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Aug 21, 2011

Are We Headed for Another Recession? by Jill Schlesinger

Jill Schlesinger gives us an excellent article, it is a must you cannot allow to miss its reading:

Are We Headed for Another Recession?

Is this the beginning of another recession? The truth is: It doesn’t matter. No matter what we call it, the economy stinks right now.
I know we haven’t qualified as being in a recession based on the two ways that it’s usually defined: (1) the rule of thumb method, which is two consecutive quarters of contraction in GDP or (2) the official way-the National Bureau of Economic Research (NBER) has not declared that the economy has experienced “a significant decline in activity.”

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WSJ Markets Closing Indexes.

4:11 PM EDT 5/18/22

Last	Change	%Chg
DJIA	31490.07	-1164.52	-3.57
Nasdaq Composite	11418.15	-566.37	-4.73
S&P 500	3923.68	-165.17	-4.04
DJ Total Stock Market	39432.06	-1645.87	-4.01
Russell 2000	1771.82	-68.48	-3.72
NYSE Composite	15029.41	-512.50	-3.30
Barron's 400	911.06	-43.42	-4.55
CBOE Volatility	31.19	5.09	19.50
DJIA

WSJ Major Currencies Exchange Rates

4:13 PM EDT 5/18/22

Last	Change	%Chg
Euro (EUR/USD)	1.0464	-0.0089	-0.84
Japanese Yen (USD/JPY)	128.18	-1.18	-0.91
U.K. Pound (GBP/USD)	1.2334	-0.0162	-1.30
Swiss Franc (USD/CHF)	0.9886	-0.0052	-0.52
Chinese Yuan (USD/CNY)	6.7545	0.0168	0.25
Canadian $ (USD/CAD)	1.2894	0.0084	0.66
Mexican Peso (USD/MXN)	20.0775	0.1365	0.68
Bitcoin (BTC/USD)	29082	-999	-3.32
WSJ Dollar Index	96.23	0.46	0.48
U.S. Dollar Index	103.90	0.54	0.52

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Aug 21, 2011

Are We Headed for Another Recession? by Jill Schlesinger

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