One of the nation’s largest investment banks has taken major steps to silence rumors of an impending Bear Stearns-esque collapse.
Lehman Brothers Holdings firmed up its balance sheet by cutting its risky debt positions by 25 percent. In addition to selling off debt, the firm raised $8 billion in capital.
Many investment banks are fleeing from risky, mortgage related […]
The Fed stated that it expects the economy to shrink during the first half of 2008.
This announcement should come as no surprise, as in recent months the Fed has actively moved to stave off a recession. Even though the Fed has been reluctant to admit the severity of economy’s struggles, actions speak louder than words.
The minutes of their most […]
On my most recent trips to the gas station I have made it a point to turn away from the pump. I have no desire to watch the price meter run up to $55 for a tank of low-grade gas. Turning away from the pump has allowed me to look at what other motorists are doing. Much […]
The Fed Funds target rate was cut by another 25 basis points yesterday, taking the rate from 2.25% down to 2%.
But, a lower Fed Funds rate doesn’t necessarily mean lower interest rates for all. This target rate adjusted by the Fed is a guideline for the rates charged between large banks, for large loans.
The rate which many consumer loans (i.e. […]
CNN recently found that 74% of Americans think the economy is in a recession. But, according to the technical definition of a recession, this is impossible. How can this be???
One widely accepted definition of a recession includes the observation of two quarters of declining growth (as measured by GDP). But, when it comes to a word […]
The Fed’s next rate decision will be announced on Wednesday, but is another cut really necessary? Most economists are projecting a cut of 25 basis points but, that’s not such a sure thing.
The Fed has cut rates by 300 points since September. Go Speed Racer go! This is the fastest drop (percentage wise) ever and now […]
With the next Federal Reserve Meeting set to take place this upcoming week, many investors are left wondering what size of a rate cut will be announced.
Not even two weeks ago the market was expecting a half point cut, with a low probability chance at a three quarters cut. Now though it seems a three […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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