Is the Recession Over - Small Business Owners Answer!

Posted November 17th, 2009

The Recession Near the End of 2009
Here in November of 2009, we are seeing some good news as the stock market seems to be staking a shaky upwards trend.  But is the recession over? Is that the only sign we should look at? What about the jobless rate which has also been spiking up. Stock owners may [...]

Who Did the Bailout Help ?

Posted October 21st, 2009

So Who Won with the US Government Bailout?
Of course, this has been written about before, both by me and pleny of other writers who are a lot more famous (or should be). But the Obama US government bailout got discussed a lot in the very early days. Not enough time had passed to make any [...]

Americans Wallets are Shrinking

Posted June 11th, 2009

Americans Net Worth Dropped 1.33 Trillion in 1Q
If you have felt like your wallet was shrinking over the last several months, at least you can have some comfort because you are not alone. In fact, the US Federal Reserve reported that US assets strunk over a trillion dollars in the first quarter of this year. [...]

How High Can The US Jobless Rate Go?

Posted January 9th, 2009

The US Economy Lost Half a Million Jobs Last Month
Now I’m watching CNN, and they are reporting that most economists feared that the number would go up to over 700,000, and so half a million lost jobs was actually good news. The unemployment rate is now 7.2 percent. In fact, we have lost the most [...]

What Will Employers Cut Next?

Posted December 4th, 2008

Yahoo personal finance posted its take on the things that employers will cut next in order to cope with slow business and tight credit. Beyond job cuts, 85% of employers expect to cut benefits in order to save money. They may be trying to hold onto more employees by having all employees sacrifice some perks.
Layoffs: [...]

US Jobless Rate Predicted at 7.5% - Hello, Recession!

Posted November 17th, 2008

In case any of you have not noticed, the US has slipped into a recession. I do not ever remember a painful struggle like this to deny the recession and pretend that everything was ok! But I think everybody’s on the same page now. It is rough out there, and yes, the US is slipping [...]

Largest US Job Cut in 5 Years Fuels Worries

Posted October 3rd, 2008

September, 2008 Job Cuts Top Expectaions
Most people were expecting about 100,000 jobs cut from the US market, but the bad news is in.  The labor department reported that 159,000 US jobs were cut in September of 2008. This is another worrisome sign that the economy is headed for a deep recession.
This is the 9th month [...]

How Much Is The Bailout — Measuring 700 billion dollars

Posted October 1st, 2008

Are you having trouble wrapping your brain around the concept of 700 billion bucks? Me too. Just how much money is that, anyway? I mean, the obvious answer is that is is $700,000,000.00, but that is such a big number it is really hard to grasp. It is certainly a lot more than I have [...]

Is the Government Bailout of Financials a Good Thing?

Posted September 25th, 2008

Wow, this has been an eventful time for the American taxpayer, hasn’t it? Those of us in the Gulf, started to get our power back to find out that the economy was in more of a mess than it even was in before we greeted Ike. The government is planning on spending a few thousand [...]