Now that we have a confirmation that recession might be around the corner from Ben Bernanke, we’re pretty sure that one is coming. A recession is a contraction in money supply, business and the velocity of money. Its hard to shop for a bargain in a recession because you never know how bad things just might get. Read more…
Wall Street had a great day today as investors expected another huge cash infusion into the US Markets. The Dow was up 1.45% as traders think that the Federal Reserve will cut rates again, infuse more money to the economy and send money rolling through the stock markets. Read more…
By Angela Baca
In a 8/31/07 address to the Federal Reserve Bank of Kansas City’s Economic Symposium, Chairman Ben Bernanke said: “Sales of new and existing homes have declined significantly from their mid-2005 peaks…The cutback in residential construction has directly reduced the annual rate of U.S. economic growth about 3/4 percentage point on average over the past year and a half…” Read more…
Bernanke talks the markets listen as the Dow has hit its second largest gain of the year jumping 212 to 11,011. Just as the Dow struck gains so did the NASDAQ 37.49 and the S&P 22.95. A very positive outlook on today’s markets. Read more…
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