There’s been plenty of talk about the future of credit in the United States and whether newly-created dollars are reaching Americans with the ease they’re reaching Wall Street. To put it simply, credit for everyday Average Joe American is easy to find—it’s just from the worst sources.
The economy is showing greenshoots, or so says Ben Bernanke, commodities are exploding and many of the world’s central banks are starting to push rates higher. This is your last chance to refinance your mortgage, so if you’re going to do it, do it absolutely right now.
The Federal Reserve has agreed to allow banking companies to bring back their dividend policy, ending a provision that was intended to keep revenue in bank coffers until bailout money could be repaid.
In going forward, the nation’s largest banks, many of which were once some of the highest-yielding firms on Wall Street, may again become high-yielding.
The FED acted in what appears to be pure desperation. $200 Billion will spent by the Federal Reserve to buy up bad mortgage debt and mortgage backed securities. The move was scene to be putting more money in the banks that are suffering from a collapse in the housing market. Read more…
Recession is the hated word on Wall Street. Its thrown around by the media and the Federal Reserve but why is this word so important? It might just be important because we make it important. 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…
Amidst the Fed meeting yesterday that hinted on future interest rate cuts, stocks roared again to all time levels at the end of trading. The Fed actions gave stocks confidence that they got a solid backing from the Fed so they kept on climbing. For today look for more earning reports have some bearing on the market as the Fed also believes the cuts are for hard times to come. Read more…
After a week of higher than expected job growth and the market reaching all time highs here is what to expect for the coming week, Oct. 8-12. Read more…
The Federal Reserve has said that banks have had less of a demand for mortgages and commercial loans between May and July. This only adds to the evidence that has been compiled to show that the pace of economic growth has truly slowed down. Read more…
