News
Everyone is worried about if and when the Federal Reserve will raise interest rates, even though the Fed itself continues to say that it is not considering doing so. That is what happens when interest rates are so low (basically just above zero) that everyone knows the only way they can go is up.
Continue reading about Inflation Stays Tame – Fed Not Raising Rates Soon
To hear many of the newspapers and other media outlets tell it, Google’s blowout third quarter is the official signal that the recession is over and that businesses are spending again, because customers are spending again, and everything is fine again. The logic goes something like this. Google is not only the largest search engine, [...]
Continue reading about Google Posts Higher Than Expected 3rd Quarter Numbers – Is The Recession Over
FDIC insurance coverage of $250,000 per account has been extended through 2014.
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I fired off a quick post yesterday about the “news” that Goldman Sach’s Abby Joseph Cohen declared the recession over. If you missed it, I made the point that an arrow pointing up painted on a wall had just as accurate of a track record as Ms. Cohen did over the past decade or so. [...]
Continue reading about Abby Joseph Cohen Track Record Accurate As A Broken Indicator Light
It was with much fanfare last month that Congress and the Obama administration passed laws putting into effect government programs to help American homeowners with their mortgages. Both The Emergency Economic Stabilization Act, and The American Recovery and Reinvestment Act were front page news all over the country. A lot of this publicity was due [...]
Continue reading about Government Mortgage Help Programs Scams and Deceptive Marketing and Mailings
Is the recent rally real? Is this the stock market bottom? Has the recession ended? This week will provide important clues.
Continue reading about Important Week for Stock Market Coming Up
Wells Fargo announced that it is projecting profits instead of doom. Let’s hope it’s a trend.
Continue reading about Wells Fargo Proves Good Banks Can Make Money
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 [...]
Continue reading about 2009 Stock Market Recovery Starts Now?
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 [...]
Continue reading about In-Depth Information on Banking Crisis
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 [...]
Continue reading about Interest Rates, Mortgages, HELOCs, Credit Cards, and the Fed
