Share1. BACK TO WHERE IT WAS – The S&P 500 hit a 15 ½ month closing high on Tuesday 1/19/10. The stock index closed at 1150 on that day, the highest close for the S&P 500 since 10/01/08 when it closed at 1161. The S&P 500 is an unmanaged index of 500 widely held stocks [...]
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Category Archives: Economic Commentary
Don't Let the General Economy Dictate Your Economy
ShareThere is no question that we are “smack dab” in the middle of one of the worst job markets ever statistically.
Everyday, we’re deluged with information about the unemployment rate rising, corporations planning layoffs, how things used to be before 2007, etc. All the while, the stock market is going up and we’re technically out of [...]
Predictions for 2010
ShareThe following are my predictions for 2010. Of course these are just my predictions and by no means investment advice. For these predictions, I do not pretend to know the exact dates, I just believe they are coming. You should only use these as a means to do further research if you believe there is [...]
Trillions of Troubles Ahead
ShareQuite an interesting article on the debt problem in the U.S. As this article points out, when evaluating the debt burden, we have to consider the Federal, State and personal debt levels, not one or the other. Then we have the coming wave of entitlements that has to serve the baby boomers. The crash [...]
US needs plan to tame debt soon, experts say
ShareTo consider politicians are going to tame debt In an election year? Or at all for that matter?
No one can spin the numbers to say that the current track we are on is not going to have an impact on our future. At some point debt simply becomes unsustainable or and can’t be paid back. [...]
Robbing Peter to Pay Paul?
ShareWith real estate sales down, payroll taxes taking a hit from unemployment, the result is less money for government spending and promises. The following has serious implications on unemployment.
“The governor said the state is going to run out of money this month, even after it taps its rainy day fund and borrows money from other [...]
Foreclosures for 2010, A Leading Economic Indicator
ShareWith foreclosures expected to reach record levels this year, we can expect a drag and eventual lag on the economy for 2010. The government intervention is not going to slow this process from happening. This is a cleansing process and needs to take place.
U.S. Foreclosures to Reach Record 3.9 Million in 2009 (Update1)
By Dan Levy
Dec. [...]
Gold's Recent Correction In This Generational Bull Market in Gold
ShareOne of my other blogs is about gold and silver, The Gold and Silver Vault I had 2 requests to write about the gold market and the recent correction. So, while this is a little off topic for The Wise Buck, I want people to understand how important allocating a percentage of your investment portfolio [...]
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Current Unemployment Rate, Updated 2-5-2010
ShareAs you know this week, I’ve been writing about insurance! As important as insurance is to the most basic personal finance concepts, it can become a tab bit dry from time to time. So, I wanted to take a break today and show you the current rate of unemployment and how it’s progressed through [...]
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