well, it’s another week of bad news for the economy.  even as the u.s. economy is supposedly on a “solid” pace, the worse is already happening.  on the international front, greek bank shares plummet at 30% and the shanghai composite fell 1.1%.  and in other news, puerto rico is about to file for bankruptcy.  with all these economies on the downfall, it will sooner or later catch up to the united states in some form or another.  it’s a matter of time.

some economic analysts speculate that the economy is remaining solid at 5.3% national unemployment rate with consumer confidence taking a dip.  on top of that, a federal rate hike is expected soon on september 17th.  no, the economy is not solid.  the u.s. economy is walking on eggshells with the rocky ups-and-downs over the past few months.  eknme believes the u.s. economy is about to take a nosedive, or a “market correction” as the analysts would say.  it won’t happen today or even into next week. but within the next few months is a definite possibility.  the question remains whether going back to school and the winter holidays will sustain the u.s. economy.  eknme believes it may do so temporarily but it will be a short-lived spike.

now onto our morning coffee…