Rick Pendergraft says you shouldn’t underestimate the lift that tumbling gas prices can give consumers in 2009. Compared to the $4 a gallon peak in July, drivers will save $162 billion a year at today’s prices. Add that to a boost in confidence from the Presidential changeover, and Rick says a slow recovery could be on the horizon.
There’s more bad news ahead for the U.S. economy as home foreclosures continue to rise. One out of every 483 U.S. households is at some stage of the foreclosure process, and with that many displaced or struggling homeowners, the economic recovery may well take longer than expected.
As China grapples with the consequences of its devastating earthquake, it finally also has begun to confront the destabilizing forces that are bubbling up from beneath its economic landscape.
Are you getting dizzy yet trying to keep track of all the takeover activity in the Aussie market? From the big fish to the little fish, all of fishes in Australia’s resource ocean are on the Chinese menu.