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 [...]