All Posts Tagged With: "consumer spending"
Wall Street Cheerleaders Already Counting Post-Bear Profits
In a piece entitled, “Wall Street: Three cheers for the bear”, CNNMoney.com looks on the bright-side of the bear…
Dollar Rallies on Sales Surprise - Euro Undercut on ECB Comments
In the currency market, the dollar rallied against the euro. Late Thursday, the euro was trading at $1.5421 vs. $1.5548 on Wednesday. The buck was supported by better-than-expected retail sales, which boosted expectations for a Fed rate hike.
Dollar Slides - But Retreat is Capped by Weak German Sales Data
In the currency market, the dollar sagged a bit against the euro. Late Friday, the euro was trading at $1.5549 vs. $1.5501 on Thursday.
Staying Put Despite a Falling Sky
“When people think the sky is falling, they don’t want to lend money” says Bill Bonner.
“Why bother?”
“They think they won’t get it back… But there’s the paradox: the sky is said to be falling…but investors aren’t running for cover.”
China is the New Japan
Can we talk about the Australian economy for just a moment today? First, some nitpicking. Today’s Australian has a headline that reads, “Credit card debt slows to 13-year low.” That would lead you to believe that something good has happened in the economy. But has it?
Crashes, Crises and Big Profits
Why are some companies starting to get real excited? Don’t they know what happens when the financial system goes dryer than Ms. Spears in rehab?
With the Energy Department’s Prediction for Gasoline Prices, the ‘Experts’ Get it Wrong Yet Again
How does the prospect of $4 a gallon gasoline sound to you? Undoubtedly, it doesn’t sound all that great. But what if I said that gasoline prices were headed for the $4 a gallon level, but once they got there, they’d head no higher?
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