As the credit card companies, which took a hit the last 2 years with the entire credit mess, start turning profits, many are offering deals which seem to be quite nice for consumers. Over the last few months we have seen a large number of companies begin offering 0% rates for up to a year. [...]
It may be a bit early to talk about a bull market on Wall Street, but there have been a lot of signs lately that a recovery is in the works. When President Bush was in office, the democrats blamed him for the downturn in the economy. Now that Obama is in office, he is [...]
In a sign that the US economy may be getting stronger, numbers have come out this morning pointing to a better than expected job market. Last week initial claims for unemployment aid dropped by 11,000, to 445,000. This is the lowest level since July 10th of this year. Overall, the number of new people filing [...]
Consumer spending is a very important part of any economy. Economists look at it for clear signs that the economy is picking up,. Today’s numbers in Consumer spending were higher than the forecast. People are spending more than they were last month, meaning business’s should be making more money as well. The median estimate for [...]
New jobless claims last week declined from 504,000 the previous week down to only 473,000 last week. This is good news in an otherwise dreary economy. 48 expert economists who were surveyed by the Dow Jones Newswires predicted that jobless claims would only fall by about 10,000 (median of those surveyed). Instead we saw a [...]
Yesterday we saw a dramatic drop in previously owned home sales, which caused the stock market to fall, and economic worries to rise a bit. Today we got the latest numbers from the Commerce Department on sales of newly built homes, and they were almost as dismal as yesterday’s numbers. New home sales dropped 12.4% [...]
Gold Prices today ended above $1,235 an ounce as more bad news came in about the US Economy. These economic reports coming from several fronts, put pressure on the US dollar, thus increasing the price at which it costs to purchase an ounce of Gold. The Us Unemployment numbers seem to be getting worse rather [...]
Today comes word that the job market still is not improving. The weekly unemployment numbers are in, and they are not looking good. Last week, there were 500,000 new claims filed for unemployment. This number is higher than it has been in 9 months. Last week, there were 480,000 claims filed. Unemployment insurance is issued [...]
Gold prices rose today to over $1,230 an ounce today as many gold analysts are predicting that we will likely see intraday all-time highs sometime before mid September. The intraday high for Gold was reached back in June of this year when it struck $1,264 an ounce. Technically gold is a buy, however many experts [...]
If you happened to tune into CNBC earlier you likely were able to catch the segment where Hedge fund manager Kyle Bass was able to give his thoughts on the economy and markets in general. Kyle Bass has been credited for making several doom and gloom predictions on the economy that ended up coming true [...]
