Posted by Jeflin on February 8, 2009
The US government revealed on Friday that payrolls tumbled by 598,000 in January (the biggest one-month drop in 34 years) and the unemployment rate is now at a 16-year high of 7.6%. In a month of brutal layoffs, I guess the only bright spark was Obama’s inauguration but even that seems to have fizzled out.
One cannot fault the Obama’s administration for lacking enthusiasm; however, implementation of economic policies has been anything but smooth. Hurling accussations at China for manipulating its currrency disrupts the delicate balance between both countries.
Read the full article here.
Posted in Business, Economy, Stocks, deflation | Leave a Comment »
Posted by Jeflin on January 1, 2009
I wish all readers of Jeflin’s Investment Blog a Happy New Year in 2009.
The past year has been sobering for taxpayers, retail investors and fund managers, what with severe declines in housing, mortgages, banking, stock markets, commodities, retail, automotive, shipping industry, etc. The extreme volatility in 2008 may be over but more of the same challenges await us.
Personally, I have made a new year’s resolution to be a more careful reader of financial reports, and by that, I mean reading with an inquisitive mind. Of course, if a management wants to get creative with their financial statements and the auditors are in a collusive mood (remember, the person who pays the piper calls the tune), our money is fair game for the predators.
Read the full article here.
Posted in Banking, Business, Economy, Properties, Stocks, bonds, deflation | Tagged: banks, Business, deflation, Economy, gold, Oil, Stocks | Leave a Comment »
Posted by Jeflin on November 13, 2008
Recession, recession, everywhere we turn, we are reminded of this dreaded scenario. For those who are still shy to utter the word “recession,” let’s not kid ourselves anymore. The earlier we face up to the truth, the faster we are on the road to economic recovery.
The week actually didn’t start off with a pall. On Monday, the bulls came charging back in Asian and European stock markets. Read the full article here.
Posted in Alternative Energy, Business, Economy, Oil, Stocks, deflation | Tagged: alternative energies, bulls, Business, deflation, Economy, investors, Keynes, Oil, recession, stock market, Stocks | Leave a Comment »
