Welcome to Credit Withdrawal, if you like what you see, you may want to subscribe to my RSS feed. Thanks for visiting! Yesterday’s results for July’s inflation numbers are in, and they’re not particularly heartening. July showed a 1.2% price increase for consumer goods (for the month) which is the highest single month increase [...]

The Federal Reserve yesterday dropped the Discount Rate by .75 basis points, to 2.25%. That, in response over the weekend to the Bear Stearns implosion, and the on-going weakness in the American economy have a number of people up in arms recently.
With all the economists running around with little or no idea what [...]

  The Fed moved to forestall a further downturn in the U.S. economy today by dropping the Discount Rate by another .5%. (50 basis points).
While this wasn’t unexpected, it does show that the Fed is taking the downturn in the U.S. economy seriously.
The Fed said that the rate cuts taken to date [...]

PetroChina’s Stock Value Hits ONE TRILLION Dollars!-

Is it up? No, it’s down? No, wait, it’s up,…
The stock market is acting more like a roller coaster in an earthquake recently. Admittedly, the Subprime problems have started a lot of jitters amongst investors, and the number of people defaulting on their now-increased subprime mortgages is causing housing prices to wobble. But overall the [...]