It wasn't long ago (three weeks to be exact) that everyone was talking about the threat of inflation. Now as commodity prices collapse, everyone is talking about deflation. The credit crisis has...
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...
Wachovia Corp. agreed to sell itself to Wells Fargo in a $15.4 billion takeover that will require no government assistance, scrapping a federally backed deal with Citigroup Inc.
This is good for...
Here's an interesting analysis of the economy written by a financial planner with some experience in thrift supervision.
"Why far worse? In 1991 then Governor Bangerter appointed me along...
Article | Submitted Oct 1, 2008 | Views: 25 | Comments: 0
Tags: state of economy
The Republicans were the ones that rejected the bill, sending the message to financial markets that they'll have to solve their problems on their own, without $700 billion of taxpayer money. Or as...
It may seem like the capitalist economic model is falling apart but this is just a natural part of the ebb and flow of an economic system. It may be a painful part but that's the nature of...
The common slogan from both parties and presidential candidates in justifying the bailout has been about helping “main� street, rather than Wall Street. But will the mother of all bailout...
The Netherlands, Belgium and Luxembourg are forced to through $11 billion into insurance giant Fortis after nobody else comes in to bail it out. It is starting to look like the rest of the world...
This article suggests that the next thing to happen is a run on hedge funds. As the article also points out, this could lead to a viscous cycle of selling.
Hundreds of economists, including three nobel prize winners are urging Congress to take their time and get the bailout right. Many believe that the situation is not as urgent as it is being...
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