RSSCategory: Economic Updates

Nov

14

Weekly Economic Update for November 14, 2011

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “The trust of the innocent is the liar’s most useful tool.” – Stephen King ACTIONS in GREECE & ITALY CALM MARKETS Global investors seemed reassured at the end of last week by developments in the European Union. By Friday, Greek prime minister George Papandreou had stepped down; Italian […]

Continue Reading

Nov

11

Weekly Economic Update for November 11, 2011

WEEKLY QUOTE “Experience is a dear teacher, but fools will learn at no other.” – Ben Franklin JOBLESS RATE DECREASES TO 9.0% Economists surveyed by Bloomberg News had expected unemployment to stay at 9.1% in October, so this was a nice development. Still, this latest jobs report had something in common with its predecessors: underwhelming job […]

Continue Reading

Nov

2

Weekly Economic Update for November 1, 2011

Presented by Mark Lund, Investor Coach WEEKLY QUOTE “A happy marriage is the union of two good forgivers.” – Robert Quillen Households EARN & SAVE LESS, YET SPEND MORE On Friday, Commerce Department data showed that personal incomes have declined in each of the past three months when adjusted for inflation. However, personal spending has increased […]

Continue Reading

Oct

24

Weekly Economic Update for October 3, 2011

WEEKLY QUOTE “Jealousy is the tribute mediocrity pays to genius.” – Fulton J. Sheen ANNUALIZED INFLATION HITS 3.9% So noted the Bureau of Labor Statistics last week. The Consumer Price Index rose 0.3% during the month of September, with core CPI rising 0.1%, the smallest such increase in six months. (Annualized core consumer inflation was at […]

Continue Reading

Oct

17

Weekly Economic Update for October 3, 2011

WEEKLY QUOTE “There is nothing in a caterpillar that tells you it’s going to be a butterfly.” – Buckminster Fuller RETAIL SALES JUMP MOST IN 7 MONTHS On Friday, the Commerce Department said overall U.S. retail spending improved 1.1% in September, with auto sales rising 3.6% for the month and department store sales up 1.1%. August […]

Continue Reading

Oct

10

Weekly Economic Update for October 3, 2011

WEEKLY QUOTE “Innovation is saying ‘no’ to 1,000 things.” – Steve Jobs HIRING IMPROVES…WITH A FOOTNOTE Economists polled by MarketWatch had expected non-farm payrolls to increase by 59,000 for September. In a nice surprise, the economy added 103,000 jobs. However, 45,000 of those “hires” were actually striking Verizon employees returning to work. The unemployment rate remained […]

Continue Reading

Oct

3

Weekly Economic Update for October 3, 2011

WEEKLY QUOTE “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” – Oprah Winfrey  AMERICANS SPEND A BIT MORE, EARN A BIT LESS In August, personal spending improved by 0.2% while personal incomes retreated by 0.1%. […]

Continue Reading

Sep

12

Weekly Economic Update for September 12, 2011

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “Three o’clock is always too late or too early for anything you want to do.” – Jean-Paul Sartre WILL CONGRESS PASS THE $447 BILLION JOBS PLAN? Thursday, after a 3 week vacation President Obama challenged Congress to swiftly approve the American Jobs Act – a plan that would cut […]

Continue Reading

Sep

6

Monthly Economic Update for September 2011

Presented by Mark Lund, Investor Coach. MONTHLY QUOTE “If you want to go somewhere, it is best to find someone who has already been there.”  – Robert Kiyosaki THE MONTH IN BRIEF In August, Wall Street waited for a debt deal, reeled from Standard & Poor’s downgrade of the U.S. credit rating, contended with mounting anxieties […]

Continue Reading

Aug

29

Weekly Economic Update for August 29, 2011

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “The greatest discovery of my generation is that human beings can alter their lives by altering their attitudes.” – Lee Iacocca COULD SEPTEMBER BRING ANOTHER STIMULUS? Could we see a QE3? Maybe. While Federal Reserve Chairman Ben Bernanke made no mention of a plan to aid the economy […]

Continue Reading