Articles

The FDIC's insurance may lose 17% of its capital as bank failures have drained it. It's expected to to the point where the FDIC may ask other banks to pay more to replenish the fund.

Remember when a rebel firing a bullet in Nigeria caused the price of oil to jump $10 a barrel. Now, there's an all out way in Georgia and oil prices continue to drop. Something has changed.

Many different economic models are being used to try and predict the bottom of the housing market. Here's a look at a few of them.

One of the proponents of the commodities bubble says to go against it.

I was listening to Joseph Stiglitz today on CNBC and was struck by his gloomy assessment of the economy. Here's what he had to say.

Merrill, UBS and Citibank have all now agreed to repurchase outstanding auction rate securities at par over the next several months.

Virtual Bank now offers the best 1 Year and 3 month CD rates.

Larry Summers, former Treasury Secretary under Bill Clinton and former President of Harvard provides a grim view on the pressures facing the economy and the potential recover.

Citigroup has agreed to a settlement with the NY Attorny General's office that will see it buying back about $7.5 billion in securities from individual customers, charities and small businesses. This is good news for anyone still stuck with illiquid auction rate securities.

The dollar has been beaten up over the last couple of years and now has made a modest jump? Will it continue?

The drop in oil prices of almost $24 per barrel has started to shift much of the conversation. Instead of talking about unlimited demand and shrinking supply, people are returning to economic fundamentals, and realizing, like real estate, that nothing goes straight up forever.

As expected the Federal Reserve kept the Federal Funds rate at 2%. The statement below continues to reflect their uncertainty on which way the economy is going - inflation or recession. Expect the Fed to do nothing until the wind breaks one way or the other.

The demand for corporate debt has plunged, forcing companies who want to raise debt money to either borrow from a bank or offer higher rates and other perks to potential investors.

Here's an example of an investment expert getting way ahead of himself. Mark Mobius, who oversees about $40 billion in emerging- market stocks as executive chairman at Templeton Asset Management Ltd. in Singapore thinks falling oil prices make it the right time for the Fed to drop rates.

Like all bubbles, this one has been led by cries of "its different this time." Is it?