Last week, President Obama was on 60 Minutes and sent a message to Wall Street: no big bonuses when Main Street still has not seen its fair share of TARP support and no bonuses until all TARP borrowed is paid back in full.
A few days later, CNBC provides live coverage of the Wells Fargo issue […]
Over the past couple of months, the US economy has been showing signs of stabilization and hope for very modest growth. However, as we enter another earnings reporting season, many market analysts fear that we may experience another drop, effectively erasing the recovery gains we have recently experienced, because they are expecting corporations to announce […]
It’s now a few days into my JPM prediction and you may be wondering why, with the stock clearly below my $20 floor, I’m still optimistic?
Nothing will happen in a day or two. Technicals showed that the price of this stock needed to ease up a little. That said, today’s pivot point analysis shows S2 […]
I’ve heard that some financial stocks are up and that the price of gold is showing the begging of a stability trend. In addition Sunpower, a leading solar technology maker, posted record breaking earnings, today.
That’s interesting. And I wish I could bet real money on that. I certainly am investing some hope into these observations.
There […]
Yesterday, President Obama announced that the US’s top problem is energy independence and has started the process of improving the country’s commitment to reducing pollution and to start developing alternative energy sources in tandem with building automobiles that are more energy efficient. And, all this would culminate in developing a new energy landcape in the […]
On CNBC, today, there was a discussion about financial support for the auto industry and that Michigan is now pointing to other countries that support their car makers, including Canada that has supported the US car industry with $3 billion.
And this got me thinking, again. What happens if all car making countries that are, not […]
In a somewhat surprising turn, consensus of the US government fell to the side of not bailing out the Big 3 auto makers in Detroit. And stock markets took a pounding. Based on positive signs in said markets, through last week and early this week, there was a clear sense that the multi-billion dollar bailout […]
On CNBC, this morning, there was a spirited discussion on the future of the Big 3 American automakers. Should we let the natural economic cycle occur and let these outdated manufacturers die? There seemed to be 2 arguments supporting the maintenance of these companies, for the time that I was watching. First, these companies are […]
This is tough. Recessions and depressions are characterized by high unemployment. So, how can an economy proceed through a down-cycle and not create havoc on individual salary and wage earners? The American automobile industry is facing such a dilemma. I just heard on MSNBC that approximately 10% of jobs in America are tied to the […]
And SBA loans for small business are somewhere in the 5-6% range - a definite improvement over the 7.5% from a few months ago. And, consumer confidence is at historic lows, in the USA. So, as mentioned on this blog several times before, we are at a point where entrepreneurs need to tap consumer pain […]
