Articles

Think it's just the Fed that is having trouble reconciling rising inflation and a weak economy? Europe is having the same debate with some believing rates should rise and others feeling it should fall. The outcome is important to the US since European rates impact the Euro/Dollar exchange rate.

Fed officials have gone on record as saying that the next move the Fed makes will be a rate increase. It won't be happening anytime soon though.

The FDIC released their Quarterly Banking Profile today and it looks pretty grim. Net banking income declined 87% and the number of problem banks grew from 90 to 117.

Fast Money's talking heads showed how little they know about everything when they tried to present themselves as experts on China this evening.

Washington Mutual is now offering 12 and 13 month CDs at 5%.

Think most stock pros know what they are doing in these times of uncertainty - NOT. Read on.

The economy may be poised to get from bad to worse.

Downey Savings Bank is offering a whopping high rate of 4.68% APY on an 18-month CD. The bank has suffered in the mortgage meltdown as the its stock has gone from a 52 week high of $63 to a little over $2 today.

ELoan has raised their CD rates and added an interesting promotion.

Two Nobel Laureates of economics provide their perspective on Obama economic policy.

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.

iGOBanking is offering the first 400 customers who open a checking account and pay three bills a $50 gas card.

Richard Fisher, the President of the Dallas Fed, discusses recession and inflation, using the analogy of a python to illustrate his point.

Another economist, this time Kenneth Rogoff from Harvard, piles on to say that the economy is headed downward. Economists are a lagging indicator. When everyone sells sell, it's time to think about buying.

A respected economist on the street, Milton Ezrati told the CNBC Fast Money group that he thought the consumer economy in the US would be dead for the next five years. There response: all will be well in 6 months.