Archive for the ‘Investing’ Category
Tuesday, October 9th, 2007
With the United States is stuck in the worst housing slump since the Great Depression, it's easy to see why most of the national media and many of us have bought into the "Chicken Little" (aka "the sky is falling") mentality.
Prices of new and existing homes continue to fall, the ...
Posted in Around The House, Investing, News | 7 Comments »
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 »
Thursday, August 16th, 2007
Okay, so I sat down and thought more about what I wrote yesterday. After some careful consideration, I still think the housing market is in for some trouble, but I think that the light at the end of the tunnel might actually be closer than what I initially thought.
First ...
Posted in Around The House, Investing | No Comments »