What’s Keeping Obama up at Night?
Investment U (January 8th, 2009) Writes:
by Don Miller Contributing Writer, Money Morning
Editors Note: Inevitably the fanfare and excitement about our new administration will die down, and they will have to get down to work. President-elect Obama may have a laundry list of urgent jobs, but fixing the economy is priority one. The market’s problems are about to become his problems. Money Morning gives us a taste of the economic data that’s been keeping the president-elect and Wall Street up at night – and what we should be paying attention to as well.
Stock Market Gyrates as Reports Show Economy Deep in Recession
The stock market struggled to recover from a tumultuous 2008 yesterday (Tuesday) while digesting a trio of downbeat economic reports from the manufacturing, housing and service sectors.
The reports included separate data on factory orders and pending home sales for November, as well as the Institute of
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