Tag Archives: recession

Consumer Confidence Index Declines Again – Second Recession Probable

NEW YORK, June 28, 2011 — The Conference Board Consumer Confidence Index continued its multi-month decline in June. After having decreased to 61.7 in May the economic index hit 58.5 this month indicating that consumers are feeling the onset of a second, or double-dip, recession. Director of The Conference Board Consumer Research Center Lynn Franco said, “This month’s… Read More »

Not Devoted Enough Time to Africa?

Michelle Obama set out on a week-long trip to Africa to spread goodwill – on the U.S. Taxpayers dime. Of course there is criticism with “extra” trips that this administration’s family has taken. The trip is provoking disappointment from Africa advocates who argue that President Obama, whose father was Kenyan, hasn’t devoted enough time to… Read More »

Pack Your Bags, Obama Family!

Well, it seems as though the honeymoon may be over. In an interview with Ann Curry of NBC’s Today Show, Obama stated that the first family approves of a one-term presidency. HOLD ON! Don’t break out the champagne just yet. Obama has not given up entirely, but he very well might be facing the facts… Read More »

Years of Stimulus Fails to Create Jobs; 8 Weeks of Tax Cuts Gets it Done

Stimulus after stimulus program has been put in place by the Obama administration. Cash for clunkers, the GM/Chrysler/Union bail-outs, the actual 2009 economic stimulus bill, and on and on and on. As the  New American posted, it didn’t create much of anything in the private sector. Thomas Smith at Emory University, supported the stimulus package… Read More »

Conference Board Indicator Ticks Up Fourth Consecutive Month

NEW YORK, Feb. 7, 2011 /PRNewswire/ — The Conference Board Employment Trends Index™ (ETI) increased in January for the fourth consecutive month. The index now stands at 100.5, up from December’s revised figure of 100.3. The index is up 7 percent from a year ago. Says Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board: “Despite anemic job… Read More »

The Real Unemployment Report

The Mainstream, New York bred, big-business news media outlets were practically tripping over themselves to report that the unemployment rate had dropped “unexpectedly” to 9.0%. The fact that only 36,000 of an expected 140,000 jobs were added was glossed over. How could an economy that must “Generate 246,600 Jobs A Month To Get To Pre-Depression… Read More »

Deflation or Inflation? Yes

Since the beginning of the “Great Recession” that Americans still find themselves in, there have been prognostications of incredible inflation while other “experts” claim that crippling deflation would be the necessary outcome.  Could they both be right? Perhaps – there are two major forces at play in our economy right now: price inflation and income… Read More »