July 21 (Bloomberg) — For CIT Group Inc., the emergence of a $3 billion loan agreement with bondholders preventing bankruptcy shows there is life after death in the credit markets.
Is it really? It sure doesn’t feel like it! (I’m losing my corporate fat-cat job at the end of this month. Yikes!)
No, two of the best and most objective forecasters, who are not connected to investment banks or to the CNBC noise machine, have recently called the upturn. Macroeconomic Advisers, the St. Louis-based consulting firm that compiles a monthly GDP index, reported to its clients Monday that while second-quarter GDP was tracking at negative 0.1 percent (recession), the third quarter was tracking at 2.4 percent growth.
The map at the link shows unemployment by county over the entire United States. Sadly, note that the data is from January; things have gotten worse since then.
Here’s a snapshot of the map; however, click the link below for a more interactive view.
The darkest areas suffer the highest rates of unemployment.
I admit I know nearly nothing about Dave Ramsey (I know he’s some sort of “financial guru” that a lot of people follow), but I’ll tell you, in the interest of disseminating information, that he’s holding a town hall meeting tonight about “The economy, your money, and real answers.”
It’s tonight, April 23, at 8 PM ET and 7 PM PT (West Coast delay, what’s new?) – sign up here – Town Hall For Hope with Dave Ramsey (Click the “Attend the Event” yellow button).
This is just wrong – Wis. nurse called out of surgery and laid off
MADISON, Wis. – A nurse was called out of surgery so a manager could tell her she was being laid off.
What is wrong with people?