Today was a historic day, for on this day, the US government announced the largest government bailout of a U.S. securities firm. In case you’re not familiar with todays events, Bear Stearns, one of the largest securities firm on Wall Street was teetering on the brink of collapse from a lack of cash yesterday. A [...]

At the risk of sounding like an alarmist I’m going to reveal a few things that’s been bouncing around my head ever since the Fed abruptly dropped rates by 75 basis points that sunny January morning (hey it was sunny in Phoenix). I’m normally not like this, but it hasn’t helped that there are two [...]

The Federal Reserve cut the key federal funds rate today by 0.50%. It is now 3.00% (which makes prime = 6.00%).  Here is a brief snippet of what the Fed said today: Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the [...]