There’s a giant sucking sound coming from the other side of the Atlantic Ocean.
It’s the sound of the last gasps of air being vacuumed out of the British economy.
With the country spiraling into a “US-style” economic recession (and in truth, it’s probably there already), the Bank of England (BoE) is taking proactive, brutal measures.
Following a [...]

It’s not pretty out there, and I’m guessing you’re probably just as weary of hearing all the negative news as I am of writing it. Really, regardless of whether you’re directly affected by it or not, reading stories about more jobs cuts, more bankruptcies, more poor economic data all day every day, isn’t exactly a [...]

Amid all the bad news, the markets do seem to be turning up a wee bit. Even though they started on a bad note, and fluctuated between gains and losses the majority of the day, they still managed to end on a positive note.
According to Jason Weisberg, an NYSE trader who spoke with FOX Business, [...]

Ever since their surprising Congressional rejection last month, Ford (NYSE: F), General Motors, (NYSE: GM) and Chrysler have all been scrambling to prove that they’ve turned over a new leaf and that it is - really and truly! - worth saving. Promise, cross its heart and hope (not) to die.
Each company has revealed a so-called [...]

In my first blog today, I wrote that Americans - both the government and the people - didn’t want to consider the possibility that they could be something other than number one.
I still firmly believe that, but it seems that delusions of grandeur might be more of a universal concept than some people might like [...]

In a perfect world, we wouldn’t have any problems with unemployment, everybody would like and understand each other, the global temperature would always be a perfect 90 degrees without any humidity, and we’d all be millionaires.
Shockingly enough, this isn’t a perfect world, so I’m not really quite sure why people are acting like life can [...]

I haven’t read an actual newspaper in I don’t know how long. Honestly, I’m a product of my generation, and as such, I use the computer and the Internet for everything… even when I really don’t need to.
But there I was still at my parents’ house - they’re old fashioned and still actually have a [...]

It’s officially December, and even though it feels like February out there, we’ve only begun the holiday season.
Thanksgiving is just barely over, Black Friday - and its annual trampling hordes, some of which obviously need a lesson in the real meaning of Christmas - is past, and welcome to Cyber Monday.
Let me tell you, there [...]

U.S. markets started off of on the wrong foot this morning thanks to more economic bad news, but they’ve rebounded nicely since Obama chose former Federal Reserve Chairman Paul Volcker to head his special economic recovery advisory board.
With the stock market went the US$ which shockingly enough is still being seen as a safe investment [...]

I’ll admit that there doesn’t seem to be much out there to be thankful for. It’s difficult to ignore the latest round of economic news come just in time for the holidays.

Jobless claims are indicative of us being in a recession
Consumer spending fell again
Home sales fell to almost an 18-year low.

Ouch!
Yeah, it’s bleak, but we [...]