economic news

A Barrel of Monkeys

Posted Thu, 11/06/2008 - 08:11 by roxy

The grim economic news has been overshadowed with election news. The American people voted resoundingly for hope, but President Elect Obama is gonna need more from us than our vote.

Here is a little link recap from MSNBC on the economic forecast.The headlines alone have a story to tell.

Meanwhile back at the ranch--News on the Economic front

Posted Tue, 08/19/2008 - 08:36 by carol white
Even though the Labor Department is known to massage its statistics, the numbers are so bad that its latest report registers an increase in the Producer Price Index of 1.2% in July and 9.8% in the last year. CNN carries the story. Even with a dip in oil prices over the last month, CNN says that this is the highest rate of increase in the past 27 years. The Dow is sinking and should dip below 11,000 once again. It well may test new lows in the next couple of days.

Reality Check

Posted Tue, 07/01/2008 - 15:12 by carol white
Startbucks and Auto Industry feeling the pinch. From Bloomberg News: U.S. June Auto Sales Plunge as Buyers Can't Find Cars (Update1) by Greg Bensinger and Alan Ohnsman. Buyers looking for smaller cars but the auto industry has not made the shift. : : : And Burt Helm asl the following question, Starbucks to Close 600 Stores - Will It Be Enough? on Bloomberg's blog.