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Wednesday, August 25, 2010

US economy appears to be stalled

companies are cutting down their investment amount on machineries and equipments, Home sale rate is at its lowest margin. The weak sales mean fewer jobs in the construction industry, which normally powers economic recoveries. Each new home built creates, on average, the equivalent of three jobs for a year and generates about $90,000 in taxes, according to the National Association of Home Builders.


In terms of trading market, stocks are averagely playing low. Dow jones is 20% down marked a total loss of 3.6 percent. Techs are doing relatively good DELL 11.74 news that the PC maker is planning to submit a more competitive bid for data storage firm helps DELL to rise a little. Dell also released its first smartphone with a 3.5-inch Android device called the Aero that costs about $100 on AT&T's 26.8181

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