Friday, September 4, 2009

Budget gaps, bank regulations, confidence, and forecasts.

The city of Houston needs to make up a $25 million budget gap. There was a budget gap of $103 million, but about $50 million was previously set aside for this sort of situation, with about $28 million more already planned to help try to reach the rest of the gap. $25 million is a lot better than $103 million!

A good, though lengthy, article on bank regulation in the Harvard Magazine.

Consumer confidence seems set to go higher and business confidence is loads better. Seems like consumers are looking at the unemployment rate while businesses are looking at stocks. Go figure.

The OECD predicts growth (or lack thereof) for some countries. Pretty decent news for the US--less so for Canada.

1 comment:

karim said...

Very thoughtfull post on confidence .It should be very much helpfull

Thanks,
Karim - Creating Power