I've wondering how the performance of the Dow in 2008 compares to the drop during the Great Depression. To find out, I graphed both and set them side by side. The results are interesting...
CNBC sent Bill Griffeth for a facelift over the weekend, then put him on Power Lunch with Michelle Caruso-Cabrera, Melissa Francis and Dennis Kneale. Why?
Over the last two weeks, the Fed has set up programs to purchase mortgage backed assets, student loans, credit card loans, and more to help restart lending. But it might not make a difference...
This is a discussion on the future direction of the Federal Funds rate, using the Fed Funds Rate Predictor (produced by the Cleveland Fed as a starter.
The conventional wisdom says that inflation is very bad. It makes everything we buy more expensive and decreases the value of our currency. But there are times when inflation is good for you.
We've now had five bank failures in 2008 and I wanted to see how we are doing compared to the real estate downturn in the 1980s and savings and loan crisis it precipitated. The results are...
This is a discussion on the future direction of the Federal Funds rate, using the Fed Funds Rate Predictor (produced by the Cleveland Fed as a starter.
Exclusive: Report Shows Vehicles, Machine Guns And More Meant For Iraqi Forces Unaccounted For
Tractor trailers, tank recovery vehicles, crates of machine guns and rocket propelled grenades are...
Article | Submitted Dec 6, 2007 | Views: 2909 | Comments: 25
Tags: iraq, war
The House passes the rescue plan or bailout bill today and President Bush swiftly signed it into law. It not only provides up to $700 billion to buy up toxic assets, but temporarily raises the...
President-Elect Obama hasn't said anything yet but I imagine this will be his top agenda item when sworn in. His campaign election plan and talks strongly suggest he will push for one or more...
Nouriel Roubini has become renown for having predicted the impending credit and bank crash. He predicts a severe recession and expects markets to decline another 20-30% before bottoming out.
Obama is about two weeks late on this one, and probably could have saved us from the last three legs of this plunge had he had enough sense to make the appointment earlier.
The Asian markets are open and no word on a rescue plan for crashing Citi. Exactly the same scenario as Lehman. No government, no investors. Amazing inaction again in a moment of crisis.
Article | Updated Nov 23, 2008 | Views: 90 | Comments: 1 Tags: citi
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