Posted on February 18, 2009 by MoneyBob
American’s standard of living is undergoing a “permanent change” – and not for the better There’s no question the American consumer is hurting in the face of a burst housing bubble, financial market meltdown and rising unemployment. But “the worst is yet to come,” according to Howard Davidowitz, chairman of Davidowitz & Associates, who believes [...]
Filed under: Aaron Task, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Life, Personal, Work, Yahoo Finance, economics | Tagged: Aaron Task, Deflation, Depression, Economy, Life, Personal, Personal Thoughts, Recession, Work | 1 Comment »
Posted on February 18, 2009 by MoneyBob
Treasuries and the U.S. dollar are not the only instruments benefiting from risk aversion. Gold could be considered an even safer ‘safe haven’ if it weren’t for its susceptibility to speculative excess. But that didn’t stop strong demand for a safe haven and a store of value from pushing gold up to the $967/oz level [...]
Filed under: Gold | Tagged: GLD, Gold | Leave a Comment »
Posted on February 13, 2009 by MoneyBob
On Nouriel Roubini’s Global EconoMonitor, Nouriel Roubini argues that it is time for ‘Plan N’, namely a nationalization of insolvent banking systems. The very cumbersome U.S. Treasury proposal to dispose of toxic assets – presented by Treasury Secretary Tim Geithner – can be best understood as a combination of removing toxic assets off the banks’ [...]
Filed under: Banking, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Nouriel Roubini, economics | Tagged: Deflation, Depression, economics, Economy, Nouriel Roubini, RGE Monitor | Leave a Comment »
Posted on February 9, 2009 by MoneyBob
Unemployment Rate Jumped to 7.6% Jan 2009: Payrolls fell 598,000 (biggest monthly decline since Dec 1974) after falling by 577,000 in Dec and 597,000 in Nov 2008, Unemployment rate rose from 7.2% in Dec 2008 to 7.6% in Jan (a 16-yr high) Payrolls have declined 3.57 mn since start of the recession in Dec 2007 [...]
Filed under: Credit Crunch, Economy, Nouriel Roubini, Thoughts, Unemployment Rate, Work, economics | Tagged: economics, Economy, Lost Jobs, Nouriel Roubini, Payrolls, RGE Monitor, Unemployment Rate | Leave a Comment »
