Archive for News
While traders and investors have wondered whether or not the recent stock market rally signaled a bottom for the markets, another question has hung in the air. How are the banks doing, and will any of them be able to make money, or are they just all going to be depending on big government handouts to survive? Wells Fargo helped answer part of that question Thursday morning when they projected profits... Read more→
Recently, people have begun to draw all the wrong conclusions about the stock market for all the wrong reasons. It is a common phenomenon and it happens every time the stock market moves up or down long enough for the average citizen whose only market investments are in IRAs or 401(k) plans to notice. The first bad conclusion is that now is the time to pull money out of the market. While... Read more→
The Economist magazine has a 14-page report on the stat of banking and the future of finance. I happens to be a bit less alarmist than the reporting you typically see, and as a British publication it also has a solid look at how the current situation affects more than just the United States. If you are interested in the current situation and want more in-depth coverage than you normally... Read more→
Days like yesterday and today are why I write the Finance Gourmet. For those of you who didn’t see it, the Federal Reserve, or Fed cut interest rates to between 0% and 0.25%. All day today, the media has been droning on about what it means for consumers, homeowners, and the economy. Unfortunately, they are in such a hurry to do so, that they skip over all the details. So,... Read more→
And, We're Back
CommentsSo, a plugin took down the Finance Gourmet blog this morning. Needless to say it will be deleted never to return. I didn’t know that it could take down a whole site like that. I had a blank screen. No error, no nothing. I ended up doing the upgrade to 2.5 just in case something got corrupted. So, now we’re on 2.5 and we are back online. Sorry for any trouble it may have caused.... Read more→
