The Federal Open Market Committee met today and decided to keep the Federal Funds Rate between 0% and 0.25%. Below is a quote from a very good analysis on Businessweek:
The FOMC stuck to its target range for the federal funds rate at 0% to 0.25%, and signaled that rates are likely to remain at exceptionally [...]

Marketwatch had an interesting story on how divorce rates have fallen during this economic recession. The article appeared this weekend and quotes a Phoenix area family law attorney Bonnie Booden:

Hitched to the economy
Divorce rates drop as couples realize it’s cheaper to stay together
By Marty Orgel
SAN FRANCISCO (MarketWatch) — The recession and economic turmoil is creating [...]

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Amazing. The Fed cut the target federal funds rate to between 0% and 0.25%. This is a significant event in many ways. Rates can not go further down. Which means the only leverage left for the Feds to influence US Monetary Policy will be through their balance sheets (buying/selling assets etc.).
Below is a [...]

Interesting insights in a report on the MarketingCharts website:
More than one-quarter (27%) of American homeowners say that the current economic environment is causing them to put their plans to buy a new or existing home on hold, according to (pdf) a new Ipsos Public Affairs poll conducted on behalf of Realogy.
Among those who are most [...]

To the rest of the world (from Bloomberg):
Eighteen months ago, U.S. Treasury Secretary Henry Paulson told an audience at the Shanghai Futures Exchange that China risked trillions of dollars in lost economic potential unless it freed up its capital markets.
“An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that [...]

I saw this quote from Alan Greenspan and it made me smirk:
Don’t use Fed as a ‘magical piggy bank’
He’s referring to the recent Federal spending splurge, bailouts, tax payer refunds, the housing bill… the list goes on. That giant sucking sound Ross Perot used to talk about is actually a giant crane sound lifting dollar [...]

If you’re looking for a movie this summer, here is one that you may want to see: I.O.U.S.A “One Nation. Under Stress. In Debt.”  I’ve only seen the trailer, so I can’t say how the movie is, but it certainly looks very interesting:

Movie site: IOUSA

From Bloomberg this morning as stocks tumble:
“This is a systemic financial crisis, there is no end to it,” Nouriel Roubini, professor of economics and international business at New York University, told Bloomberg Television. “It’s a vicious circle between a contracting economy and greater credit and financial losses feeding on the economy.”
President Bush reminds us that [...]

I came across an interesting post at The Liscio Report called “Presidential economics: Do parties matter?” And as I read through it I came across some interesting analysis and I realized there may be come misconceptions about which party really does what. Democrats are believed to be fiscally irresponsible, spenders and Republicans are supposed to [...]

With stocks down 98% from a year ago, rising loan delinquencies and very little liquidity, Indymac, one of the nations top 10 mortgage lenders is done! It’s closing its wholesale and retail operations as well as halting any new locks. At one time IndyMac was a major player in the “Alt-A” market (loans with risk [...]