Word: businessese
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See which businesses are bucking the recession.
Investors who believe that Apple can still do well got a hand. Smart phone king Research In Motion (RIMM), maker of the Blackberry, posted strong earnings for the last quarter. The company did what Wall St. likes most of all. It did better than expected in the last reporting period...
The positive take, if you can call it that, is that we're in a "rolling recession," as Kurt Karl, chief U.S. economist at insurer Swiss Re, said in a note to clients. "First the housing market tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at...
The unemployment rate is still well below the 10.8% peak of late 1982, but this doesn't signify much. The rate is what economists call a "lagging indicator," and it will still be rising well after the economy has started growing again. It's also misleading, in that it excludes...
The payroll number is a "coincident indicator": it tells what's happening now, or at least what was happening in the very recent past. It sometimes misses incipient upturns, because new jobs are created by small businesses, which aren't counted in the payroll survey. But there are no signs...