!
The stock market rumbled ahead on greased rails of delusion cheered by the glimmer of light perhaps flickering at the end of the credit crisis tunnel. But, the news Thursday afternoon signaled that the frail twinkling they thought meant hope may be an oncoming freight train instead.
After the closing bell Thursday, American International Group, the [...]
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