Dissecting the FOMC Statement

Kathy Lien| 

Here is my dissection of the March 16 Fed Statement FOMC Statement March 16, 2010 Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing (upgraded “from deterioration in the labor market is abating”). Household spending is... Read »

Geithner Says There is “No Way” the U.S. Will Lose its ‘AAA’

editor| 

Treasury Secretary Timothy Geithner said the U.S. isn’t in danger of losing its gold-plated credit rating, arguing that policymakers just need to show that they have the will and ability to make “tough” fiscal choices. There is “no way” the U.S. is going to lose its ‘AAA’ credit rating, Geithner said in testimony... Read »

EU Agrees to Bailout Greece

editor| 1

It’s official. The EU is set to bail out Greece as key EU partners come to the aid of the stricken Greek economy and take the first step towards European economic governance. According to The Guardian, the EU single currency group has agreed on a multibillion-euro bailout for Greece which will be put up by members of the euro zone. Senior sources... Read »

Feds to Investigate Use of Repo 105 Accounting

editor|Mar 17, 2010, 6:23 PM| 

FBN’s Charlie Gasparino reports that Securities regulators have launched a... Read »

Merkel Says the EU Must Have the Option of Expelling a Member

editor|Mar 17, 2010, 3:59 PM| 

German Chancellor Angela Merkel has called for a mechanism to expel countries from... Read »

Latest News

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  • 11:46 AM Bachus Calls for Inquiry Into Lehman - Rep. Spencer Bachus of Alabama has called for a hearing into a court-appointed examiner's report on Lehman Brot... Read » Comment! 

Is Warren Buffett Right About the Housing Market Recovery?

Q1 Publishing|Mar 17, 2010, 3:43 PM| 

It’s one of the most pressing questions facing investors today. Is the housing market about to recover? With the housing market at the center of the credit crunch, any recovery in the housing market could quickly turn the... Read »

After-Hours Earnings (March 17)

editor|Mar 17, 2010, 3:31 PM| 

» Look for the following companies to release earnings After the Close today – Wednesday, March 17: Abraxas Petroleum (AXAS) Luby’s (LUB) CLARCOR (CLC) Nike (NKE) Guess (GES) Raser Technologies (RZ) Herman... Read »

U.S. 8th in the EIU’s Sovereign Ratings List

editor|Mar 17, 2010, 3:11 PM| 

Sovereign ratings are being closely watched as more governments with greater default risk borrow in international bond markets. A report by Economist Intelligence Unit (EIU) evaluates the risk of sovereign default globally.... Read »

Rogers Says Treasurys and Some China Property in Bubble

editor|Mar 17, 2010, 2:12 PM| 

Legendary investor Jim Rogers seems to be getting a little concerned about China’s property problems. “There are two bubbles in the world – one is in Treasurys, the other is in urban and coastal real estate... Read »

Obama Aides Say Unemployment Likely to Remain High

editor|Mar 17, 2010, 1:34 PM| 

In his joint statement with White House Director of the Office of Management and Budget Peter Orszag, and Council of Economic Advisers Chair Christina Romer to the House Appropriations Committee, U.S. Secretary Tim Geithner... Read »

The Credit Expansion is Over, the Tide Has Turned

Bill Bonner|Mar 17, 2010, 1:28 PM| 1

Financial Times: US Household Debt Falls for First Time Since WWII Yes, dear reader, we have been a voice howling in the wilderness. First the wilderness around the Café des Dames in Paris’s 19th arrondissement…recently... Read »

Fuld & Co. See Vindication in the Lehman Report

editor|Mar 17, 2010, 12:46 PM| 

The NYPost reports that ex-Lehman Brothers (LEHMQ) boss Dick Fuld is feeling “vindicated” in the wake of last week’s 2,200-page report by court-appointed bank examiner, Anton Valukas, who found gaping discrepancies... Read »

The Washington Post Has No Shame

Bruce Bartlett|Mar 17, 2010, 12:02 PM| 

This morning’s paper carries an op-ed criticizing health care reform primarily on the grounds that it will cost too much. It urges that the plan be sharply scaled back so that it will get bipartisan support. If this... Read »

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