Most people think that the economy is heading down but consumers were actually buying more up till September's news media hype over the Stock Market drop. With interest rates low and incredible tax deduction for business to buy equipment (including vehicles) and to do leasehold improvements we should end the year with a bang. So why is unemployment going up and the market going down? [more]
Small business are responsible for 97% of all exports from the United States. The big guys build factories over seas the small guys build things here. It is Main Street that Exports and it is Main Street that Employees most of America.
It is Main Street that is paying for Wall Street's mistakes and it is Main Street that now has to pay the banks of Wall Street to stay in business.
Don't get sucked into the market on a 200 point rally this week, the market will still go down until Obama gets what he wants (from congress), It will rally at the end of month if he gets the votes and if the fed helps lower interest rates and helps more with SBA loans. [more]