Archive for December, 2007
Monday, December 10th, 2007
Investors really love rate cuts. They must think a rate cut is some sort of a magic bullet for the economy, because every time they hear about one, they get giddy with excitement. Today is no different as the general indexes rebounded, despite a blow to UBS in ...
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Thursday, December 6th, 2007
The U.S. government is getting involved in the so-called "subprime" crisis, by initiating a plan to bail out certain homeowners with adjustable rate mortgages (ARMs). The thought is that the plan to free rate increases will slow the record number of foreclosures, giving consumers a chance to hold on ...
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Wednesday, December 5th, 2007
Guessing what the Fed will do vis a vis interest rates has been a passion for many for years now. Will the cut? Will the hold? Only Ben Bernanke knows for sure. But Bill Gross of Pimco is supposed to know these types of things and ...
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Tuesday, December 4th, 2007
In a sure sign of being paid too much, U.S. Chief Executives are not stressing the economy too much.
"CEOs are getting a little bit more comfortable that we are slowing down a little bit as an economy," he added. "But there aren't huge dark clouds out there. But ...
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Monday, December 3rd, 2007
Here's a bit of a shocker: the Fed may drop interest rates a very hefty 100 basis points, in an effort to stimulate the moribund U.S. economy. At least this is the belief of Citi's chief economist, Lewis Alexander.
Alexander, who worked at the Fed before joining Citi, also said ...
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