Improvements in the housing sector, consumer confidence, consumer spending and auto purchases should cause the unemployment to decline to 8.0% and 180,000 jobs to be created.
Catherine Ross, Gazelle Index VP, said on CBS Morning Show, “To those who say ‘I’ve already paid for this,’ (i.e. the highway systems) my answer is, ‘Sometimes you have to pay to keep what you have,”
The Gazelle Index prediction of jobs created and the unemployment rate if more optimistic. We believe the report will show that 180,000 new jobs were created, and the unemployment rate will decline to 8.0%.
Minority businesses and small businesses can now use the JOBS Act to undertake IPOs. We investigate the lessors learned from the Penny stock IPO, since both are more likely to be issued by small firms.
Consumers’ faiths in the integrity and common sense of investors have taken another one-two punch with J.P Morgan’s Loss and now Facebook’s stock decline. Retail investors’ confidence may not recover for a very long time.
The Volker Rule is scheduled for consideration by the House or Senate in July 2012. The bill would prevent banks from engaging in proprietary trading or sponsoring hedge funds or private-equity funds.
Today’s G8 meeting of world leaders will be one of the biggest and most important to be hosted at Camp David. President Obama’s leadership skills will be tested in an attempt to maintain the integrity of the euro zone.
J.P Morgan’s loss matters to small businesses and consumers. The loss and the euro zone crisis will force the bank to increase its excess reserves. This means fewer loans will be available for customers.