Tuesday, June 09, 2009

Obama's First Days

Don't get me wrong. I think President Obama and his team are doing a great job but the economy is still very much in decline. The stock market is starting to improve BUT the jobless rate is at 9%. The Consumer Confidence Index now stands at 54.9 (1985=100), up from 40.8 in April BUT American car manufactures are entering bankruptcy in order to be able to restructure. I don't blame Obama and honestly I didn't know what to expect. Any predictions/thoughts on what lies ahead? 3 months? 6 months?

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