In the News:
The 6 Unknowns that Are Roiling the Market Today
How bad will layoffs be? How happy with the holidays be? How low will the stock market go? After weeks of mad volatility, even long-time market observers are baffled by what's ahead for stocks. The general future is too uncertain.
http://www.businessweek.com//investor/content/nov2008/pi20081114_324602.htm?campaign_id=twxa
Americans Go From Spendthrifts to Frugal in Record Time
As economic news has worsened and recession appears inevitable, Americans' spending habits have swung from one extreme to the other. After years of free-spending and saying "charge it" at every turn, Americans are using words such as "scrimp and save" and "scrape up some cash." Here's what some people are doing to cut back today.
http://www.usatoday.com/money/perfi/basics/2008-11-16-thrift-saving-frugal_N.htm
Consumer Cutbacks: Look Who's Benefiting
As Americans trade down on brands, switch to discount stores, and buy on layaway, it's not just Wal-Mart that's winning business. From dollar stores to value-oriented restaurants these types of businesses are benefiting from the recession.
http://www.businessweek.com/bwdaily/dnflash/content/nov2008/db20081114_387716_page_2.htm
Gift Cards in 2008
Americans will spend $25 billion on gift cards this holiday season. And where will they be buying these cards? At discount stores like Costco and Wal-Mart, and in restaurants, reflecting the country's cautious attitude toward discretionary spending. Bankrate's annual study finds gift cards that act like credit cards cost more. Are there expiration dates on gift cards? Do fees apply? Plus: Buying cards from the soon-to-be-bankrupt is risky.
http://www.bankrate.com/brm/news/cc/20081117-gift-card-study-a1.asp
Big Budget Busters
If you are dumbfounded by the amount of money the federal government is pouring into the private sector to ease the nation's financial crisis, it's worth a look at how much Uncle Sam has spent on other major projects and historic events in the past, such as wars, bailouts and engineering marvels. From the Panama Canal and Hoover Dam to the Gulf War and the Race to the moon check out what the original planned cost was and what the inflation adjusted cost actually ended up at.
http://www.cnbc.com/id/27717424?slide=1
J. Crew earnings preview: A strong Q3 all buttoned up?
Twitter to make acquisitions, generate revenue in 2010
Cramer on BloggingStocks: The Fed's push for TARP payback 
Reader Comments (Page 1 of 1)
11-17-2008 @ 10:50AM
BHarrison said...
The difference between now and 1929 is that the world, and all of the factors are vastly different from 79 years ago. Plus the USA has been economically drained by the TRILLION dollar war that is perpetually costing $10 - $12 BILLION per month. This is a totally unprecedented situation. The complexity of our computer based society merely complicates the overall situations.