Bigger Expectations


All eyes are towards Wall Street, how it is going to trade tomorrow and coming days are crucial for these gloomy economic times. Today’s Fed Reserve chairman Ben Bernanke’s optimistic interview he was very positive than before, he reaffirmed the recession could end in 2009, which is good news and all investors are closely watching this development. Actually now part of new tactics from Obama administration is, top officials are coming out and spreading positive news around media, which is good and they have to do it.

One more good news is, from OPEC that they are going to keep the output. The stability of oil price is really important during the pre-recovery period. Everybody thought OPEC going to cut production, but they exercised common sense at these tough times.

There are two key events changes the fundamentals of recession, A) stability of retail sales B) blame game and pointing finger started. Why these are really important, retail sales is really important because people start spending means they are now came out of recession mood and more importantly Obama’s big stimulus package start doing it’s magic now. The blame game towards CNBC and Jim Cramer is really good sign also. During last stage of earlier 2001-2003 recession, final moments, there were huge blame games started swirled around and lot of lawsuit filed at end of it. Now we just started it and will go on until this fall with wave of lawsuits.

Ok…again it is wait and see.

Comments

sukumar said…
yeah. good move by OPEC. let us hope for the best.
12:43 AM
Post a Comment

Popular posts from this blog

Coupon Crazy

Coupon, Is it good remedy for current inflation fight? I think it is not and coupons are highly addictive. Yesterday when i was in train on the way back home, one lady sitting next to me, cut and cut coupons from newspaper. I was watching it all, to make things worse, she put all waste into me. She carried a separate bag for coupons, the bag was filled of coupons. Okay, that was fine, she is just trying to save some 1 or 2 dollars. After finishing all coupon cutting, she opened other bag and took 3-4 lottery, the one that we have to scratch.So now she started now scratching lotteries, again all wastes into me. I just realized that what ever she saved now from coupon were gone. One day I was standing in queue at Costco for checkout, a man who was standing in front of me had tons of ton items to checkout. I thought i might have to spent another hour or so to check out after him. He placed all items on checkout belt. As soon as, sales clerk started checking the items, he pulled a coupon
Read more

Google's Killer Application.

Already Microsoft getting heat from Google, that Google is capturing all critical functionalities from Microsoft office suite and developed online based Google Docs suite . From many of small business to individuals now using Google docs instead of expensive Microsoft office suite. Now Google released a "sharepoint killer application" named as Sites . It was just redesign of JotSpot wiki, which Google acquired some years back . I think that now Google can declare war against Microsoft office suite. Google has now all replacement products for Microsoft office. Actually now we are expecting a twist from Microsoft that they will release a online based mini office suite to fight against Google Apps.
Read more

Uncontrolled Musing

When I start thinking about future, my mind exploding without control, particularly current events and state of our economy. There is no definite answer to following questions. Are we at recession or depression or nothing? Occupywallstreet will become a revolutionary movement or just like tea party, it will also subside?   President Obama able to win job bill or it will go under water.   If we are not in recession, what is the status of this market? What will happen to 401k, IRA and other investments?   Are we bear market or bull market or pig? How many more days (months/years) we need to worry about our job?   When will my home value improves? The above all are somehow interrelated, a better economy spurs growth which will eliminate all uncertainty. But no one here able to pin point what went wrong and how to fix it. If we know the answer, we could have somehow fixed this mess already.The issues with unable to fix current state of economy are, Very complicated : This ec
Read more