a href="http://www.bloomberg.com/apps/news?pid=20601087amp;sid=aOhkusQ9LifQamp;refer=home"Interesting piece out on span class="blsp-spelling-error" id="SPELLING_ERROR_0"Bloomberg/span today/a on this topic. Basically even after we reach recovery, and have "full employment" again, the landscape will likely be much different. This recession has brought about a paradigm shift in the economy. Sectors like financial services will likely be redefined as new laws and regulations are passed and thus, the financial business model is likely to change. You also have industries like automakers and newspapers facing major changes, those of them that survive, that is.br /br /ulliHundreds of thousands of jobs have vanished forever in industries such as auto manufacturing and financial services. Millions of people who were fired or laid off will find it harder to get hired again and for years may have to accept lower earnings than they enjoyed before the slump./liliThis restructuring -- in what former Federal Reserve Chairman Paul Volcker calls “the ...

We should see Wall Street start off with a nice rally this morning, though I won't place a bet on where the day ends. Markets are terribly oversold and yesterday's action ended in a bullish reversal on high volume at support -- that's VERY bullish.And yet we seem to get more terrible news all the time ...BAD NEWS FOR THE CONSUMER ...

Auto sales plunge

June auto sales plunged, according to reports from the nation's major automakers, as Americans shunned pickups and SUVs in the face of record gas prices. General Motors reported that its U.S. sales fell 18% in June versus a year ago. Sales of GM's light trucks, which includes pickups, SUVs and so-called crossovers, tumbled 16%. GM's car sales dropped 21% in the month.

BAD NEWS ON INFLATION ...

Manufacturers struggle to overcome rising prices

NEW YORK - Each week, Ira Cooper opens

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