Friday, April 24, 2009

More good news

Ford lost $1.4 billion in the first quarter and its stock has risen by about $.70 by lunch. Yes, that is a lot of money, but it was less of a loss than expected. New home sales are showing some signs the bottom is near, the decrease for March was less than expected. With the slight improvements and better than expected results the Dow has climbed almost 130 points. Let everyone cross their fingers.
There are still many industries and companies that are teetering on the brink. The most notable are GM and Chrysler. Chrysler only has less than a week to reorganize and join up with Fiat. Gm has an extra month to accomplish a debt/wage restructure. Both these giants of industry are subsisting on federal loans. But the forecast looks very dim for both as they exist right now.
Credit seems to be loosening also. Banks are starting to lend to each other which is good. This inter-bank lending came to a screeching halt last year on the fears that loans would not be repaid. This will allow more credit to be available to consumers. Mr. Obama is also working on abuses by credit card companies and their card holders.
With this bright spot on the horizon, maybe it is time to stat looking for a new job? When the economy is in a tailspin even a bad job is better than no job. Job.travel offers jobs in travel and hospitality across the country. What better time to switch than at the beginning of a trend?

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