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Top 3 Signs the Economy is Still in Deep Trouble

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Don't get too giddy about the Dow's upward climb. Here are three signs that the economy is still hurting really bad:

1: Tim Geithner still can't sell his house, despite all this supposed good news about the housing market.

2: Radio Shack seems to be doing well, but nobody gives a sh*t. The least sexy electronics outlet reported quarterly earnings that beat estimates. No one cares, however, that the homely chain is cutting costs: Its share price is falling.

3: Still plagued by bad marketing moves, GM is rumored to be replacing its Saturn model with the Uranus. Without mentioning that rumor, AdAge's Al Ries hammers GM - the company you bailed out - for picking Bob Lutz as its new advertising and marketing czar, saying it "shows no respect for marketing."

MLive notes that Lutz "crapped all over" GM's new ad campaigns (especially a Buick TV commercial) and then dashed off to the Caribbean for a vacation.

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http://www.thesmartasset.com/

Ward Harkavy is currently Senior Editor at the Village Voice, for which he writes The Smart Asset.

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...for telling it like it is. And there are a few ... by Jeffrey Rock on Monday, Jul 27, 2009 at 9:01:14 PM