According to Catherine Reagor’s Real Estate and Growth Blog, Dr. Janet L. Yellen, economist, president and CEO of the Federal Reserve Bank of San Francisco will be in Phoenix to talk about Arizona’s economy next week.
One of twelve districts banks represented in the Federal Reserve System, the Federal Reserve Bank of San Francisco provides wholesale [...]
The Fed announced today that the financial crisis is over, the economy is in the midst of a turn-around, and that they’ve developed a simple plan to quickly pay off the deficit.
On Thursday, Sept. 18, 2008, the astonished leadership of the U.S. Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. “There was literally a pause in that room where the oxygen left,” says [...]
Not to knock the mainstream media, I read it daily. But news reports tend to follow herd mentality. When the economy is booming, there’s usually a preponderance of bullish news. When we’re in a recession, there’s just the opposite amount of bearish news.
So, when I find more rational news reports based on actual data, I [...]
After all this time waiting for the right opportunity to capitalize on a market downturn, it looks like I may not have moved quite fast enough to get back into the stock market. I can’t say that I’m not majorly disappointed in how things transpired.
Who in the world could have predicted such massive and unprecedented [...]
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Cleaning Up The Toxic Assets
Wow, another week in the green!
Although investors reacted negatively to President Obama’s “cautious optimism” speech earlier in the week, Ben Bernanke’s speech concerning the financial crisis at Morehouse College seems to have allayed investors fears about the state of our financial system.
I find it amusingly ironic that Mr. Bernanke chose to speak about the mortgage [...]