Loose-Loose or Cap Credit Card Rates?

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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 […]

Is a Recession Around the Corner?

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What are the tell-tale signs of Recession? By definition a recession is defined as two consecutive quarters of declining growth in earnings, GDP, or profits. Larry Kudlow, the economist and CNBC market show host, argued this past September that aggregate US tax data showed that some 78% of US Corporate profits are coming from overseas trade and […]

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