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Reply To: February earnings

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#761314
Anonymous
Inactive

@Inspiration 153341 wrote:

February is a month I really would like to forget uptil now. All programs below average and some below sub zero. I can pay the basic needs :wink-wink

Could it be that recent problems with the payment processors and regulation has something to do with it ?

Rick

Could be but the US economy is in a major slowdown if not a recession. (a recession is defined as 2 or more quarters of negative GDP growth, last quarter it grew at .6% compared to the previous quarter of about 4.9%)

The Federal Reserve cut short term interest rates twice in 9 days which is hardly done if ever and the Congress passed that economic stimulus package last week so hopfully it will be short lived. That sub-prime loan mess didn’t help.