From the category archives:
Now that the debt ceiling has been raised and the media have already turned to the question of how Obama will be celebrating his 50th birthday, it behooves us to consider the new market slump that has sunk in following registration of the reality of America’s debt situation. Immediate crisis would seem to have been [...]
-{ Comments on this entry are closed }
I’m an extremely cautious bull on the current markets. Cautious, because, if a few criteria are met, the mini bull market (or bear market rally, if you prefer) we’ve seen since March 2009 could easily tip over and provide the catalyst for the hypothetical “double-dip recession.”
Commentators have recently been pointing out the fact that the [...]
{ Comments on this entry are closed }
I’d like to update the previous list I posted on which companies have laid off workers – how many jobs have been cut since the October stock market drop.
Since then, there was one day in which more than 75,000 jobs were cut in a single day alone! The current number of confirmed layoffs since November [...]
{ Comments on this entry are closed }
Those people betting on seeing the Obama Effect in infrastructure should tell me what they think of Boeing’s latest job cut announcement (read it here). Or is this a sign that the infrastructure pre-bubble has popped? Either way, it’s pretty sad and scary. Canada also just announced that the recession is going to be deeper [...]
-{ Comments on this entry are closed }
Well, maybe we are getting close to 10% unemployment in the US as I suggested in a previous post. The most recent numbers indicate that unemployment levels in the US have reached 7.5%. According to this Globe and Mail report, anyway. Still, it’s a long way off from Great Depression numbers. AND unemployment is measured [...]
-{ Comments on this entry are closed }
Yes, that’s right. Quite amazing. It was led by Caterpillar, but also retailers like Home Depot. Kevin O’Leary estimates that this means we might be heading towards 10% unemployment in the U.S. Yikes!
According to O’Leary today on BNN, pretty much the only remaining hope in the investment world right now (in terms of earnings) is [...]
{ Comments on this entry are closed }
Here’s one way to track the growth of the recession, including hopefully when it will be over. Keep in mind that “earnings trail the market” and that layoffs tend to happen in the final down-turn of an economy. So these layoffs, unpleasant as they are, might actually be the signs of an approaching end to [...]
-{ Comments on this entry are closed }
