savings

Weekly US Economic Calendar – Feb.2-6

By |2009-02-02T11:39:33-05:00February 2nd, 2009|Markets|

Weekly calendar of latest economic events and indicators, complete with full reports, charts, graphs, and in-depth analysis. Monday Personal Income and Outlays - Full Report, Charts/Analysis ISM Manufacturing Index - Full Report, Charts/Analysis, What the ISM Tells Us Tuesday Pending Home Sales - Full Report, Charts/Analysis Wednesday ADP Employment Report - Full Report ISM Non-Manufacturing Report - Full [...]

Fed Hurts Savers

By |2008-12-18T11:02:44-05:00December 18th, 2008|Economy|

Many have cheered the Fed’s interest rate cuts, but one group isn’t very happy. I saw this letter to the editor this morning in the Miami Herald: The Fed keeps lowering interest rates to bolster the economy. I am an 81-year-old retired World War II veteran. I worked hard and saved my money. With the [...]

Personal Income/Spending Report

By |2008-10-31T10:10:20-04:00October 31st, 2008|Markets|

According to the Bureau of Economic Analysis and its monthly report on Personal Income/Spending, in the past few months, US consumers have cut back on big-ticket purchases and expenses and started saving for a change. Nominal consumer spending decreased 0.3% for the month of September, after a flat August. This was inline with economists estimates, as a loss was [...]

I’m Mad as Hell & I’ll Have To Stay That Way

By |2008-08-01T21:18:48-04:00August 1st, 2008|Markets|

In 1976, Howard Beale, a character in the movie Network, urged Americans to get up, go to their windows, open them and yell out, “I’m mad as hell and I’m not going to take this anymore!” The preamble to Beale’s speech chronicles the problems of the 1970s: inflation, a falling dollar, unemployment, environmental degradation and [...]