August, 2008
LiveWire Economics Blog - August 8, 2008 9:22
retail sales and historic jobless claims dampen spirits
It seems like every time investor sentiment turns positive and consumers gain hope, something in the way of negative financial news gets in the way. Thursday (August 7), there were a few bits of important economic news that worked together to spoil the day. Retail sales, jobless claims, and disappointing financial sector news all contributed [...]
Safe-havens in Troubled Times?
Each day we hear another piece of bad news on the banking front. It was called the sub-prime crisis, then it was the credit crunch; what we have in reality is a full blown banking crisis.
Oil and Fed create perfect equities storm
Oil continued to drive downward Tuesday (August 5) as speculation brought light sweet crude futures to $118 per barrel during the day with a close at $119.17. This was a $2.24 drop in New York trade. Oil has now fallen $28 since its high on July 11, less than one month ago. The record high [...]
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