Consumers Still Against An Economic Wall Current spending is lower than that of a year ago and far below spending in September 2008, at the start of the financial collapse. According to Gallup, the financial collapse has not bottomed out just yet. The average American consumer is desperately searching ways to cut back on everyday spending. [...]

• 0 Comments

Countries Compete Against Each Other Using Devaluation of Currency The Fed is intentionally weakening the dollar to bolster the economy and encourage exports, but economists warn that long-term this policy is not beneficial. Simply because this action is an invitation to other countries to spark currency wars. The weakening of currency does raise the price [...]

• 1 Comment

Gallup’s Underemployment Measure Continues To Rise Economists can call Ben Bernanke all they want and say that the recession is over. Americans that live on Main Street are not buying into this point of view at all. Matter of fact, employment optimism is just as bad if not worse, as when the so called recession [...]

• 0 Comments

The Customer Should Always Come First Whatever happened to (good old common sense) customer service in America? Seriously, why is it the same companies keep getting by with the same old nonsense over and over? It’s time Americans started speaking up in a big way. Answer in short: Don’t buy from that company until they understand who [...]

• 1 Comment

To Be Happy You Must Make More Than Your Friends It is referred to as conspicuous consumption. Basically what this means is the spending of goods to display wealth or social status. Which is more commonly called “keeping up with the Joneses.” Conspicuous consumption was introduced by economist Thorstein Veblen in 1899. The Theory of [...]

• 1 Comment

No Deal Over Retail Chain Acquisition Just Yet International Chief Doug McMillon said in an interview: “One of the things that has been a hindrance in Russia is just an agreement on price”. Retail giant Wal-Mart has made attempts to buy out retail chains instead of opening its own shops. “Buying a retail chain would give [...]

• 1 Comment

The Big Picture: Another Plant Closing In A City Near You The new job numbers are out. The employment situation seems to be improving in May of 2010. The unemployment rate edged down to 9.7 percent. Manufacturing employment increased by 29,000 over the month. Factory employment has risen by 126,000 over the past 5 months. [...]

• 0 Comments

Majority Of World Growth Will Come From Emerging Markets Is the economic situation in your country good or bad? Are you satisfied with the direction your country is taking? If you live in the United States, your answer may not be very favorable. A Gallup Poll survey in May of 2010 indicated that 46% said [...]

• 0 Comments

Cayman Islands Under Scrutiny Just south of Cuba lies three islands, named the Cayman Islands. This British territory consists of the three islands: Grand Cayman, Cayman Brac, and Little Cayman. Grand Cayman is the largest of the islands and the most populated. Grand Cayman also contains the capital, which is called George Town. Located at [...]

• 6 Comments

The Coupon Renaissance Continues Overall, 2010 really looks like more of the same that was experienced in 2009. Even though media moguls are visualizing an economic revival, American consumers are still going to be thrifty, going for better value, and generally being very cautious with their checkbooks. Unemployment is an ugly term that does not want to [...]

• 4 Comments