According to Reuters "the Federal Reserve will cut interest rates by 100 basis points before June to help the housing market, Citigroup’s (C) chief economist, Lewis Alexander, said on Monday." Douglas A. McIntyre
Fred Smith, the long-times CEO of FedEx (FDX) thinks that the global recession can’t be avoided. The American economy is not growing, and its multinational companies won’t find enough business outside the US to…
Reuters is reporting that "Gross domestic product climbed at a revised 4.9 percent annual rate instead of 3.9 percent reported a month ago. It was the strongest quarterly growth rate since the third quarter…
It is always a wonder when the markets go from horrible to wonderful in two mere days. If you asked traders, institutions, and brokers last week (or even Monday) what to expect, you would…
U.S. consumer confidence sank in November on growing concerns about the future, the Conference Board reported Tuesday. The consumer confidence index fell to 87.3 from 95.2, well below the 90.2 expected by economists surveyed…
The good news is that Goldman Sachs (GS) believes that the "U.S. Federal Open Market Committee to cut interest rates to 3% by mid-2008, down from its earlier forecast of 4%," according to MarketWatch.…
Well, the beloved inflation rates aren’t yet going through the roof if you trust the FOMC and the closely watched CPI. The Fed gave a stable inflationary outlook for 2008, along with a slower…
Oil is not at $200. It trades just below $100, and there are some reasons it could drop. The economies in the US and Europe are probably slowing, which should bring down demand. China…
The FOMC gave its first of its quarterly outlooks for the years ahead: The FOMC now sees slower GDP growth, raised unemployment, and somewhat reduced inflation. Real GDP Growth expectations have been shaved to…
According to Reuters "a survey conducted by the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA) found that 35 percent of U.S. adults surveyed plan to spend less during the…
GE (GE) is telling the US government that nuclear power facilities are not going to be built fast enough to help the country with its energy crisis, unless the Fed put some incentives on…
The $650 billion Abu Dhabi Investment Authority is planning to move more if its investment capital into emerging markets. Its management believes that countries like India and China have more growth potential than the…
Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies, Jan Hatzius, chief economist at Goldman (GS) in New York wrote in a…
The FOMC under Bernanke is now saying that it wants to increase its communication to the public and will increase its public forecasting from twice per year to four-times per year. This pertains to…
The term "perfect storm" is overused by writers who have no other way to describe a disaster. Leaving that aside, the news from the last day would appear to indicate that a recession is…