- Thursday, 6 Aug 2009 11:48 AM ETBy: Vince Farrell
Everett Dirksen (late Senator from Illinois) used to think $1 billion was a lot of money. "A billion here, a billion there and pretty soon you're talking about real money" he said in a famous hearing in the 1950's. It now seems a drop in the bucket when you think about a $787 billion stimulus package and a $1.8 trillion budget deficit. » Read more - Friday, 24 Jul 2009 10:54 AM ETBy: Vince Farrell
Thursday's continued string of better than expected earnings reports plus a better number on existing home sales encouraged the bulls and scared the shorts. 3M, Qualcomm, Bristol Meyers, Ford and McDonald's all did better than expected and they represent quite a cross section of industries. But I am still troubled by the fact that revenue growth is lacking and the better earnings are coming from cost cutting which can only go on for so long. I remain cautious. » Read more - Thursday, 23 Jul 2009 11:07 AM ETBy: Vince Farrell
Ben was superb. He knew he had to deliver a strong message and not get bogged down by the often inane questions of our political elite. The best way to get your point across is to tell them what you're going to say, say it, and then tell them what you said. Even Congressman might hear the message. » Read more - Wednesday, 22 Jul 2009 12:06 PM ETBy: Vince Farrell
You know the sound that a large truck makes when it backs up? Beep-beep-beep. Well that sounds like what's coming out of Congress since the nonpartisan Congressional Budget Office said it didn't see any savings in the health care proposals but rather an increase in the deficit of a potential $230 billion. » Read more - Tuesday, 21 Jul 2009 10:31 AM ETBy:
Stephen Schork, Editor, The Schork Report, CEI, LEI, NASDAQ, 
Yesterday the Conference Board reported that its Leading Economic Index (LEI) increased for a third straight month in June. In the report’s wake you could hear the clarion call… the recession has ended, the recession has ended… increase by a few decibels writes Stephen Schork. » Read more - Monday, 20 Jul 2009 10:16 AM ETBy: Erik Sorenson
For the past week, rumors have swirled about the future of CIT. Would the government rescue the bank from insolvency? (Apparently, not.) Would the bank be forced to file for bankruptcy? Or, would bond holders provide capital to keep CIT afloat? Why – you might ask – does any of this matter to a career executive? How does it affect your managerial future? » Read more - Monday, 20 Jul 2009 9:57 AM ETBy: Vince Farrell
There's not much economic news this week. Leading Economic Indicators will be reported Monday and if it's a gain (which it should be) it will be the third gain in a row. That would be good. Thursday will see existing home sales reported and they should come in at an annual rate of about 5 million. Thursday the Treasury will announce next week's bond auctions and you can expect 2 year notes and 5 and 7 year bonds totaling over $100 billion dollars. » Read more - Thursday, 26 Feb 2009 10:58 AM ETThe President has a plan to dissolve the federal deficit within four years. Now it's up to us to plug our own personal deficits. » Read more
- Friday, 20 Feb 2009 9:55 AM ETBy: Jackie DeAngelisThe Labor Department reported that the Consumer Price Index, a key measure of retail prices, was up 0.3% in January after declining 0.8% in December. » Read more
- Thursday, 12 Feb 2009 12:17 PM ETBy: Jackie DeAngelisU.S. retail sales edged up in January for the first time in seven months. Are we finally seeing a light at the end of the tunnel? » Read more
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