As I promised from an earlier post, here are some other blogs writing about things that may be of interest to you.? Venture over and comeback and let me know what you think. Christian Finance Blog – Fed Cuts Rates Again — Action Plan AllFinancialMatters – Foreign Ownership of the US MightyAmerica – Stuff Nightmares [Read More…]

The economy has had such bad news of late. And will probably continue to do so. As a way of taking a break, over the next few days I will bring you some posts from other blogs. Hopefully, you find them helpful. This next one comes at a great time. www.fivecentnickel.com has made a post [Read More…]

What is the Best CD term to invest in? A very difficult question that never really gets easier. There are so many variables and the answer is different for different people. Hopewell CU blogs about various topics surrounding credit unions. They suggest 4 to 5-years may not be too long. I believe if you don’t [Read More…]

The fed lowered the rates by another 50 Basis Points arguing that the downside risks to the economy continue to to rise. This brings the Fed Funds rate to 3.00% and followed a 0.75% cut on 1/22/08. As far as I can tell, this is the largest effective percentage cut in history. The cost of [Read More…]

Trying to track down the data for historical Fed Funds rates has been fun. Here are a couple of links for you: Fed Reserve back to 1954and Fed Reserve back to 1990. As you may have read, Tuesday’s drop was the biggest since October 1984. At that time it was dropped about 1.25%, from 11.30% [Read More…]

In a surprise pre-meeting move, the Fed cut the rates by 75 Basis Points (0.75%).? They dropped the overnight rate from 4.25% to 3.50%.? This came after the European and Asian markets had huge losses yesterday.? The US markets were closed for the Martin Luther King, Jr. holiday. They are hopping such a large cut [Read More…]

Hey, that’s got a double-meaning today.? First, the markets are, in fact, making a rundown.? The DOW posted a 277 point loss for the day to end at 12,501.? Back in October it was pushing 14,000. Treasuries gained in price, which means the yields went down.? The price moves inversely from the rates.? The 2Y [Read More…]

Bank of America is buying Countrywide and giving them the much needed bail-out that the markets seemed to want. Lots of stories on the various news sites, here is the one from The New York Times, Bank of America to buy CountryWide. The big Question is whether or not this will be good for BofA. [Read More…]

The stock markets had lots of turmoil today.? Initially, the markets staged a rally, but that fell apart in the afternoon.? This year’s start has been one of the worst on record. There were some rumors about banks in trouble that have proven to be unfounded so far.? The bank of question suffered some serious [Read More…]

I promised a New Year’s eve post so here it is. Not too many surprises for the month except for maybe the lack of the Christmas stock bounce. 2008 looks to be a very tough year for housing. Good if you are a buyer, not so good if you are a seller. Probably some more [Read More…]