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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
The Maestro Called The Chairman Monthly
Posted on 04/03/2007 10:14 AM | Link | Post Comment
WERE YOU AWARE THAT DURING ALAN GREENSPAN'S LAST 6 YEARS AS HEAD OF THE FEDERAL RESERVE BANK OF THE U.S. HE CALLED THE FEDEX CHAIRMAN MONTHLY?
He wanted to know how shipments were going as a way to guage the health of the economy. As long as the consumer was spending the economy would hold up.
He wanted to know how shipments were going as a way to guage the health of the economy. As long as the consumer was spending the economy would hold up.
Well, if the FedEx chart is any indication of a slowing consumer, then we can clearly see the weakness in the chart above. It has broken all support and is now below the 200 DMA.
- From BusinessWeek: The Real Economic Threat: Weak Capital Spending
- And also from BusinessWeek is an article about consumers turning to credit card debt to partially offset less mortgage equity withdrawal: Borrowing Like There's No Tomorrow
- From the WSJ: Subprime Pullback May Crimp Consumer Spending
Will it ... get harder for these consumers to buy cars, shop at the mall and dine out?
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Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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