Tag recession

Retail sales drop precipitously in September

Looks like a grim Christmas season, both for retailers and for websites that generate revenue from Google ads. With sales down, advertisers are cutting back on search engine advertising. So, for those wondering, why did my Google income drop off…

The working poor

The NY Times has a poignant article about a 49 yr old man forced to move back home with his mother after the plant he worked at thirty years shut down. He was working hard, doing everything right too. It’s…

Recession

Goldman Sachs says a recession is near with Merrill Lynch saying it’s already here. Triggered by the subprime debacle, the rot has spread through all residential real estate and is now impacting commercial real estate, credit card and auto loan…

U.S. recession, worst “in a while”

That’s the opinion of Jim Rogers, legendary investor and co-founder of the Quantum Fund with George Soros. “It’s going to be one of the worst recessions we’ve had in a while because we had so many excesses going into it”…

Home sales drop 9% to 12 year low

This worsening housing recession, together with the worst liquidity and credit crunch in the last 20 years, oil close to $100, faltering capex spending by the corporate sector and a saving-less and debt-burdened consumer that is on the ropes and…