If you google “flow of funds” and select “Flow of Funds Accounts of the US” then go to the most recent release which is Dec 11, 2008 for the 3Q08, then go to R.100 Change in Net worth of Households and Nonprofit Organizations. The headline number in row 1 is sobering. It shows the change [...]
Clearly an extension of yesterday’s “Buffer Rally.” As bad as the news is going to be later in the week, they’re putting as much distance on 7,999 as possible to pad anticipated losses.
The market should have already been trading in the 7K range, but two days of criminal, manufactured “gains” have put a nice 500 [...]
By Scott Lanman
Nov. 28 (Bloomberg) — The Federal Reserve expanded its purchases of commercial paper to $295.1 billion and its loans to securities firms increased as the central bank uses its balance sheet to combat the worst financial crisis in seven decades.
Cash borrowing by Wall Street bond dealers from the Fed totaled $55.9 billion on [...]
If you cant survive 5-10years without income youll know why millions protested, organised, unionised, and rioted in the 1930s.
In the 1930s currency had gold backing unlike today. So a country couldnt just print money or offer stimulus plans and bailouts. This is fine if your the only one doing the printing but in this new [...]
NEW YORK (Dow Jones)–After being severely constricted for weeks, the commercial
paper market showed tentative signs of recovery on Tuesday after global leaders
aimed a number of initiatives at stabilizing financial markets.
On Tuesday, the U.S. government said it would inject $250 billion into ailing
banks and guarantee bank debt for up to three years, and it unveiled details [...]
CHICAGO (Dow Jones)–Federal Reserve Bank of Minneapolis President Gary Stern
warned Tuesday against bailing out firms deemed “too big too fail,” saying the
practice could create more turmoil down the road for financial markets.
“If left unchecked, they may be a future source of instability,” said Stern in a
speech before the Council of Institutional Investors.
The Fed official also [...]
Bold move trades promises for public cash
By Krishna Guha in Washington
Published: September 7 2008 21:01 | Last updated: September 7 2008 21:01
Sunday’s dramatic intervention by the US government in Fannie Mae and Freddie Mac has two key objectives: to bring down mortgage rates and ease financial market stress by making it clear that [...]
“There are several choices, all of which will have bad side effects. It is critical, however, that we understand those side effects and choose the path forward that represents the least risk to the broader economy and to the government, not just the most expedient or the one that the people who would lose will [...]
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