OIL VIEW . I’ve been reading a lot about oil, the current state and the history of oil as we see prices keep rising and we all wonder where a top is. So below are some interesting tidbits which I’ve unearthed from the Internet (a great modern day development!) for you to ponder, some obvious...
UPDATE ON THE STOCK MARKET . Written, Tuesday, May 20th, 2008: 6:30 a.m. Another one of those turnaround stock market days yesterday. At 2 p.m. things looked great but then stocks reversed downward and by the close there were more stocks down than up on the NYSE , 1479 vs. 1681. While numerous sectors...
THE BIG PICTURE & THE ECONOMY Today’s Big Picture view comes down to whether the US economy is going into a severe, long lasting recession or not. My belief remains that we are, that’s where today’s slow-motion economic slowdown is leading us, but the jury remains out & lots...
UPDATE ON THE STOCK MARKET . Tuesday, April 29th, 2008: 6:30 a.m. The stock market has some uncertainty – there’s that awful word again – about tomorrow’s Federal Reserve 2:15 p.m. interest rate policy announcement. For the first time in a very long time, we’re not quite sure what the Fed is going to...
CHAIRMAN BERNANKE: “HOLD INTEREST RATES STEADY ON TUESDAY!” Hey, why not? What have we got to lose? Cutting interest rates sure isn’t working, right? Along with setting interest rate policy, the Fed has another role, that is being the “lender of last resort.” They’ve sure done that this past Tuesday...