IT’S OFFICIAL!!! The United States is in a Recession!!!

Ok, that was the headline that REUTERS used in explaining the US economic situation. So the dow falls over 500, and all news from the US end of things resulted in the toilet, such as the Manufacturing Prices and Purchasing Manager Indexes. The Trinity of Speeches today, being held by “Uncle” Ben Bernanke, Hank, “the [...]

Japan Enters Recession – Automaker Rescue Probable?

Today, is the day of reckoning for Japan’s economy. With the economy shrinking and companies shrinking budgets, profit outlook, and layoffs, Japan is now technically in a recession. Japan’s Quarterly GDP contracted at -.1%, a sure sign that the economy is going in the opposite direction. The annual GDP shorted 1.6% from last year, but [...]

Asian Markets – US GDP Declines, Oil Drops Like a Bad Habit!

The day after the discount interest rate drops in the US Federal Reserve, The asian markets are starting the day off in the wrong foot. As of time of writing, the Nikkei 225 is at -318 and the other two markets are not open yet. A possible tell tale sign of this huge downshot every [...]

Asian Markets – The US Markets follow the global upspike

Another high finisher for the Dow Jones, Nasdaq, and Standards and Poors 500. A 889 point (10.88%) spike in the Dow to send it over 9,000 points surely shows that the market still has the fight in this recession. The bullish activity on the markets was provoked by a previous european and asian session that [...]

Asian Markets October 28th 2008 Home Sales Up Crude Downward

Today was quite a topsy-turvy type of day in the US markets. The Dow jones was on a see saw of going down, then up 200 points, then finishing at 200 in the red, at 8,175. A day with lighter volume, marred by hardcore volatility, and selling off as fears of a global recession are [...]