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.
Federal Reserve
Frontline: Inside the Meltdown
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 [...]
Current Recession Perspective
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, [...]
Free Market Failure
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 [...]
Market Meltdown?
After continued months of financial experts, market pundits, and government reassurances that there is nothing wrong with our economy and that there’s nothing to be concerned about in the marketplace, the Treasury Department and the Federal Reserve convened a weekend meeting with major global financial firms and investment banks to come up with a plan [...]
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 [...]