Its been long since i was thinking of writing my own blog. Finally, today morning i managed to do few clicks and started typing.
The topics everyone is talking these days are economy/recession/oil-prices/inflation. A known fact that maintaining growth (rather avoiding recession) and controlling inflation are going to be tough tasks for decision makers. Is Fed going to increase rate to control inflation or reduce rate to avoid recession in coming months? I don't think even Fed has a clue and it was apparent from recent statement from Fed. Lets hope the picture gets clear in coming month.
Today morning GE annouced its 2nd quarter (2008) results. GE reported net income of $5.07b (51 cents a share), a drop of 5.8% in second quarter income. I was expecting better result but end up disappointed. The stock price is already at $27.55, down almost 25% since the beggining of this year. The spin-off annoucement of industrial may provide some push to stock price.
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