The week started off with week earnings from Nordstrom, reporting that they are in for a tough 2008, followed by a report by the National Association of Realtors that existing home sales slipped in January 2008. Sales fell .4 percent to 4.89 million units in January 2008, 23.4 percent below January 2007 6.44 million-units. […]
So when are you getting your rebate?
This is the big question of the year. Many people are asking this question and wondering if the money they are due is an upfront payment for what they are due in 2009 or if they have to pay back the IRS with interest. There are still […]
We are now in a globally connected world. If people link that an isolationist business environment is the true path to strengthening the United States, they are mistaken. Last Friday, the country of Pakistan closed off internet access to YouTube, but ended up shutting the site down to Two-Thirds of the world.
Given […]
Last week FreedomWorks released a Wharton study titled “The Inequity of Subprime Mortgage Relief Programs“. This study has extensive research including the distribution of subprime mortgage debt outstanding. Interestingly enough you may be surprised at the distribution. Below is an excerpt of the analysis showing California, Florida, New York and Texas with the greatest Subprime […]
Another shock to the system this week with Oil hitting $100 per barrel on Wednesday February 20th. Although the market shrugged it off on Wednesday, Thursday the Dow was down significantly. Many commentaries and news stories are focusing on the possibilities of Stagflation. Stagflation is defined as a negative economic climate where […]
