RichC | January 10, 2012
A WSJ article illustrated what economists monitoring the U.S. employment market have known, but have failed to communicate successfully; we as a nation are on a long-term trend of fewer decent paying middle class career jobs with dim prospects unless things change. (we deny it, make excuses and kick the can down the road just [...]
RichC | December 3, 2011
China can’t sit back comfortably while watching the U.S. and Europe struggle to regain footing, as their economic struggle is showing vacant streets and stopped housing projects (click photo above for Reuters slideshow). China could be the third economic domino as the slowdown rolls west to east around the globe. Here in the U.S. we [...]
RichC | November 21, 2011
The financial markets responded negatively Monday morning to the general conclusion that neither Europe or the U.S. can come to agreements over out of control spending. The congressional super committee charged with coming up with a solution telegraphed failure this weekend as neither Democrats or Republicans seem interested in compromising their positions. I ask you, [...]
RichC | October 27, 2011
Earlier this year as 2010 rolled into 2011 many American though it might be safe to look at their IRA and 401K statements after the long recession … but as deficit and debt talks heated up and U.S. debt was downgraded due to continued Washington DC borrowing and spending this past summer … most of [...]
RichC | October 4, 2011
Wipeout Beach Boys The government grows, the private sector slows. As I listen to Fed Chairman Bernanke answer questions from our elected representatives this morning, the bulk of question seems to focus on the politics of class warfare. Once again the economies of the world sputter while bureaucrats argue over ways to manage our economy. [...]
RichC | August 16, 2011
While listening for updates from the German Chancellor Angela Merkel and French President Nicolas Sarkozy in Paris today, a CNBC guest analyst made the observation that “If all countries were like Germany, Germany would not survive. Germany needs the weaker European countries to export to in order to prosper.” (paraphrased)
RichC | August 5, 2011
While checking the stock market over lunch, it was again another depressing day. The Dow continues to march down as does the Nasdaq even on relatively positive news that we did have some private sector job grow and a slightly backed off unemployment claims rate of one tenth. It now stands at a high national [...]
RichC | July 12, 2011
A recent article in Tuesday’s Wall Street Journal highlighted what I already know about my line of work – the printing industry is losing jobs. Most of us working in printing and publishing business continue to struggle to stay a float and are wondering if business will ever come back. Thankfully I’m no longer a [...]
RichC | June 22, 2011
It should come as no surprise, but after Federal Reserve Chairman Ben Bernanke delivered his remarks on Wednesday saying the U.S. economy was recovering more slowly than expected, Wall Street had little interest in continuing to move indices positive. More than likely the fact that the Fed saw no reason to tighten money supply in [...]
RichC | June 10, 2011
I wish I would have been a better listener to the old adage: “Sell in May and go away and play.” (INDU heads below 12000 Friday morning) It looks as if we’re in for a 6th week of down markets; a tough summer for those Americans hoping President Obama’s “bump in the road” comment was [...]
RichC | June 3, 2011
The Dow Jones Industrial average continued its slide back towards 12,000 and most other indices followed suit. Unfortunately the stream of negative news relating to the economy has been pressuring buyers to either remain on the sidelines or sell shares in all but a few hot IPO offerings. From companies slow to hire new workers, [...]
RichC | June 2, 2011
The Republican heavyweight contender (at least in raising campaign funds) has announced his candidacy for presidency today at an event in New Hampshire. It was an expected move from a somewhat calculating and predictable politician/businessman – perhaps something the country needs? Former Governor Mitt Romney, a hardened campaigner, made the announcement at the Bittersweet Farm [...]
RichC | May 23, 2011
European financial markets were down and Wall Street is sliding as well (11AM). The talk around the water cooler regarding the false prediction of May 21st being the beginning of the “end times” may be good for a smile, but one look at the S&P 500 Heat Map quickly removes the smile (at least for [...]
RichC | April 28, 2011
I heard something similar to my posted title the other day on CNBC, and after hearing that the Federal Reserve will continue to keep interest rates low a bit longer, I’m seeing those concerned about inflation moving even further toward taking off-the-grid survivalist measures. Gold “up” – Silver “up” – Food Commodities “up” – Gun [...]
RichC | April 3, 2011
My son borrowed my Honda Pilot this weekend (just after I filled up – but I received a “Thanks Dad” text message from him), so I’ve been driving his Volkswagen GTI … fun. Of course the fuel tank is exactly where most college students keep their cars – empty – so I ended up filling [...]
RichC | March 1, 2011
The pain at the pump over high fuel prices will most likely slow the pace of our tepid economic recovery. For Americans fortunate enough to be fully employed, that means spending more dollars on fuel and less in other areas that might have hired a new workers. For businesses that mean a higher cost of [...]
RichC | February 23, 2011
The stock market was down on Tuesday in its biggest drop in 2011. The unrest in the Middle East and North Africa sent oil prices soaring while those buying considered gold or precious metals with the recent news from Libya. The Dow Jones Industrial Average tumbled 178.46 points, or 1.4%, to 12212.79, the Standard & [...]
RichC | November 23, 2010
The financial markets are on edge and trading lower today after a skirmish between North Korea and South Korea saw missiles being exchanged. The previous negative news over euro-zone debt is being overshadowed by this latest tension, but some economist point to a glimmer for a rebound in the U.S. economy do to economic growth [...]
RichC | September 29, 2010
There are two opposing mindsets when dealing America’s deficit and correcting America’s struggling economy; it is pretty black and white when it comes to opinions. There’s the liberal Democrats position, expressed by the Nobel Prize winning New York Times columnist Paul Krugman, who recommends dealing with our deficit by raising taxes and continuing to increase [...]
RichC | June 10, 2010
After forwarding an “opinion article” (PDF) by supply-side economist Arthur Laffer from the WSJ to friends yesterday, I snipped some audio (mp3) from him in an interview today with Neil Cavuto after Fed chief Ben Bernanke offered his thoughts on the U.S. economy. [audio src=http://myarchive.us/mp3/FN_CavutowithArtLaffer.mp3]
RichC | May 4, 2010
According to an Associated Press report, the casualties are starting to show up on the Gulf of Mexico. Experts are hesitate to point to the oil spill as the cause of death for every specie, but it is easy to speculate that oil is a contributing factor for many of the fish and birds. Sea [...]
RichC | March 11, 2010
One of the noticeable economic signs for average Americans that our economy might be in recovery is the rise of fuel prices. An article in this mornings Wall Street Journal stated that “Gasoline prices are throttling toward $3 a gallon” and that “gasoline futures have rallied 21% since hitting a low in February to close [...]
RichC | February 4, 2010
The Dow Jones Industrials moved down over 270 points on Thursday as the economy stumbles yet again despite the promises of recovery from those spending taxpayer dollars in Washington. The move from equities by investors and traders is likely due to a rise in U.S. unemployment claims (up 8000 last week or 480,000 new claims) [...]
RichC | January 22, 2010
Get the latest Flash Player to see this player. [Javascript required to view Flash movie, please turn it on and refresh this page] document.getElementById(“player1″).style.display = “”; var s1 = new SWFObject(“http://mydesultoryblog.com/wp-content/plugins/flv-embed/flvplayer.swf”,”player1″,”480″,”275″,”7″); s1.addParam(“wmode”,”transparent”); s1.addParam(“allowscriptaccess”,”always”); s1.addParam(“allowfullscreen”,”true”); s1.addVariable(“height”,”275″); s1.addVariable(“width”,”480″); s1.addVariable(“file”,”http://www.myarchive.us/av/FN_Healthcare1001221.flv”); s1.addVariable(“image”,”http://www.myarchive.us/av/FN_Healthcare1001221.jpg”); s1.addVariable(“link”,”http://www.myarchive.us/av/FN_Healthcare1001221.flv”); s1.write(“player1″); After President Obama, and most of the U.S. Congress (the Democrats), wasted a year on [...]
RichC | November 24, 2009
Although I’m not complaining about fuel prices considering our weak dollar – especially as we roll into a week of heavy travel – I did find it shocking that regular unleaded gasoline prices are nearly 40% higher today than they were last year at this time. (photo left taken 11/23/2008 in Monroe, OH) Of big [...]
RichC | October 25, 2009
I’ve been happy with the overall cost of ownership of my 2006 Honda Pilot SUV … including the fuel efficiency. Besides oil and fluid changes, the only other expense of ownership over the past 87,000 miles to date has been a battery and of course gasoline. Click for larger image After posting my latest fill-up [...]
RichC | March 3, 2009
I’ll keep this post short since my mood is the same; the markets tried to find a reason to bounce after loosing 299 point on the DJIA yesterday, but traders and investors would have none of it. The averages did cross yesterday’s ‘ugly’ close a couple time throughout trading on Tuesday, but in the end [...]
RichC | October 8, 2008
In an attempt to get money/credit flowing around the world, six central banks in coordination moved to cut interest rates on Wednesday. The goal is to offset a global economic slowdown that has been rippling through the financial and business world. This half-point rate cut included the central banks in the U.K., Canada, Sweden, Switzerland, [...]