ARCHIVED BLOG POSTS
2008
The Dow Jones Industrial Average officially entered 'bear" territory today after falling nearly 4% in the past two days alone to settle at it's lowest point in nearly two years. Concerns over the credit markets in general, and banks in particular, combined with yet another record for oil has the ...
06/27/2008
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Comments
One has to be sympathetic to the conundrum the Federal Reserve's Open Market Committee finds itself in this week. The Fed knows that surging energy and food costs have finally begun to drive up prices at the wholesale and consumer levels and that continued monetary policy stimulus is likely to f...
06/25/2008
Over the past six weeks, thirty year mortgage rates have risen by nearly 50 basis points from around 5.75% to 6.25%. This is indicative of the general concensus that the Federal Reserve is finished lowering rates and is increasingly wary of inflationary pressures on the economy. This has sent the...
06/04/2008