An Ill Wind Blows For Corporate Debt
Forget mortgage problems. The Wall Street Journal says that corporate debt is running into more trouble. The paper says that "Fitch Ratings says downgrades of corporate bonds rose in the third quarter to $92.1…
Economy
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Newest first · Page 418FOMC Delivers 25/25 Cuts
The FOMC did trim both the Fed Funds Rate and the Discount Rate by 25 basis points each today. There was some dissention among the Fed Governors if you read through the statement. You…
Why The Fed Won’t Cut Rates
The two major reasons given in the media for the Fed to cut rates tomorrow are that fact that the stock market wants them to and that it might help the housing market. At…
Bill Gross Calls For Extreme On Rates (C, CFC, TLH, IEF, TLT)
Bond seer Bill Gross of PIMCO issued his November outlook and is looking for the FOMC not to just need a rate cut this week. He believes that the FOMC will need to cut…
FOMC OCT 2007 Dilemma: Rate Cut Versus Dollar Crisis
We do not have the final numbers in for today, but as of yesterday the 30-day FED FUND FUTURES contract wasn’t deciding IF the FOMC would cut rates. It showed a 100% chance of…
Americans See A Recession (WMT)(BBY)(TGT)
Almost two-thirds of Americans say a recession is likely in the next year and a majority believes the economy is already faltering, according to a Bloomberg/Los Angeles Times survey. That means that holiday spending…
Mortgage Losses Could Hit $400 Billion
According to The New York Times "economists say the troubles in the mortgage market could, all told, cost financial firms and investors up to $400 billion." The figure includes losses in home values and…
DJIA Components 20 Years After The Crash (MO, GM, IBM, MCD, MRK, MMM, PG, UTX) Part 2
Astoday is the 20th anniversary of the 1987 stock market crash, 24/7 WallSt. wanted to go back in time to review how the individual DJIAcomponents held up around the time and how they have…
DJIA Components 20 Years After The Crash (AXP, T, BA, CVX, KO, DD, XOM, GE) Part 1
As today is the 20th anniversary of the 1987 stock market crash, 24/7 Wall St. wanted to go back in time to review how the individual DJIA components held up around the time and…
The High Lay-Off Economy (BSX)(INTC)(CFC)(HPQ)
Workers in industries that are not doing well usually get laid off. But, it is not a good omen when workers in robust sectors of the economy are losing their jobs. Countrywide (CFC) has…
Sept. 18 FOMC Minutes… Showing More Fed Easing Bias?
Minutes of the Federal Open Market Committee from the September 18, 2007 meeting that were released October 9, 2007…. We glanced over the notes and here are some quick standout comments: Unanimous on decision…
Can The Apple (AAPL) iPod Replace Dollar As Global Currency Measure?
Leave it to the Australians. According to Reuters, "one of Australia’s biggest banks, the Commonwealth Bank, has used the latest version of Apple’s (AAPL) music player — the slimline 4GB Nano — to compare…
What Would Recession Do To Already Weak Ad Market?
GM (GM) cut advertising 28% in the first half of the year. The FT writes that Nielsen Monitor reports "overall spending in the first half of the year fell by 0.5 per cent with…
Santa Brings A Recesssion
When the sleigh and reindeer land on roofs across American this holiday, the gift bag will be filled with home heating oil and mortgage bills. Santa is bringing a recession for Christmas. According to…
Oil And Interest Rates: Fixing One Breaks The Other
Low interest rates and low energy costs. That’s the ticket. Get both in place and the economy will roar ahead. Unfortunately, the Fed’s cut in interest rates may be the most important factor in…