News comes today from the National Bureau of Economic Research, that the recession that "officially" began in December 2007 "officially" ended over a year ago, in June 2009, “In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. … [Read more...]
Gold Vs. Google: 9 Month Update: Gold Up 20%, Google Down 6%
Back in late September 2009 Google hit $500 a share and gold hit $1,000 on the same day prompting us to post whether Gold or Google was a better investment. We told you at the time we would keep you updated and its time for the 9 month update. Since our orginal post, Gold has continued its climb and currently sits at just about $1,200 a ounce, or 20% higher Google on the other hand as we … [Read more...]
comScore: Online Christmas Season Sales Hit $27 Billion
According to a report released by comScore today, people spent $27 billion online from November 1 through December 24, a 5% increase over last year. Here is a the detailed chart from comScore: … [Read more...]
Gold Vs. Google; 3 Months Later
It was just about three months ago today that gold first hit $1,000 a ounce and Google hit $500 a share on the same day, prompting us to write a post and asked you, which was a better buy. We picked Google. Today Google hit $600 a share. Gold is trading at $1,137.50 So Google is up 20%, in the 3 months Gold is up 11%. The poll results were split equally. We will continue to … [Read more...]
Finally Some Good News: The Unemployment Rate Unexpectedly Falls To 10% In US & 8.5% In Canada
Finally some good news coming out of the monthly jobless rate that was just released for November. The unemployment rate unexpectedly declined, a sign the job market is finally starting to recover. Nonfarm payrolls fell by just 11,000 last month, slowing down from a downwardly revised 111,000 drop seen in October. It was the best showing since December 2007, when payrolls rose by … [Read more...]
Cyber Monday Kicks Black Friday’s Ass
Marketing-optimization firm Coremetrics said today sales from Cyber Monday were up, almost 14% from last year. Other findings for Cyber Monday Coremetrics included: Consumers spend an average of $180.03 per order this year, compared to $130.24 in 2008, an increase of over 38%. Consumers bought almost 30% more items per order this year. Coremetrics said apparel and jewelry retailers … [Read more...]
Unemployment Tops 10%; Highest Rate Since April 1983
Outside of the world of domaining, but extremely important for the overall economy, the The U.S. unemployment rate rose more than expected in October to 10.2%, its highest level in more than 26 years. Nonfarm payrolls fell by 190,000 last month, with the largest job losses in construction, manufacturing, and retail trade. Economists had expected a 175,000 loss. The unemployment rate is … [Read more...]