QUICK ECONOMIC NEWS – February 2009
GOOD ECONOMIC SIGNS
(You have to look hard for the good news since it’s bury amid other negative news. But signs are signs.)
Sales Up, Jobless Down – Unexpectedly
Retail Sales Unexpectedly Climb 1%, First Increase in Seven Months…
New jobless claims drop slightly…
Pending home sales rise 6.3% in December – MarketWatch
Oil slides toward multiyear lows…
CONGRESSIONAL BUDGET OFFICE (CBO) ANALYSES
CBO is supposedly non-partisan.
Budget people at CBO Predict Recession Will End in 2009 Without Stimulus
CBO: Obama stimulus harmful over long haul
FINANCIALS NEWS
World stocks sag on concerns about Obama plans…
Wall Street falls on Geithner announcement…
Stocks plunge as Obama’s government unveils bailout plan
The dollar promptly fell and gold jumped $40 after Geithner said the Obama Administration “believes that China is manipulating its currency”
MAYOR: Obama should apologize for Vegas trip quip…
Obama: Caterpillar will re-hire people if stimulus passes; Caterpillar CEO: No, we won’t
CEOS DEFEND…
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