Economy

In further proof that the government is trying to spend it’s way out of the current financial crisis, the federal reserve chief – Ben Bernanke – signaled his support for a second round of fiscal stimulus’. The usual fear mongering lines of “dire consequences”, “grave doubts of our future” and “protracted slowdown” were used to [...]

>The Finance Blog Network’s latest group writing project is about providing year end predictions on 5 key issues affecting all our financial futures. Given all the action this week and potential for a lot more change (damage) in the coming weeks, any prediction could be outdated as soon as it is written. But my guess [...]

In an unfortunate symmetry of events the Dow swooned more than 700 points as the $700 billion bailout bill failed to pass in the House of Representatives. There were rumors that trading on the NYSE would be halted due to preset triggers for preventing a stock market collapse. Analysts and market watchers were stunned at [...]

Looks like the financial crisis is taking the much anticipated criminal turn with the FBI starting to seriously probe allegations of fraud by a number of Wall Street firms whose recent collapses sent markets into turmoil. The ones that received the most media coverage – Lehman Brothers, mortgage giants Fannie Mae and Freddie Mac and [...]