The day ahead: Friday
A report on personal income in September is expected to show households remain under pressure and the Reuters/University of Michigan consumer sentiment index for October is seen falling.
* Chevron’s results will get a boost from rising oil prices, but weak refining margins and sluggish demand for natural gas are likely to weigh.
* Earnings are also expected from Sony, Estee Lauder, Weyerhaeuser and NYSE Euronext.
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Reuters is a good news source. I am 18 years old and like reading some news. I have learning differences.
US government is doing whatever to rescue the consumers’ confidence. However, they miss the critical point of economy “psychological factor” It always take short period of time to lose confidence but take possibly 5, 6, or 7 times longer to rebuild the confidence level. I think U.S. government miscalculate the time issue and did not allow time to let the economy breathe through the air in recession. It is not a good idea to inject carbohydrates to ICU patients and expect them to run a mile right after. All illness take time to cure. The body need time to rest and rebuild the antibodies in our immune system. Same to our economy, our government is overdosing and underestimated the time that economy need to take for resting before it really comes to recovery.