The Year That Was 2008: A Rundown of the Major Financial Events That Rocked the Nation

January 8th, 2009 [ Comments ]

Even with the New Year revelry still ringing in our ears, one can never fully take on the challenges that lie ahead in 2009 without reflecting on the year just gone. Certainly, the year 2008 will go down in history as the start of one of the country’s worst recessions since the Great Depression in the 1940’s. Bankruptcies plagued banks and investment houses, and many industries, most notable of which are the finance and auto industries, were now pinning their hopes of surviving more on the bailouts that the government was handing out like candy, than on the likelihood that the economy would put itself right in the near future.

Read more

Countdown to Inauguration: Updates on the US Economy

December 19th, 2008 [ Comments ]

More than a month before he officially takes his seat in the Oval Office, President-Elect Barack Obama's already towering economic to-do list is still growing by the minute.  

As anticipated, people are looking to him as the go-to guy now more than anybody else. Even the upward and downward swings of the financial markets are largely dependent on Obama’s moves, rather than on what the current president has to say in his final days in office.  

Read more