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Circuit City Blows A Fuse: But Here’s Why Its Bankruptcy Doesn’t Spell Holiday Doom For Retailers
by Paul Moore, Contributing Editor & Technology Specialist, Smart Profits Report
So China has become the latest country to pump up its laboring economy, with a whopping $585 billion stimulus package.
Whether it works or not… time will tell. But Asian and European stocks picked up on the move on Monday, grasping onto whatever seemingly positive moves they can.
Here in the U.S., the mess continues unabated. The government had to reshape its bailout for AIG, including forking over an extra $40 billion. But despite the floundering company’s fourth consecutive negative quarterly report, the markets reacted positively to the story.
That didn’t help avert…
19Nov2008 | Smart Profits Report | Comments Off | Continued
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