Fed’s Next Move Could be to Lower Rates – CNNMoney Uncle Sam: $407 Billion in the Hole – CNNMoney Bond Traders Lose ‘One Night Stands’ in Credit Crunch – Bloomberg Fed Loans May Give Lehman Breathing Room Bear Stearns Lacked – Bloomberg Platinum Declines to 18-Month Low in London as Car Sales Slow – Bloomberg [...]
What’s Next for Fannie & Freddie – Forbes Living in a World of Extreme Moral Hazard – Financial Times The Bailout’s Real Winner? People’s Bank of China – Slate OPEC to Keep Production Steady – RealClearMarkets Oil Drops to Near $100 – Bloomberg Is China Really an Economic Threat – RealClearMarkets Stunning Use of Federal [...]
S&P futures closed sharply higher on Monday in the wake of news the government would bail out Freddie Mac and Fannie Mae but are mixed in early trade. The September futures moved above 1278 Monday, which marks the 20-day moving average and key resistance, but profit-taking took back some gains by day’s end.September S&P futures [...]
U.S. Takes Control of Mortgage Giants Fannie & Freddie – Wall Street Journal LTCM Is a Short-Term Memory – New York Times A Delicate Balance in Fannie/Freddie Action – Financial Times The Economy’s Uncertain Outlook – Weekly Standard Welcome to the Mortgage Business – Ciovacco Capital Is the Dollar Really King? (PDF) – Brown Brothers [...]
Oil Rises Above $117 as Gustav Threatens Gulf – RealClearMarkets Dollar on the Rise, For Now – Financial Times Record Drop for Home Prices – RealClearMarkets Credit Crunch Deeper and Wider – BusinessWeek FDIC: 117 Troubled Banks – RealClearMarkets Don’t Believe the Fed Hike Hype – TechTicker/Yahoo Finance Durable Goods Post Strong Increases in June/July [...]
Bernanke Says Inflation Should Slow into 2009 – Bloomberg Freddie, Fannie Failure Could be World Catastrophe, Yu Says – Bloomberg Oil Prices Fall Over $6 on Stronger Dollar – AP/Yahoo Finance Buffet Sees Economy Weak Until 2009 – Reuters Americans Skip Labor Day Trips as Costs Rise – Reuters The Long and Winding Recession – [...]
More Road Kill on the Credit Crunch Highway – Bloomberg Wireless Technology Spurs Economic Growth – Project Syndicate No More Need for Frannie & Freddie – Financial Times This Year, August is Anything but Quiet – The Economist Why Corporate Tax is the Worst Tax – Washington Times CRB Commodities Index Heads for Biggest Weakly [...]
The Winners & Losers from Cheaper Oil (Video)- Financial Times Fed Debate Heats Up Over Inflation – Bloomberg Free Trade is Economy’s Saving Grace – Investor’s Business Daily The U.S.’s Strikingly Socialist Tendencies – Times of London About the Next Fannie/Freddie Crisis – New York Sun Oil Falls to 12-Week Low on Demand Worries – [...]
Euro Poised for a Breakout By Richard Ilczyszyn and Phil Streible The euro seems poised to make a breakout against the U.S. dollar, but the big question is which direction. It could go either way as we have global inflation, and at the same time, economic weakness impacting the currencies. We think a strangle is [...]
Crude Falls for 4th Day; Down 11% for the Week – MarketWatch Gold & Oil for Soros; Illiquidity at Merrill – Forbes Ben Bernanke Is Boxed In – The Economist Why Not to Panic on Inflation – New York Post Fannie & Freddie, Damned by Faustian Bargain – Financial Times
