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.

Monthly Economic Update for March 2010 by Pete Mitchell

Quote of the month. “I always have to dream up there against the stars. If I don’t dream I will make it, I won’t even get close.” – Henry J. Kaiser
The month in brief. We saw a very pleasant 180º from January. New M&A action, nice corporate profits and the possibility of a rescue for [...]

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

BRIC Nations by Pete Mitchell

Brazil. Russia. India. China. These four nations have some of the fastest-growing economies on earth and are becoming drivers in the world economy. In the coming decades, they may command as much attention as the U.S., Japan and other “heavy hitters” … or more.

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