To follow on my previous post, the Financial Times, a few days ago, led with an interesting front-page story: “Hoarding by Banks Stokes Fear of Crisis.” Basically, the article explains that banks have not lowered the rates that they charge each other when lending and borrowing to/from each other. I’m sure that there is good […]
If we are to be steered by CBS Marketwatch, one columnist says his friend, a professor emeritus of economics, says to expect interest rates to rise as fast as they have fallen in order to counteract inflation.
If we are to be swayed by an article posted in the Financial Times, the Japanese are buying US […]
Generally, the reaction seems to have been positive, initially. Major indices rose and positive movement was seen in most key sectors. The dollar rose, slightly, versus most foreign currencies. Yet, the Greenback is still trading below the 100 Yen mark, in Japan. Technical indicators seem to point north, however. Let’s see how this pans out.
I’m […]
Boy, has this been an eventful couple of months! And the latest weekend move by the Fed to support Wall Street, in conjunction with the Junior Fed (JP Morgan)…. what a surprising way to deal with Bearns Sterns. Let’s see how the rest of the world of finance reacts.
It’s times like these that really show […]
