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Bitcoin Cash: $ USD
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If you think paying 50 cents on the dollar is a smart move, when something is worth 25 cents, go for it. Better yet, call me. I have tons of it.
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McCain really seemed to have no clue what Ron Paul was talking about when Paul asked him a question about the President's Working Group on Financial Markets—the so-called Plunge Protection Team—consisting of the Treasury secretary, the Fed chairm
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Platinum raced to a series of record highs as mine stoppages in South Africa sparked a fresh wave of investment. By 12.53pm, platinum was up at USD1,688 per ounce against USD1,551, having earlier hit a record USD1,697 an ounce.
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Retirees living off Social Security are frustrated that they won't get tax rebate checks through a bipartisan economic stimulus package before the House. Senate Democrats Friday began efforts to include them. [I just have to laugh or cry.]
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"People have been drawing home equity out of the houses at a rate of $700bn or $800bn a year. It's been a huge boost to consumption, but that game is now up. House prices are going to continue falling...
"People have been drawing home equity out of the houses at a rate of $700bn or $800bn a year. It's been a huge boost to consumption, but that game is now up. House prices are going to continue falling...
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Recent US immigration trends show leveling and, in some cases, declines in foreign-born persons as a percentage of the total population. [.pdf of study that includes a good look at upward mobility of immigrants vs. the US population]
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The automaker has shut or is scheduled to close 10 North American plants following $15.3 billion in losses since 2005 and 12 years of declining sales in the U.S.
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The median sales price fell 6 percent to $208,400 from December 2006 and was down 1.4 percent for all of 2007 from the previous year.
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It’s quite amusing to watch U.S. officials, presidential candidates, and mainstream-media types presenting plans to “revive the economy.” They all operate on the assumption that a recession, like terrorism, is some sort of mysterious disease that per
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Ambac and MBIA, the two largest bond insurers in the world, are careening toward collapse.
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The fact that we did not modernize or replace our capital assets is one of the main reasons why, by the turn of the 21st century, our manufacturing base had all but evaporated.
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Federal Reserve Chairman Ben S. Bernanke has decided inflation concerns have faded enough to let him cut interest rates further and faster to keep the U.S. from tipping world economies into recession.
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SunTrust Banks Inc.'s fourth-quarter net income fell 98% as the company recorded a higher-than-expected $555 million in write-downs and reported soaring credit costs.
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The Saudi monarchy once depended on the U.S. to protect its reign and its oil from foes like Saddam Hussein. These days, President Bush needs the world's biggest exporter of crude more than it needs him. With oil at about $90 a barrel, the U.S. e
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The latest deficit projections from the Congressional Budget Office forecast a sea of red ink that will only deepen under plans to jump-start the economy with tax cuts and government spending.
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From the Fed's Flow of Funds report, household real estate assets totaled $20.99 trillion at the end of Q3 2007. So a 30% decline in prices would reduce "housing wealth" by about $6 trillion.
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Last quarter's default numbers were a record in 42 of the states 58 counties.
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As I've noted before, one of the greatest fears for lenders (and investors in mortgage backed securities) is that it will become socially acceptable for upside middle class Americans to walk away....
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Bank of America Corp.'s fourth-quarter net income fell 95% as the company recorded a higher-than-expected $5.28 billion in collateralized debt obligation write-downs and said credit costs soared.
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"Some people think there's going to be a deep fall off a cliff" because of a potential recession in the U.S., said Lawrence Peterman, investement director at Eden Financial, a London-based stockbroker.
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U.S. stock futures seesawed Tuesday after the Federal Reserve, responding to a growing financial market crisis, slashed interest rates 0.75 percentage point. The Dow Jones industrial futures were fluctuating violently an hour before the start of t
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Gold slipped to a 3-week low in choppy trade on Tuesday as unfavorable currency fundamentals, falling oil and struggling stock markets prompted investors to continue taking profits from last week's record high.
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Wall Street was expected to plunge at the opening of trading Tuesday, extending its huge losses from last week and taking more cues from heavy selling that has spread throughout the world. The Dow Jones was set to fall by 500 points when trading begi
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Pimco's Paul McCulley on the need for a rate cut by the FED. "Sometimes when you are ill, you make an appointment with your doctor; other times, you go straight to the emergency room. Now is an other time...
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In a remarkable paper posted by the Federal Reserve of St. Louis, authored by a Boston Univ. Prof Kotlikoff, it is revealed in blunt, powerful language that the era of borrowing and spending without consequence may soon come to a close.
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These two charts give a very accurate picture of bear market corrections going back all the way to the Great Depression. The average bear market correction was -25.6%.
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I have been telling everyone for weeks "Markets do not crash from overbought. Markets crash from oversold. It's a low probability event but one guaranteed to eventually happen." This could be the start of one. .... Mish
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One of Britain's biggest property funds was forced to shut its doors to withdrawals yesterday after the slump in commercial prices triggered panic selling by small investors.
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The US had been looking to the UK for inspiration. The drift of initial public offerings away from New York, coupled with fears about the overall competitiveness of US capital markets, had sparked unprecedented debate over the structure of financial
