Ok, I admit, I MIGHT have been wrong. It’s happened before (so rarely it’s hard to recognize at times) but this time I think I might be on the wrong side of the debate.
With the Subprime bubble decimating all within the blast range, I’ve never had a lot of sympathy for people that have gotten [...]

Again, we have another set of major players in the market that are coming, hat in hand, to the government asking for a handout. The Big Three American auto makers are to appear before congress to request a stimulus package and low interest bridge-loan to help them survive these rough economic times.
When the price of [...]

A couple of days ago, the Federal Reserve announced that it is spending $500 billion on ‘commercial paper’. That’s short-term loans made by banks and businesses to get working capital. While this is a good thing for freeing up the credit market and getting cash moving around again, it barely made the news!!
Have we already [...]

Yesterday, in a surprising turn of events, the House of Representatives turned down the proposed $700 billion bank rescue plan. This in turn, caused the Dow Jones market to go into free-fall, accumulating the largest one-day drop in a couple-odd decades. Markets around the world reacted, mostly in sympathy, with the U.S. market, racking up [...]