American economy

American economy

This wikizine focuses on the U.S. economy, including the New York Stock Exchange and NASDAQ stock markets, industry sector trends, large capitalization U.S. companies, and the U.S. macroeconomic climate. Other topics include economic... [more]

This wikizine focuses on the U.S. economy, including the New York Stock Exchange and NASDAQ stock markets, industry sector trends, large capitalization U.S. companies, and the U.S. macroeconomic climate. Other topics include economic growth, employment, capital allocations, Federal Reserve monetary policy, tax policies, energy and environment, and other issues related to the overall U.S. economy.

This popular Zimbio wikizine is edited by Michael Johns, an industry executive, former White House Presidential aide, and conservative policy analyst, blog author and financial writer, along with other Zimbio contributors with credentials in various aspects of the American economy.

Topics not to be included in this page include references to small companies (less than $1 billion revenue) or thinly-traded stocks (including, for instance, all OTC stocks) since the goal is to provide an overview of the U.S. economy and its major components and not to impact market or trading trends in any significant way.

Articles

Christmas Upside Down

Dollar Collapse

Federal Reserve Commencing the Panic of 2008

With what looks like a coming collapse of the banking system and the Federal Reserve taking steps to make the situation much worse, the Panic of 2008 seems to be just beginning. The price of gold and oil keep increasing as inflation and interest rate manipulation are creating a flight of capital out of the US dollar. And with high foreclosure rates, a slowing economy, and rising prices, the American way of life for many is turning increasingly depressing and desperate. The run on Northern... Read Full Story

Sound Money

What now?

If observers take a "step back" from the US economy, what is goin on? In a word: correction. It was due to happen at some point. After 2001, a mini-recession was forestalled by the government begging people to spend, then automobile manufacturers offered $0 down for a car. The American government have been running deficits since 2000, eventually the bill will come back. Two conflicts in two different theaters and tax cuts instead of raising taxes. The handwriting was on the wall, but no one... Read Full Story

Citi's Profit Tumbles 57 Percent!!!!

Citigroup which is the largest Bank in the United States by market value reported its third quarter earnings, which shows profits declining as much as 57 percent. Of the more than a dozen Dow stocks which will report earnings this week, CITI was expected to have the lowest Dow earner. At the end of today's close the Dow Jones industrial average fell 108.28 to 13984.80. Citigroup's earnings Net income fell to $2.38 billion, or 47 cents per share, from $5.51 billion, or $1.10, a year earlier... Read Full Story

Wall Street to Shrink , Says Schiff

Gifts from the Fed -- Banks: Inflated Money and Houses, Homeowners: Nothing

For over half a year now, the Fed has been actively bailing out some of the largest corporations and especially the banks. Despite lowering interest rates, providing essentially free money to the banking system, and devaluing the dollar, little confidence has been restored to the markets. In fact, it seems that the more the Fed does to stimulate the economy, the more people wake up to the scam the banks and government have been pulling for decades. JPMorgan Chase taking over Bear Stearns... Read Full Story

Will the FED cut rates this week

It is widely speculated the Federal Reserve bank will cut rates this week after a half point reduction in September which swnd stocks soaring. A quarter point reduction is expected, but with inflation still a threat, and oil prices at record highs, and the dollar slipping to all the major currencies no one can say for sure what will happen. The Wall Street Journal reporter Greg Ip is not optimistic that the rates will be reduced. Ip said, said policymakers view this week's decision as a... Read Full Story

Marcial: Time’s Ripe to Bargain-Hunt (BusinessWeek Online)

From:  news.yahoo.com
BusinessWeek Online - The Oct. 19, 2007 sell-off should be seen, plainly, as an investor's bargain-basement oportunity. Panic, caused in part by the shadow of the 22% plunge by the the Dow Jones industrial average exactly 20 years earlier, drove the 30-component Dow down 366.94 points, or 2.64%, to 13,522.02. It also caused the Standard & Poor's 500-stock index to shed 39.45 points, or 2.56%, to 1,500.63, and pushed the Nasdaq index lower by 74.15 points, or 2.65%, to 2,725.16. Read Full Story
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