Articles tagged with: Dow Jones Industrial Average
2012: A Look Into AskCherlock’s Crystal Ball
As the year of 2011 rapidly draws to a close, it is time once again to gaze into the Askcherlock “crystal ball” to see what the year 0f 2012 will bring.
The Political Scene: By the end of February, 2012 there will be three remaining Republican presidential contenders; those being, Gingrich, Romney and Paul. Although Gingrich will prevail in the early …
August 8, 2011 ; The Day America Lost Its Optimism
When the dust finally settles, few Americans will doubt that August 8, 2011 is one of the worst day’s in modern American history. From now on, or at least for the foreseeable future, we cannot pretend that “everything” is going okay with the economic recovery, and that things will slowly but surely improve. The Recession of 2008, which followed one …
The Little (Economic) Engine That Couldn’t
For most Americans paying any attention at all to what’s transpiring around the globe, and especially to what’s happening across the U.S., the news hasn’t been so great lately. After almost four years of deep recession followed by an anemic recovery, thing have not gotten a whole lot better. Unlike past recessions in America, where bad economic times were rapidly …
America’s Golden Age Is Behind Us
After weathering the enormous economic shocks of 2008 and 20o9, it seemed as if the U.S. economy was headed back to healthier growth levels in 2010 and 2011. Although the U.S. stock market had recovered nicely from the dark days of March 2008, when the Dow Jones Industrial Average was about 50% lower than the prior year, many investors were …
Tea Party Wages War Against the Middle Class
Last Monday, during his address to the American people, President Obama expressed his deep frustration that a small band of ultra-conservatives (i.e. the Tea Party) could prevent the passage of a bill to raise the U.S. debt limit ceiling. In spite of the dire economic consequences of failing to take action, the Republican Party is prepared to let the U.S. …
Bachmann Says “Let Them Eat Cake” as America Faces Debt Crisis
In a recent interview presidential hopeful, Michele Bachmann, was asked about the deadlocked discussions between the Republicans and the Democrats over raising the U.S. debt limit ceiling. Her response , which reflected the attitude of many Tea Party advocates, was that the debt ceiling should not be raised unless Democrats agree to $5 or $6 trillion in cuts to …
Year 2011 : A Look Into The Crystal Ball
Image via Wikipedia
As the year 2010 rapidly draws to a close, it’s time again for the AskCherlock 2011 prognostications. I will again look into my crystal ball and make some astounding, and not-so-astounding predictions for the coming year;
The U.S. economy will grow at a much higher rate than predicted by the leading economists. The growth rate will start at around …
The Obama Agenda: Good For America
For some reason, it feels like the the waning few months of the Bush Administration happened ages ago. I remember it well; those were the “not so good old days” when the financial services industry and the American auto industry were crashing and burning. Those were the days when the stock market, along with everyone’s 401-K plans, was losing over …
Beware of the Chinese Bear
Unfortunately, the new mantra of the American business community is now “what’s good for the Chinese economy is good for America”. To that extent, the decision by Chinese authorities to slow down growth and tighten controls on lending has gone over like a “lead balloon” in the U.S. equities market. To show their displeasure with the Chinese for raining on their recovery parade, investors in U.S. stocks drove down the Dow Jones Industrial Average by going on a very predictable, selling spree.
Financial System Reforms Needed Now
The continued high unemployment rate, the weakness in manufacturing, and the tightening-up of Chinese monetary policy have all contributed to a feeling among investors that stock values may be too high.
