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Fed Chairman Ben Bernanke said today that he doesn't see evidence of an asset bubble in financial markets - equities, gold, commodities, etc. This of course reminds me of Alan Greenspan's famous...
This article is a must-read for anyone trying to understand what is going on with the economy at the moment. It describes how the Federal Reserve and the Obama Administration plotted to reinflate...
President Obama today declared he was going to re-appoint Ben Bernanke chairman of the Fed. It's a good move, notwithstanding the usual critics who not only want Bernanke gone, but the whole Fed...
The Federal Reserve Open Market Committee met today and described an economy that had bottomed but that will be slow to recover.
Our government has debased the economy to remove moral hazard for a handful of banking insiders. This type of activity occurs frequently in Third World countries and is met with real rage. Where...
The tale of the economy over the next couple of years is really a test of the theories of John Maynard Keynes, the father of deficit spending, or Miltion Friedman, the Novel Laureatee, who believed...
Federal Reserve Chief Ben Bernanke appeared on 60 Minutes and said he believed the recession would end later in 2009. He also said he believed that rates would have to rise to forestall inflation.
As the Great Depression set in, countries around the world raced to put in trade protection measures in order to safeguard their own economies. With this downturn, we see countries racing to do...
Bernanke dropped interest rates virtually to zero, surprising almost everyone, as part of a very smart – albeit risky – plan to spark institutional and individual investors to get out of...
The AP has just released the following report. If it is true, it raises one important economic question - how $50 billion in Treasury assets can cover $3 trillion in new liabilities, and is the US...
I've been very skeptical about the financial and very much have believed that we are in the early innings of the real estate / credit-induced mess. But, now Bernanke and Paulson have a Resolution...
Speaking at the Kansas City Fed Bank's two-day conference on financial stability in Jackson Hole, Wyoming, Fed Chairman Ben Bernanke said the Fed will raise rates if needed to contain inflation.
The fall of the dollar below $1.60 is highly disturbing, but can be tied to the BBC's airing of depositors fighting on lines outside of Indymac branches.
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Type
|
Top APY/Rate
|
Institution
|
|
2.51%
|
Everbank
|
|
|
0.38%
|
W&R Advisors
|
|
|
1.65%
|
TotalBank
|
|
|
1.65%
|
The Jacksonville Bank
|
|
|
2.25%
|
Academy Bank / The Jacksonville Bank
|
|
|
2.25%
|
Security Savings Bank
|
|
|
2.60%
|
The Jacksonville Bank
|
|
|
3.00%
|
Flagstar Bank / Hudson City Bank
|
|
3.25% |
FlagStar Bank / Hudson City Bank |
|
|
3.50%
|
Acacia Bank
|
|
|
3.36%
|
US Treasury
|
|
4.51% |
Bank of the Sierra |
|
|
1.64%
|
Northrop Grumman CU
|
|
|
2.30%
|
Alliant CU
|
|
|
2.55%
|
Alliant CU
|
|
|
3.00%
|
Alliant CU
|
|
|
0.09%
|
Various brokerages
|
|
|
0.14%
|
Various brokerages
|
|
|
0.91%
|
Various brokerages
|
|
|
2.35%
|
Various brokerages
|
|
|
3.47%
|
Various brokerages
|
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