January 23, 2008
After global financial markets took a dive Monday on fears that the world’s largest economy was headed toward recession, the Federal Reserve took swift and immediate action. In an emergency meeting, the Fed cut its overnight lending rate by 75 basis …
January 14, 2008
It’s in the news daily…banks closing their mortgage divisions, lenders writing off billions of dollars in subprime mortgage debt, the Federal Reserve holding auctions to inject more money into the financial system. With all the doom and gloom, you might think that the prospect of …
January 11, 2008
More negative news this week on the economic front prompts more analysts to predict a recession in 2008. Bank of America announced it will rescue Countrywide Financial, the nation’s biggest mortgage lender, in a stock deal for $4.1 billion. Market and …
January 7, 2008
It happens in the insurance industry all the time. You have a car accident, then boom…your insurance company raises your auto insurance premiums. The greater the risk…the more you pay for your insurance. In the wake of the subprime mortgage …
January 4, 2008
The first economic news for 2008 did not bring good tidings for the new year. Market and Economic Recap Business Week Ending January 4, 2008
Stocks tumbled in early trading after several economic reports and key economic indicators for December came in below analyst’s expectations.
December job growth numbers were weak, …
