Archive for economy

GDP Shrinks, Confirms Recession is Coming

by: Jason Haber October 30, 2008

 
No surprise here…
The broadest barometer of the nation’s economic health, gross domestic product, shrank at a 0.3 percent annual rate in the July-September quarter, the Commerce Department reported Thursday. It marked the worst showing since the economy contracted at a 1.4 percent pace in the third quarter of 2001, when the nation was suffering through […]

Bloody Friday?

by: Jason Haber October 24, 2008

Is the US stock market in jeopardy of a major plummet today?  The futures index touched its maximum allowable low of 550 points this morning, meaning we are set for a major drop in stock prices at the opening bell.
Marketwatch.com is reporting, “Asian markets were mauled Friday, with Japanese, Indian and South Korean indexes slumping […]

World Stock Markets Tank, As Dow Poised for Massive Drop

by: Jason Haber January 21, 2008

 
Today was a good day for the NYSE to be closed.  It will be one of the few, if not the only exchange that didn’t lose value today. 
The Dow may open on Tuesday down over 500 points.
There is a sense in foreign markets that the plan as outlined by President Bush late last week to […]