Gas prices do not deter holiday travel

August 31, 2012 By Leave a Comment
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                            .                               Quick Update: Raleigh, NC is the 50th largest city in the United States, but the rush hour traffic was more like a rush hour in Washington,DC. The rush to the NC beaches was in full gear even with gas prices near $3.89 a gallon..... Related articles Bank profits, gas prices, and gold prices pose bad news for the American economy (thewiseme.com) Gas prices won't deter Labor Day travelers (timesfreepress.com) Rising Valley gas prices won't deter travel (fresnobee.com) Gas prices won't deter Labor Day travel (oregonlive.com) Study: Oregon, Washington drivers' gas consumption at lowest level in nearly 50 years (oregonlive.com) … [Read more...]

Filed Under: PERSONAL FINANCE NEWS Tagged With: , , , , , , ,

Bank profits, gas prices, and gold prices pose bad news for the American economy

August 31, 2012 By 1 Comment
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  MarketWatch  is reporting bank profits are recovering since the depths of the economic crisis in 2008, but loans are not showing signs of recovering in coordination with profitability. MarketWatch does give an example of graphs in relation to bank profitability and loan growth. The banks are not focusing in providing financing in the communities as day trading and buying government debt is more lucrative and profitable in relation to personal consumer loans. The return of investment is much greater for the better even though the risk factor is a systemic danger to the larger banks who are participating in this practice. In other economic news, gas prices are skyrocketing through the roof in lieu of Hurricane Issac forcing refinery capabilities to be shut down putting  more pressure on the price at the pump. MarketWatch states that gas prices are the highest this Labor Day in recorded history. That shows the state of the price situation at the gas tank. How can any … [Read more...]

Filed Under: PERSONAL FINANCE NEWS Tagged With: , , , , , , ,

Employment, Economic Recovery, and $5 Gas

March 13, 2012 By Leave a Comment

Employment, Economic Recovery, and $5 Gas- Article one of three                                   The feeling of recovery is beginning to trickle down throughout the American economy.  Trickle is the operative word, but economic recovery is beginning to gain traction. Highway travel, railroad traffic, automotive sales, housing construction, and manufacturing are on the increase, and these signs are a true precedent to an economic recovery. These signs are showing in the creation of jobs in the private sector with strong employment growth for the months of November, December, January, and February. The fly in the economic recovery in America is energy security, and the impact of gas prices will cause to the fragile economic recovery.  $5 gas is not out of the realm of possibility as the February 2012 prices are the highest ever on record for … [Read more...]

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Employment gains washing in gas prices

February 23, 2012 By 1 Comment
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The good news is the January jobs report came in much stronger than the forecast of 150k jobs predicted by most analysts. The US Economy added 240k jobs for the month of January, and this jobs report does follow the 200k jobs added in December. The unemployment rate stood at 8.8% before two consecutive months of job growth brought down the unemployment rate to 8.5% in December and 8.3% in January. The fifth straight monthly decline and the second straight month of job gains over 200k. The good news is a sign the unemployment juggernaut beginning to feel the impacts of the recovery. The juggernaut turnaround may be short lived after a 15% increase in gas prices have made $5 gas a possibility, and Gallup has reported a mid-month increase in the unemployment rate for the month of February. The gains in employment may become a wash in the recent increase in gas prices. The wash in gas prices is making February 2012 the highest gas price level for the month of February. … [Read more...]

Filed Under: Examiner.com-National- Unemployment, Uncategorized Tagged With: , , , , , , , , , , , ,
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