Entries tagged "signs of the apocalypse"
In what sounds like a 'Saturday Night Live' sketch, Citigroup Inc. (NYSE:C) issues a press release about its participation in a New York City program to teach children about fiscal responsibility.
The latest sign that the end is near? The New York Post's Page Six column reports the following sighting: "FORMER Lehman Bros. chairman Dick Fuld and his wife, Kathy, learning to fly commercial, being instructed by a man who appeared to be their driver on how to work the JetBlue self check-in kiosk at Palm Beach airport en route to La Guardia." - Matthew Wurtzel ...
Hopefully you had a relaxing holiday season where you were able to forget all the troubles in the world for a few days -- if you didn't notice, here at Dealscape we did. We also thought we'd ease back in to scaring you about the imminent end by not posting this Sign of the Apocalypse until Tuesday. In our latest sign the end is near, Nobel Prize winning economist Paul Krugman has started the new year on an unusually dour note in his first New York Times column of 2009 entitled "Fighting off Depression" where he outlines his nightmare: a...
The bad news is, the recession started last December, according to the National Bureau of Economic Research. The good news is, the recession started last December. Given that the NBER historically proclaims a recession toward the end of an economic downturn, there is a chance that things may in fact get better in 2009. After 12 months of contraction, it remains remarkable that unemployment is only at 6.5%, which is relatively low when compared to prior recessions. Sadly, the credit crisis may have exacerbated the recession -- or at least the perception about the recession. After all, with unemployment...
