Archive for December, 2008
Current Events are forming Future Trends
1. BOYCOTTS, REVOLTS, RIOTS: This year the State of Illinois boycotted Bank of America. BOA was bailed out and received billions of taxpayer dollars and then cut off credit lines many of their customers. Companies, such as AIG continue to provide their executives bonuses and lavish parties via taxpayer dollars. The general public will [...]
Posted: December 26th, 2008 under Stock Market / Economy.
Comments: none
Keep stabbing the Little man
The majority of States within the United States are facing huge budget deficits. California is no exception. California alone would be one of the top ten world economies by itself. So why are we facing a budget deficit? How about a 40% increase in spending within the last 5 years. Yes, they reaped [...]
Posted: December 18th, 2008 under Stock Market / Economy.
Comments: none
Bear Rally Update
Unemployment:
· Last week we saw November payroll decline 533,000, the biggest drop since 1974. Unemployment rose to a 15-year high to 6.7%.
· In 1982, unemployment peaked at 10.8%, and during the great depression 1 out of 4 people were out of work.
· The unemployment rate was at 4.7% just one [...]
Posted: December 8th, 2008 under Stock Market / Economy.
Comments: none