March 11th, 2008
The big news this morning is that, in order to help inject “confidence” into the economic outlook, the Fed is offering a $200 billion plan for increased liquidity. Of course, most of this help goes to mortgage lenders who got into trouble with their subprime lending practices.
The move is par for the course in terms […]
By miranda -- 15 comments
March 10th, 2008
Not since the last President Bush was in office has the economy been such a big deal. And with $4 a gallon gas looming on the horizon, many are thinking that all the much-proclaimed tax rebates as part of an “economic stimulus” plan will do is serve to enrich oil companies.
So, now we are […]
By miranda -- 2 comments
February 15th, 2008
Yesterday, Ben Bernanke testified before Congress about economic stimulus and the possibility of more rate cuts. He did stop short of saying that the US would enter a recession. Instead, he pointed out that while economic growth will slow, negative growth was not a foregone conclusion.
The stock market wasn’t overly impressed by his testimony, and […]
By miranda -- 0 comments
February 12th, 2008
I came across something I found rather interesting today. A report that foreclosure is becoming a mortgage trend that is based on financial planning. This isn’t the sort of foreclosure by Americans in bad financial positions (the folks “economic stimulus” is meant to help). This new foreclosure trend actually includes middle to upper middle class […]
By miranda -- 0 comments
February 11th, 2008
One of the main things to keep in mind about investing, and even the economy, is that the whole thing is cyclical. There will be downs as well as ups. The idea is to arrange your personal finances — and your investment plan — in such a way that you can weather the down cycles […]
By miranda -- 13 comments
January 25th, 2008
This has been a big week for “economic stimulus.” The Fed announced an emergency rate cut on Tuesday and yesterday Congress unveiled a tax rebate package. But will it really help? The numbers are different from the $500 tax rebate that was being floated earlier.
Instead, some working Americans will get $300 and others will get […]
By miranda -- 5 comments
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