“Cride prices have fallen for a few reasons, but the biggest is Iran’s decision to negotiate over its nuclear program.”
CNN Money’s article on why gas prices may be starting a prolonged decline, which will help to “provide a tail wind for the economy.”
The Federal Jobs Report was just released for February. The economy added 227,000 jobs this month, which was slightly less than the 284,000 jobs created in the last. Unemployment, though, stayed at the expected 8.3 %.
This is an awesome site set up by CNN that shows a lot of information concerning the economies of the Eurozone in the current crisis. Simply select the data set you would like to see at the bottom of the map, and then move your cursor over a countries blue box to get its specific information.
According to the payroll processor ADP, the economy added 216,000 jobs in the private sector. ADP typically sets the tone for the government’s monthly jobs report. Although this hiring level is slightly slower than in January, when we picked up 234,000 jobs, it shows that the economy is really starting to pickup. The stocks are also in good comeback position, so we may be seeing the pickup that Obama has been promising for a while. Lets go, America!
Recently I read an extremely intelligent and thought provoking article in Money Magazine. The article was looking into why some poeple don’t believe that the so called “Buy and Hold” investment strategy is working anymore. Charles P. Wallace interviewed Andrew Lo for Money Magazine. Mr. Lo is an economics and finance professor at M.I.T.
He challenges the “Effecient Market” theorem held by economists for decades. He explains that while he doesnt entirely discredit the thinking behind buy and hold investing, he thinks it needs updating. This, he explains is simple because of new risks introduced by extremely complicated global markets. Here’s a link for the interview: