From the monthly archives:

September 2009

Consumer credit falls dramatically

September 9, 2009

The Federal Reserve released their Consumer Credit Report for July 2009. According to the report,  consumer credit–the use of credit cards and other borrowing of money from financial institutions– dropped by $21.5 billion from June to July. That’s a record monthly decline. This drop in consumer debt was the largest monthly drop since the Federal [...]

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Obama repeats mistakes according to economists

September 8, 2009

The Institute of Economic Affairs (IEA) is the UK’s original free-market think tank founded in 1955. A new IEA publication titled “Economic Contractions in the United States: A Failure of Government” is written by economists Charles K. Rowley of George Mason University and Nathanael Smith of Locke Institute. They state, “Obama is repeating the mistakes [...]

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Stock market update and employment report

September 3, 2009

After four, consecutive down days for the Dow Jones, the market rallied late in the day Thursday in anticipation of the monthly release of the jobs report for August published by the U.S. Department of Labor, Bureau of Labor Statistics. According to a Forbes article: Analysts polled by Reuters are expecting the Labor Department’s monthly [...]

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Economic update from PIMCO Bond guru Bill Gross

September 2, 2009

In the September 2009 “Investment Outlook,” PIMCO Managing Director Bill Gross describes the new normal that no longer looks or feels like the bull markets we have experienced for many decades. He describes a change in growth patterns due to three key factors: delevering deglobalization reregulation Gross says that life will be different–not just for a [...]

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Major drop in Shanghai Stock Index

September 1, 2009

In October 2007, the Shanghai Stock Exchange Composite Index peaked around 6,000 and then fell to slightly under 1,800 by October 2008. In this 12-month period, the Index dropped over 4,000 points. The Shanghai Stock Exchange Composite Index has been leading the U.S. stock market. The Dow Jones Industrial Average hit its low in March 2009. [...]

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