"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •143 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 975.10 | +4.60 | +0.47% |
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WTI Crude •1 day | 71.24 | +1.14 | +1.63% |
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Gasoline •1 day | 2.061 | +0.002 | +0.10% |
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Ethanol •143 days | 2.161 | +0.000 | +0.00% |
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Silver •143 days | 30.82 | +1.16 | +3.92% |
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Silver • 143 days | 30.82 | +1.16 | +3.92% | |
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Copper • 143 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 75.17 | +0.94 | +1.27% | |
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Natural Gas • 1 day | 3.129 | -0.210 | -6.29% | |
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Heating Oil • 1 day | 2.275 | +0.001 | +0.02% |
Markets
Is Iraq Slowing Down the Economy?
Today, the Federal Reserve Board left interest rates unchanged at 1.25%, surprising only two out of the 88 economists surveyed by Bloomberg. The Fed again cited geopolitical risks as the…
Refi, Part 2
Last week's The Monthly Payment Economy garnered enough feedback to discuss some of the issues raised. First, I need to first point out that I inadvertently edited out an important…
The Monthly Payment Economy
The US economy is based on monthly payments. Today's consumers focus on what the monthly payment is and not the total price paid. While there is not any hard data…
Can Businesses Shoulder The Economy?
Wall Street strategists are systematically forecasting a strengthening economy for 2003. The party line calls for business spending to pick up while the consumer takes a back seat after propping…
Where is Santa Claus?
In what is turning into a weekly occurrence, Wal-Mart along with Federated announced that their sales were on the low end of plan. This week, Target joined the reindeer games.…
Optimistic Managers Still Not Hiring
Retailers reported weak results for the last week. The weekly Bank of Tokyo-Mitsubishi retail survey reported that sales fell 2.3% during the first week of December. Additionally, several retailers including…
Index Investing's Free Lunch
Recent economic data is showing that the consumer is showing signs of tiring, or just running out of stuff to buy. Auto sales fell 12.7% in November. GM and Ford…
The Turning Retail Tide
Most economists expect the refinance boom to stimulate consumer spending, especially during the critical holiday shopping season. Part of the theory includes the four to six-week lag time from when…
CEOs Get Gloomy
CEOs across the county have turned into a gloomy bunch. A survey conducted by The Business Roundtable "raises serious concerns for America's workers, companies and overall economy," according to John…
The Trifecta Bet
With the Republicans in control of all branches of the government, one concern popping up in conversations is who will get the blame if/when the recession really hits and severe…
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