Luxury Slump
January 30, 2009 by Staff
This poor economy is taking its toll worldwide at alarming rate, not only the U.S needs a stimulus package plan, but it looks like U.K needs to start a package plan as well. Porsche is starting to announce their layoffs and starting to shut down production because of it sales loss in the last 6 months or so.
When is come to luxury, the car makers are pushed to cut production in response to a slump in sales? * Euro zone inflation plunges, while the jobless rate rises * Dexia announces job cuts and a record loss * British mortgage lending picks up from a record low * The UK’s credit card debt drops * The trouble’s decline is testing…
Struggling Economy
January 28, 2009 by Staff
As the U.S is having it’s up and downs with this struggling economy with people losing their jobs, President Barack Obama says businesses and workers are counting on Washington for ‘bold and swift’ action to steady the struggling economy.
Which bring us to this video story that will keep you up to date with the stimulus plan which most people are wondering when this plan is going to get into effect, or not.
New Year Prediction of 2009
January 5, 2009 by Staff
The last couple of weeks was surely nice for some, at the same time a few families were not so fortunate to have a nice holiday do to economy deprecation that world is going through.
However, as Obama about to take over the white house later this month of January. There just might be brighter light at the end of tunnel the expert says we can’t get any lower than we already are, and wall street is feeling the same. They both feel that the stock market & economy will be 10% better at the end of the year. Hu mm... 10% WOW is that all..