Money News
« Previous EntriesInflation Looms!
Wednesday, June 11th, 2008Inflation is always a concern. Nobody likes to have their money devalued. Yet with each passing interest rate cut by the Fed, the inflation rate will increase. Now that the federal funds rate and discount rate are at lows not seen since Greenspan’s attempt in the early 2000s to fix the post-technology bubble, people have [...]
Why the US really has gone broke
Tuesday, April 29th, 2008I wish I had the time to research and write an article as great as this, but sadly I do not. Instead, I will link to it and ask that you all read it and inform yourselves!
As a result, going into 2008, the United States finds itself in the anomalous position of being unable to [...]
It’s the economy, smart?
Friday, April 18th, 2008Just a couple quick links for Friday reading and listening fun:
How Hedge Funds Pushed the Economy Down is an audio interview on NPR, described as:
Largely unregulated by the government, the hedge fund “shadow market” has played a critical role in the housing crisis. Alex Chadwick talks to Michael Greenberger, law professor at the University of [...]
The Fed, Bear Sterns, and JP Morgan
Sunday, March 30th, 2008So I’m sure you heard all about how the Fed was stepping in to save Bear Sterns from imminent disaster; but maybe you weren’t quite sure how it all worked. Business Week has a detailed breakdown explaining what the Fed is doing and why it may never have done anything like that before. From the [...]
Who are the central bankers working for?
Tuesday, March 25th, 2008Big central banks such as the Federal Reserve Bank or the European Central Bank are supposed to be looking out for the interests of the people, working to stave of financial disaster. At least, that is what common wisdom holds. Unfortunately, recent monetary moves by the Fed seem to show otherwise. Unless you’ve been living [...]
Venezuela and Ecuador vs… Colombia?
Friday, March 7th, 2008As reported by James J. Brittain and R. James Sacouman in the excellent on-line newspaper Venezuelanalysis,
On March 1, 2008, the Colombian state, under the leadership of Uribe, Vice-President Francisco Santos Calderón, and his cousin Defence Minister Juan Manuel Santos, illegally deployed a military campaign within Ecuador, which resulted in the deaths of Raúl Reyes, [...]
You CAN make money on renewable energy
Wednesday, February 20th, 2008Reuters news service is reporting that “Investors pledge $10 billion for renewable energy“, stating:
U.S. institutional investors pledged at a U.N. summit on Thursday to invest $10 billion over two years in technologies that aim to reduce greenhouse gas emissions and to pressure companies to disclose their risks associated with climate change.
This is a big [...]
What a week!
Saturday, January 26th, 2008Wow. That’s all I can say after taking in everything that was this week in the markets. Monday, January 21st, saw huge sell-offs worldwide as everybody panicked over a potential United States recession. Then come Tuesday, the Fed himself panics and decides on a non-scheduled 75 basis point cut in the interest rate, the largest [...]
Rosenberg declares recession is here!
Tuesday, January 8th, 2008David Rosenberg, with Merrill Lynch, proclaimed that the often spoken recession that always seems just around the corner has arrived, in full force:
The U.S. economy has entered into its first major recession in 16 years according to David Rosenberg, chief North American economist for Merrill Lynch, who declared the downturn in a research [...]
Market in Turmoil
Tuesday, November 13th, 2007It’s been a while since I posted - and things have gotten out of control! The market is up, the market is down, the market is up again.. People have been asking me what’s happening and why is their Roth doing so poorly. Well, I hate to break it to you, but the stock market [...]