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Monthly Archives: May 2012
America is the bright spot in the world economy?
According to the second estimate of first quarter output, the American economy grew at a 1.9% annual pace in the first three months of 2012, down from 3.0% in the fourth quarter and less than the 2.2% growth initially estimated. … Continue reading
Posted in Economic Trends, Uncategorized
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Consumer Confidence Goes Greek
U.S. consumers are feeling better or worse about the economy in May, depending on whom you ask. The Conference Board said Tuesday that its confidence index tumbled to 64.9 this month, the lowest level since January. The unexpected drop was … Continue reading
Let's indulge in American resentment
EVERY DAY IM SHUFFLIN’ Americans feel bad. The system failed them. They are pissed. Just for a moment, feel the anger. It feels good to close your eyes and think how America let you down. It is America’s fault that … Continue reading
Athens make Berlin whole,euro-serious?
“If Greece unilaterally rejects the bailout deal it will be isolated for years … It will have no food, no drugs, no fuel. It will have to live with permanent power cuts”. “If Greece stays, it would mean new wage … Continue reading
Posted in Economic Trends, Uncategorized
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Consumer confidence at four year high
NOTWITHSTANDING THE EURO-FATIGUE, AMERICAN’S WILL SLOG THROUGH The U.S. Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through … Continue reading
2008 all over again? Nope.
When it comes to the fear of another recession, Americans are visibly shaken. The last few weeks of Euro-news wiped out six months of American hope. “We are seeing slower growth globally, including China,” said Sam Bullard, senior economist at … Continue reading
Posted in Economic Trends, Uncategorized
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The Impotential of America's Economy
YOU WILL OFTEN HAVE TO ACT WHEN THE FOG OF UNCERTAINTY IS HEAVY Americans are distraught again. Just when they thought brisk growth would quickly return the economy to its long-term potential, sluggish growth reared its ugly head and persistently … Continue reading
Is the worst over for homeowners?
Data released Tuesday shows that existing-home sales increased 3.4% in April from a month earlier and 10% from a year ago, with market conditions improving in many parts of the country. The National Association of Realtors said Tuesday that existing … Continue reading
Posted in Real Estate Trends, Uncategorized
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Remarriage offsets the negative impact of divorce- cohabitating does not
Divorce is horrid. But getting married- again, usually eliminates the long-term consequences of divorce. According to a white paper by the National Institute on Aging economic well-being in later life is linked to marital status— married older couples have higher … Continue reading
Court orders adult children visitation schedule for elderly parent
Three “children” ages 55, 57 and 60 have a 90 year old dad and 87 year old mom. The 60 year old lives with mom and dad and is their caretaker. Mom gives the 60 year old 100 dollars for … Continue reading
