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Oil prices leapt higher on Thursday in a surge that took traders by surprise as the dollar tumbled against the euro and the rally drew in fresh investor cash following this week's sharp losses. New York's main oil futures contract, light swee
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The absurdity is not $5 trillion coming back on bank balance sheets. Rather the absurdity is with accounting rules that let banks hold this much stuff off balance sheets in the first place.
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This chart speaks for its self.
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This nonsense is what happens when an academic meets the real world. That Bernanke can't distinguish between monetary printing and savings is quite telling.
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``If you are a bondholder in one of these Wall Street firms, you know you have a big `Sugar Daddy' now called the Federal Reserve that's going to back you up,'' said Jeff Pantages, chief investment officer of Alaska Permanent Capital
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By bailing out Wall Street and applying "band-aids" to the economy, the U.S. Federal Reserve may well be causing its own downfall - even as it hastens the demise of the greenback as a viable global currency, investment guru Jim Rogers...
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These massive U.S. dollar holdings also give China the ability to influence the U.S. currency. The Chinese have a keen understanding of the concept of leverage, and can use these reserves to maintain their current trade advantages.
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Moves by the likes of the United Arab Emirates and Saudi Arabia to diversify their foreign exchange holdings out of dollars would amount to a vote of "no confidence" in the dollar and may cause other countries, to follow suit and begin dump
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"The financial crisis that we now face was created by design. It is intended to destroy the labor movement, crush the middle class, quash Medicare, Medicaid and Social Security, reduce our foreign debt by 50 or 60%, force a restructuring of Amer
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Take a look at this chart and ask yourself if banks are in more trouble than the Federal Reserve is ever going to tell you.
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Take a look at this chart and ask yourself if banks are in more trouble than the Federal Reserve is ever going to tell you.
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Federal Reserve Chairman Ben S. Bernanke asked Congress to give the Fed immediate authority to pay interest on reserves deposited by commercial banks, seeking to streamline efforts aimed at alleviating credit strains.
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On the 75th Anniversary of the death of the gold standard ... it is time to cash out.
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Sweeps month. Who ya gonna call for the economy? Da doctor.
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This could be interesting - everyone withdraw your money on June 5th from the banks and hold it for 10 days. Maybe we can all be labeled financial terrorists!
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Does the dollar remain in danger? Could "the rope slip" and the world's pivotal currency still go into freefall? That would plunge America beyond recession and into depression - as inflation ballooned amid soaring import costs, forcing
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Federal regulators made the third closure this year of an FDIC-insured bank closing ANB Financial National Assoc. banks after discovering "unsafe and unsound" business practices. ANB Financial had about $2.1 billion in assets and $1.8 billi
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The Bush administration will be ready to accept requests for emergency student loans from state guaranty agencies under a program to stabilize the $85 billion student loan industry. With fallout from the subprime mortgage crisis threatening to trigge
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Includes a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble. Writes Greenspan: "There is no perpetual motion machine which generates an ever-rising path for the prices of h
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Alan Greenspan said. A "break in prices of existing homes would pull down the prices of new homes to the level of construction costs or below, inducing a sharp contraction in building," he wrote in the thesis that earned him a well-deserved
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This is THE MOST POWERFUL expose I have ever heard on the Federal Reserve ->it will blow you away<-[ED] containing an amazing sermon given in Sept 2003 by Pastor Rod Parsley at Breakthrough Church in Columbus Ohio. This powerful presentation by Pasto
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The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks. The Fed said it was boosting the amount of emergency reserves it supplies to U.S. banks
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The chairman of the Federal Reserve has suggested that Congress revisit the issue of government subsidies to student loan providers. Recent student loan market problems stem from many causes, including cuts made in lender subsidies.
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Gulf states are considering dropping their pegs to the dollar after the U.S. currency's decline stoked inflation across the region, Kuwaiti Finance Minister Mustafa al- Shimali said.
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Add another ailment to the U.S. misery index of soaring gasoline and wheat costs and falling home values: a federal deficit that is burgeoning as foreign investors led by the Japanese recoil from the slumping dollar.
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Headlines notwithstanding, this was not a "bailout" in the most widely understood sense of the word. Bear Stearns lasted barely a full trading day between the Fed’s action and the announcement of the acquisition by JPMorgan at $2 (later rai
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While visiting my Brother-in-law and his family my wife Donna and I were trying to help my niece with her 'Federal Reserve Homework'. I think we would get a bad grade from the teacher. Take a look and see why.
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US bank failures could rise above 'historical norms' as a weakening economy puts pressure on badly underwritten loans, particularly in commercial real estate, says John Dugan, who oversees 1,700 national banks as comptroller of the currency,
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Washington is happy to watch the dollar slide. "They are not going to worry unless there is a knock-on effect on US equity or bond prices. So far that hasn't happened. There are no signs that the dollar decline has turned disorderly," h
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Trying to solve the financial industry's structural problems with more interest rate cuts would only worsen the situation by raising inflation, Dallas Federal Reserve Bank President Richard Fisher said. "I have maintained a strong reluctance
