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Retail Sales to Suffer in 2009 as U.S. Consumers Curtail Spending |
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By Jennifer Yousfi
Contributing Writer
Money Morning
Retail experts are predicting one of the most dismal holiday shoppingseasons in decades this year – a crucial stretch that will set the stage for poor retail sales throughout 2009.
As the American economy slows down, beaten by pushes of the international financial crisis, consumers have been amazed from each management: Unemployment has pierced, and will continue to raise, the economy is untwisted and continues to work through pushes of global crisis of the credit, consumers have surrounded on all parties. Unemployment, the house prices decrease, and the credit it is difficult to arrive. |
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The Treasury Department is Choking on Debt, But You Don’t Have To |
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By Martin Hutchinson
Contributing Editor
Money Morning/The Money Map Report
The U.S. Treasury Department announced Nov. 3 that it intended to borrow a record $550 billion in the fourth quarter. That represents a staggering $408 billion increase over Treasury’s borrowing estimate from early August and includes $260 billion for the recapitalization of U.S. banks.
Do not make an error about it: there will be many enough American Exchequer bonds to choke on as the government tries to finance this debt.
In the three months to Sept. 30, the Treasury Department borrowed $530 billion; in the first quarter of the New Year – which ends March 31 – it expects to borrow $368 billion. The March figure looks thoroughly optimistic; the monthly Treasury Statement of Receipts and Outlays shows that the first calendar quarter of the year is generally about $80 billion to $100 billion worse than the preceding fourth quarter. Thus the loan number is so low as 368 billion $, apparently, would not include expenses of ejection and any additional expenses specifying in recession from a current quarter.
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Four “Safe Haven” Markets For U.S. Investors |
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By Martin Hutchinson
Contributing Editor
Money Morning/The Money Map Report
It must now be horribly clear to everybody with an investment portfolio – indeed, to anyone who watches the financial markets – that no country or sector is safe from a bear market of the magnitude of the one we’re suffering through right now. When stocks get marked down
en masse, as they have, literally everything drops. What’s more, there may be very little rationale for which stocks drop — or how much they drop by: When the wave of selling meets very few buyers, good stocks can easily fall more than bad ones.
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