This week’s episode of Millionaire or Bust takes a look at the news of the week and I go slightly out on a limb and say a little about where I think the economy is headed this holiday season.

Here are today’s segments and the associated articles and links:

By the Numbers

1. Dow: Dropped 259 points going from 9,972 to 9,713 during the past week.
2. Oil: Dropped $2.50/barrel from $80.03 to $77.53 in the past week.
3. Gas: Gained 2.2 cents/gallon going from $2.671/gallon to $2.693.
4. Bank Failures: We had 9 more bank failures over the past week bringing the current total to 115.

More Banking Related News:

• CIT filed for the 5th largest bankruptcy in United States history in terms of assets.

Madoff Scam News

• Madoff’s accountant is expected to plead guilty November 3.
• Madoff investor found floating in the pool.

Which Way is the Wind Blowing?

• It’s believed that the United States has emerged from the long recession.
• Economists believe jobs will return in 2012.

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MOB #112 – Where Are We Headed This Holiday Season? [ 11:36 ] Play Now | Play in Popup | Download