The Democrats approved yesterday what could be called the last line of defense against a total crash. Of course, they still have to pass this through the Congress, where the Republicans are strongly opposing it. And the signature of Barack Obama seems a formality, so the biggest part of the battle has been done. After the disastruous news on the […]
Here we go further in the crisis. As mentioned a few months ago, this December was supposed to be a sad one for the retailers – and the poor figures confirm this. U.S. retailers’ sales declined last week the most in almost six years as steeper markdowns before and after Christmas failed to salvage what may be the worst holiday […]
Recently some worrying news came throgh the main media channels and I had to apply my economics knowledge again to the reality.
The U.S. trade deficit probably widened and the cost of imported goods jumped, underscoring how the surge in oil prices is hurting growth and igniting inflation, economists said before various reports are released this week.