Tough economy trends spill the beans
Yes, we are up today on the Dow and the international exchanges but the recurrent trend is stagnant, or perhaps even down? Aviation is taking a serious beating even though you can almost fly for nothing these days. Another 1600 job were just cut within Boeing and AmAir. Might not sound like much but they are already threadbare.
In the UK, 280,000 people lost their jobs during the last quarter. Asia might be gaining a bit though. On the home market and Europe, if you think the banks are out of it, get ready for a troublesome ride.
There are upbeat stories with Intel pushing the Dow and other markets up on better profits than expected. Golman Sachs also bolstered the positive trend with “bigger-than-expected” quarterly profits.
So, what does it all mean? In a nutshell: same old, same old. The broad-spectrum feeling is of continued stagnation and in some corners contraction is empirically evident… on the high-ticket arena, a couple of movers are proudly hoisting shiny banners of success…
Bottom line: It is still much, much, too early to start waving the all-clear flags.
Related posts:
- Japan economy on comeback course
- Standard & Poor grades Greek economy as junk
- World Economy – Ready for the Big Bang?
- Live video market forecast trends
Seed Newsvine
