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Recession: Not Gonna Happen
I could not have said it better myself:
“I think this recession mumbo jumbo is way out of line. It is being pushed on the radio and TV, but out in the real world we are not seeing it.”
I heard that line as I was chatting with the owner of a tourism company. The president of a publicly traded company uttered it as he called the man I was speaking with to cancel his $60,000 employee-incentive vacation. He said he just got done laying off scores of workers and his shareholders would hang him if he took the trip.…
27Jan2008 | Guest Contributor | Comments Off | ContinuedThe Recession Answer: Trickle down or trickle up
After more than eighteen months of doomsday predictions, the nation is just now getting around to planning for a recession. Some say it is too late. Others believe there are still hopes of eliminating a debilitating downward spiral.
On Thursday, our nation’s elected officials conducted a conference call and gathered around a virtual table to discuss the options. When it comes to keeping a multi-trillion dollar economy out of the hopper, the choices are often painful and limited.
Fed Chief Bernanke wants immediate relief. He wants cash in the hands of American consumers fast. An economy filled with cash-heavy…
18Jan2008 | Anonymous | Comments Off | ContinuedInvesting advice: Do not forget about exporters
A lot of investors learned a very important lesson today. There is an old saying that goes something like, “a falling tide lowers all ships.” For many topics, the adage makes sense. But for investors, it is just plain old bad advice. IBM’s surprise earnings forecast today proves my point.
It is easy to see the nation is enduring an economic slowdown. As the shouts of an impending recession get louder and louder, the overall markets sink lower and lower. But not every company does poorly as the American economy lags.
IBM is soaring today because too few analysts realize…
14Jan2008 | Anonymous | Comments Off | Continued
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