Weekly Economic Update For March 29, 2010

Quote of the week. “Nothing in life is to be feared. It is only to be understood.”– Marie Curie

Weekly Economic Update for March 15, 2010 by Pete Mitchell

Pete Mitchell here. I’ve got your weekly economic update for march 15th, but before I get to that, let me just share with you how disgusted I am with our state and federal government. As you may or may not know, tax returns for corporations are due today. As I was doing these for my companies, I always like to through the numbers into my personal return to see what the damage is.

March 8, 2010 Weekly Economic Update by Pete Mitchell

The Labor Department reported only 36,000 net job losses last month, so the jobless rate was flat for February, unless you were one of the 36,000 that lost their job, then it was pretty close to 100%. Economists had widely assumed the unemployment rate would inch upward due to winter weather affecting construction and retail industries.1 As I’ve been saying for a while, we are not out of this, not even close.

Weekly Economic Update for March 1, 2010 by Pete Mitchell

Stocks log best month since November. The S&P 500 rose 2.85% last month even with worries over Greece, China and the U.S. housing and job markets. The S&P had its best February in 12 years.

Pete Mitchell’s Weekly Economic Update for February 22, 2010

Quote of the week. “Avoid having your ego so close to your position that when your position falls, your ego goes with it.”– Gen. Colin Powell

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