Posts under ‘The Fed’

Stocks tank again. Mortgage interest rates hit a record low. The stratification of society gets worse, Solyndra looks to become a poster child for govt waste.

Q 2 GDP gets cut to just 1%. Bernanke expects it to pick up in the 2nd half, don’t hold your breath. More stimulas but no QE 3, will see how long that lasts.

The Richmond Fed drops 9 points to -10. New home sales and prices fall in July. Wall St. doesn’t invest its own money like its clients. Blankfein lawyers up.

Mixed economic data to begin the week. The muck slinging involving the credit ratings agencies continues. The banks actually got 1.2 Trillion in bailouts.

Stocks plunged again on fears of a double dip after disappointing economic data. The Justice Dept investigates S&P over its MBS ratings, better late than never.

Reg FD encourages companies to beat the number, in collusion with the analysts. Rolling Stone alleges institutional corruption at the SEC encouraging fraud.

Household debt slips to 11.4 trillion in the Q-2. The NAHB Index was unchanged in August at 15. NY Fed Index records a 3rd negative month in August at -7.7.

Stocks plunge again as Treasuries and Gold march higher. The Fed promises to keep interest rates low, meaning deflation as we follow in japan’s footsteps.

Credit rating agency Standard and Poors cuts Uncle Sam’s rating to AA+, stocks plunge, August has its worst start ever. Congress points fingers.

July ISM Services Index slips to 52.7, prices down 4.3 to 56.6, New orders up to 51.7. Once again inflation is driven by commodities and energy speculation.