Thursday December 17, 2009 05:32
Posted by Alex as Recession
You have to appreciate the moves that the government is doing to get the economy back on track. If you think that the bailout is just it, the government announced that it will be moving on to phase 2 of the recovery. Done with the rescues (with several...
Thursday September 10, 2009 23:23
To those having doubts about the effectiveness of the government's stimulus plan, the government has released some numbers to help us understand some of the good that the $787 billion out of the people's coffers did. According to the president's...
Tuesday September 8, 2009 20:23
Posted by Alex as Consumer, Credit Cards, Featured, Recession
Seems like consumer spending alone will not be the answer to a quick economic recovery. The latest consumer credit report from the Fed revealed that credit outstanding figures dropped by $21.6 billion in July - a record six-month decline. This drop...
Wednesday August 12, 2009 21:50
In a statement, the Federal Reserve suggested that the recession might have . While "economic activity is likely to remain weak for a time", it has started to "level off". This statement was made in light of its decision to maintain US interest rates at...
President Obama warned that it will take "many more months" for recession to be really over. This statement was made after the GDP figures revealed that the dip was better than expected for the second quarter. Even with positive indicators such as...