Archive for September, 2007
Friday, September 21st, 2007
The more I think of it, the more I can't help but believe that we're on the verge of an economic collapse on par with The Great Depression.
The American economy is built on a house of cards. Consumer spending makes up two-thirds of our GDP, which means we're not ...
Posted in Investing, News | 7 Comments »
Tuesday, September 18th, 2007
So much for the Federal Reserve holding steady and keeping the federal funds rate at 5.25% for another month.
As I'm sure you're well aware by now, Ben Bernanke and the Federal Open Market Committee today announced that they had lowered the federal funds rate by 50 basis points (most economists ...
Posted in Investing, News | No Comments »
Friday, September 14th, 2007
On September 18, the Federal Reserve is going to take the unpopular stance and will announce that they have decided to leave the federal funds rate at 5.25%, where it has been for over a year.
It's going to shock Wall Street - who apparently believes it's a foregone conclusion that ...
Posted in Investing, News | 1 Comment »