Count your blessing that the United States did not put deficit reduction over stimulating jobs as our solution to the Great Recession. Europe’s austerity approach has given them no blessings to count. “The euro zone’s…economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be …
Small businesses again led the way with 44.8% of the 163,000 new jobs creating in July according to the ADP National Employment Report. Compared to the sluggish new job growth of 75,000 average per month from April to June, the new data is a welcome sign of a still growing economy. The European “austerity” countries …
In the past 12 years we have witnessed two of the biggest failed experiments in how to improve the economy of countries. The first experiment was here in our country. In the 2000s we went on a tax-cutting spree for the wealthiest Americans, allowed multinational corporations to drastically cut their income taxes through offshore tax …
The Great Recession has apparently changed the way individual Americans view investing. Buying stocks is no longer seen as safe for long or short-term investment and trading is way down. Credit Suisse Trading Strategy reports that daily trading in American stocks continues to fall and is down almost 50% from the peak in 2008. The …
The economy is getting better. I don’t have to rely on the monthly jobs reports, the next being this Friday, to tell me that. I can just look at my fax machine. Prior to the Great Recession, I would receive probably 1 or 2 unsolicited faxes a day promoting vacations, loans, insurance, etc. When the …
The investment banking firms on Wall Street are predicted to cut up to 10,000 jobs in 2012 on top of the 1800 jobs eliminated since April of this year. The industry lost about $3 billion in the third quarter of 2011 and total forecasted profits will be lower than expected. While New York City will …
