Former US Comptroller David Walker says the cost of health care reform will increase the long-term deficit. Source: CNNMoney – video report  Date: 8/26/2009 Keys: Economy, taxes, business expenses, HR Link: http://money.cnn.com/video/news/2009/08/26/n_walker_deficit.cnnmoney/ Questions for discussion: Summarize the comments made about the state of the economy and taxation. How might a national health tax and… Read more »
Monthly Archives: August 2009
AIG stock up 264% in August
AIG’s stock closed at $47.84 on Thursday. At the start of the month, shares were trading at a mere $13.14. What’s going on here? Source: CNNMoney.com Date: 8/27/2009 Keys: Banking, economy, investing Link: http://money.cnn.com/2009/08/27/news/companies/aig_stock/index.htm?postversion=2009082716 Questions for discussion: Summarize the reasons given for the remarkable rise is AIG’s stock market value? What do you think of… Read more »
Applying Roubini Wisdom to Stocks Means Missing Out (Update3)
Making money on the thinking of Nouriel Roubini isn’t what it used to be. The New York University professor, who in 2006 foretold the worst financial unraveling since the Great Depression, has yet to say the economy is worth investing in again. “There is a big risk of a double-dip recession,†wrote Roubini, also known… Read more »
Consumer spending up, but morale at 4-month low
Worries over high unemployment pushed U.S. consumer confidence to a four-month low in August, while spending rose modestly in July, indicating the economy’s recovery from recession would be lethargic. Source: Bloomberg. com Date: 8/28/2009 Keys: Economy, inventory planning Link: http://www.reuters.com/article/ousiv/idUSN2835824120090828 Questions for discussion: As a corporate finance manager planning inventories and projected cash flows for… Read more »