SeriousBull

Will we learn from the lessons of the past?

Tags: Ambac + FDIC + Interest Rates + MBIA + Treasury

Federal Reserve Chairman Bernanke responded appropriately to again lower the Federal Funds and Discount rates yesterday in an effort to thwart bank failures—creating generous loan spread to boost bank profitability. By again

January 31, 2008 - Politics - 0 Comments

Loose-Loose or Cap Credit Card Rates?

Tags: Credit Card + Federal Funds + investing + Markets + Stocks + Treasury

The Federal Open Market Committee faces a perplexing deliberation over the next 36 hours. They have backed themselves into the corner and either must again cut interest rates just after last week’s emergency 3/4 percent cut to maintain the market’s momentum, or they must act prudently to hold the line disappointing the market and suffer […]

January 29, 2008 - Markets, Politics - 0 Comments

State of Denial?

Tags: Economy + investing + Markets + Treasury

President Bush gave his Annual State of the Union address last night and as expected offered reassurances that the broadly diverse US economy would weather any fallout from the present credit crisis. To provide greater confidence that the economy will not slow too much he asked Congress to” trust

January 29, 2008 - Markets - 0 Comments

When will the Sub-Prime Crisis be over?

We will know when the sub-prime credit crisis is in the 7th inning when pension plans and endowments realize losses. We will know we are in the 8th inning when Ginnie Mae begins reporting its losses from guaranteeing pools of mortgages and realizes it has had its pocket picked. And we will know we are in […]

January 24, 2008 - Politics - 0 Comments