The Federal Reserve slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades. The central bank on Wednesday reduced its target for the federal funds rate, the interest banks charge on overnight [...]
Filed under: MoneyBob Postings | Tagged: business, economics, Economy, Investing, Life, Stock Market, Thoughts, Work | Leave a Comment »
There was no mistaking the fact that global recession concerns unsettled the market this week. How do we know? Let us count the ways: Closely-watched Libor rates, which is what banks charge each other for dollar loans, continued to come down across all terms, yet the market showed little regard for this improvement other than [...]
Filed under: Credit Crunch, Economy, Investing, economics | Tagged: economics, Economy, Recession | Leave a Comment »
“This is just another stage of the credit crisis,” said Birinyi Associates analyst Cleveland Rueckert. “Now we’re seeing the effects in world economies of the trickle down effect of the last year and a half.” The sell-off in commodities has hit gold, oil, base metals, sugar and grains and is tied to the soaring dollar. [...]
Filed under: Credit Crunch, Economy, Investing, Laszlo Birinyi, Liquidity Squeeze, Market History, US Dollar, economics | Tagged: Commodities, Dollar, Economy, Euro, Exchange Rate, Investing, Investments, Laszlo Birinyi, Market History, US Dollar | Leave a Comment »
Posted Oct 22, 2008 12:47pm EDT by Aaron Task in Investing, Recession As the market struggles to find its footing, debate is raging over whether the kind of panic typically associated with market bottoms has occurred in recent weeks. It’s too soon to judge whether a sustainable bottom has occurred, “but there is a bit [...]
Filed under: Charles Schwab, Economy, Investing, Liz Ann Sonders, Market History, economics, mutual funds | Tagged: Charles Schwab, Investing, Liz Ann Sonders, mutual funds, Stock Market, stocks | Leave a Comment »
New Money Market Investor Funding Facility (MMIFF) Fed To Buy Frozen Assets To Meet Redemptions from Money Market Accounts Federal Reserve will help finance purchases of up to $600 billion in assets from money market mutual funds which have suffered redemptions from investors seeking the safety of government debt. The program start date should be [...]
Filed under: Banking, Credit Crunch, Credit Freeze, Dooms Day, Economy, Liquidity Squeeze, Money Market, Saving, Treasury Department, economics | Tagged: Credit Crunch, economics, Economy, Federal Reserve, Money, Money Market, The Fed, Treasury Department | Leave a Comment »
FDIC Go to the FDIC website and use EDIE the Estimator to calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits. BEFORE YOU BEGIN, HAVE A LIST OF: All the [...]
Filed under: Banking, Credit Crunch, Economy, FDIC, Insurance, Interest Rates, Investing, Saving, economics | Tagged: Assets, Bank Deposits, Banks, business, Checking Account, FDIC, FDIC Insured, Life, Money, Savings, Savings Account, Work | 1 Comment »
Fidelity Investments, Vanguard Group and T. Rowe Price Group said they are joining the U.S. Treasury Department’s guarantee program for money-market funds, meaning all the major fund families will participate in the program. Wednesday is the deadline to join. The program, announced Sept. 19 in the midst of the largest-ever run on money-market funds, is [...]
Filed under: Credit Crunch, Economy, Fidelity, Money Market, T. Rowe Price, Treasury Department, Vanguard, economics | Tagged: economics, Economy, Fidelity Investments, Money Market, Saving, T. Rowe Price, U.S. Treasury Department, Vanguard Group | Leave a Comment »
