Posts Tagged ‘recession’
The Dow is stumbling again
The US Dollar is strong and the Dow slumps as the year comes to a close. Dow Jones is down almost 1 percent and the up and down is back again. Conflicting indicators are keeping the Dow on a sidetrack. Take the recent numbers on housing permits which rose some 6% while the Federal Open [...]
Paper dollar woes and good reading
Cheap money is bad money. The Dollar is cloning itself and the US dollar dilution, or perhaps delusion, should be a top priority concern. We are heading towards a rolercoaster first quarter 2010 and solid foundations need to be in place.. which they aren’t. Wall Street Journal has a memorable read in “Requiem for the [...]
Citi AIG tax and dwindling returns
The Dow showed promise but, perhaps as expected, slipped again towards the end of the week and Djia, as most markets, closed in the red. Citigroup financial services went from about 1 dollar to testing the 3 dollarmark. On the Citi reverse split it dropped som 13% but ended the week at 2,62. If you [...]
