Speaking of Warren Buffett..
According to the Reuter’s article “Buffett says Fed avoided chaos in Bear bailout”, WB is to have said:
“I think the Fed did the right thing in stepping in on Bear Stearns,” Buffett said at the annual meeting of his Berkshire Hathaway, Inc. insurance and investment company. “Just imagine the thousands of […]
Federal Reserve
Fed Bailout Consequences
Bernanke Go Bragh
Looks like the Fed is giving out some green for Saint Patrick’s Day.
According to Sunday’s (yes, Sunday) press release:
First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers to provide financing to participants in securitization markets. […]
The Fed Cuts Rates
It looks like the Board of Governors of the Federal Reserve System thinks that the following two objects have finally collided.
After an emergency meeting, the Federal Reserve (FOMC), who’s been telling us that the economy is in good shape, decided to cut interest rates by it highest one-time rate cut in over twenty-years.
Note that this […]
Fed Cuts Rates, Market Drops
Think you got it figured out yet? Right..
After climbing all week based on the expectation of the Federal Reserve cutting rates, the stock markets dropped like a rock today after the Fed did exactly what was expected. They cut the federal funds rate to 4.25 percent from 4.50 percent and also cut the discount rate […]
Has The Dollar Reached Bottom?
It’s been rumored that the Fed has reached a point were they won’t be lower rates again. “Talk” is that the quick response of the Federal Reserve to lower rates has already done it’s job to stimulate the economy. Now “talk” is focusing on the concern not to lower rates so far as to […]