A division of Mastercard, known as SpendingPulse calculates consumer spending on its cards and other methods to determine how much money was spent over the holiday season. Even though Amazon made it out with a great holiday season, offline retailers were destroyed with a drop anywhere from 2 to 4% and excluding car and [...]
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Read more »With a new year rolling around its a great time to start lining up positions. My consensus is that the automotive bailouts will continue, Obama’s stimulus will make it through Congress and into law and the effects of the stimulus will create a short term boom in the economy made available by inflated cash [...]
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Read more »Fixed rate interest investments are a staple of recessions as investors turn to conservative investing strategies to protect their capital. CDs, Treasuries and money markets have returned the most since the year began but as investors pour into fixed income and government backed investments, yields are dropping rapidly.
Courtesy of BankRate.com
In just one week [...]
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Read more »Amazon has already come out to ring in the new year with a solid statement showing its good luck in the 2008 holiday season. The company said that 2008 was actually its best holiday season to date with its busiest day seeing a 17% gain over the year before. Even with the economy [...]
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Read more »The latter part of the year developed quickly as the stock markets around the world fell from their highs to find new bottoms all in a matter of a few months. What began slowly as an energy crisis and next a mortgage crisis soon panned out to be the worst plunge the US markets [...]
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Read more »The GDP is often considered the most important economic indicator as it includes every facet of the economy and tracks how productive each economy is by a measure of the exchange of goods and services for cash. The GDP calculation is simple, yet huge, and includes everything. Here is the most simple explanation [...]
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Read more »When social networks meet data compiling its a win-win for investors. Currently Geezo.com uses the data it compiles from its members to categorize where the average member is shopping, how much they’re spending and how frequently they visit a shop, store or business. Their members turn over their precious spending data to be [...]
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Read more »The effects of the credit crunch and US recession has spread across the world to affect virtually every country and surely every stock market. But there is still some good news, foreign stocks are cheap and their P/Es all at multiyear lows with economies that are far stronger than in the United States. [...]
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Read more »Barack Obama has released numbers that appear to be near-official for the kick off of a 2009 economic stimulus package. Rumors suggested an aid package from $600 Billion to $1 Trillion and the new president appears to be willing to spend more than the $850 Billion figure if necessary. The new package offers [...]
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Read more »It seems to be a common theme in this fiscal year that the regulations set in place to stop fraud, bad lending practices and stomp out the fires below the cooked books have entirely failed. This past year has been one of excess for Wall Street, the Politicians and the CEOs and hierarchy of [...]
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