Bernanke steals OPEC’s power

OPEC is meeting to discuss a major production cut. It’s goal is to boost prices back to the $75 level it deems fair. What it does not realize is the Federal Reserve has much more power than the cartel could ever dream of. Prices may rise, but it will not be because of an OPEC [...]

The real estate industry gets a favor from Bernanke

The real estate industry just posted its strongest week in years. It is all thanks to the Federal Reserve and its latest stimulus program. Now is the time to buy real estate. Interest rates have not been this low for a long time. By Andrew Snyder, TodaysFinancialNews.com Baltimore – (TFN): Well look at that. Government intervention is [...]

Election-year economics: Another stimulus package?

Capitol Hill is at it again. As if spending over a trillion dollars was not hard enough on the federal budget deficit, our left-leaning leaders want to throw even more free money into the economy. If you want a healthy economy, do not cash those checks. By Andrew Snyder Baltimore – (TFN): I used to think [...]

ETFs: The real reason for the Fed’s AIG bailout

“We can’t say we’re surprised. While workers at Lehman might feel somewhat aggrieved, it seems the Fed decided that AIG really was too big to fail.” — John Stepek Blogger’s note: So why would the Fed bailout AIG after leaving Lehman Brothers hanging only days earlier? The real reason, according to John Stepek of the [...]

Playing Bluffmaster with the U.S. banks

“I can see Morgan Stanley on one side… Citigroup, and Lehman are there too. And they are all bluffing about what they’re holding, and everyone playing knows it.” — Charles Delvalle by Charles Delvalle Baltimore — (TFN):  Every time I think about the world financial system, I keep coming [...]

IndyMac (IDMC) First of Many Banks to Fail

“Don’t let the name ‘regional banks’ fool you. We’re talking about some of the biggest banks in the US. The reality is that regardless of how much money the U.S. government pumps into Freddie and Fannie, the U.S. financial system is in big trouble.” — John Stepek Blogger’s note: The Fed may have decided that Fannie [...]

The Fed’s Secret Weapon

“The latest genius might be just what the U.S. Federal Reserve needs to restore order around here: She might even be able to bring credibility back to the global financial markets.” — Keith Fitz-Gerald by Keith Fitz-Gerald Baltimore – (TFN): Every market cycle has its genius. Even a market cycle as wild and [...]

Dollar Bear: The Fed Can’t Fight Inflation

“In announcing ‘no change’ in rates yesterday, the Fed pretends that its policy is perfectly calibrated to deal with the current economy. In reality however, the Fed is pinned down by a cross fire of inflation and recession.” — John Browne by John Browne Baltimore – (TFN): Cheerleaders will face [...]

Can the Fed Stop Inflation?

“Soaring inflation means the credibility of the legal tender in your wallet is being called into question. In other words, does your dollar really have any value?” — Jack Crooks by Jack Crooks Baltimore – (TFN): All over the world, everyone from market analysts to your average grocery shopper has been buzzing about inflation lately. [...]

Dollar Bear: More Fed Means Less Money for You

“What few economic leaders have acknowledged is that the Federal Reserve itself is responsible for the real estate and credit bubbles, which are the source of our current troubles. By keeping interest rates too low for too long, the Fed ignited a speculative fever and engendered a [...]

New York Is in Trouble & So Is the Rest of the U.S.

“Whether the rest of the country likes it or not, both Wall Street and Washington place enormous confidence in the predictive powers of the Federal Reserve Bank of New York’s Empire State Manufacturing Survey.” — Adam Lass by Adam Lass Baltimore — (TFN): As goes New York, so goes the nation. That motto may seem like typical NYC [...]

Oil Is the New Gold Standard

“The Fed can no longer cheat with the money supply and get away with it. There is a new gold standard and it’s called ‘oil.’” — Byron King, Whiskey and Gunpowder by Byron King Baltimore – (TFN): Oil has become the “anti-dollar” of modern times. Oil is now serving as the [...]

Oil Prices Jump Higher on EU Warning

“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet by Stephanie Grimmett Baltimore – (TFN): You can blame a frenchman [...]

Lehman Brothers (LEH): The next bank in need of a bailout?

“Most of Wall Street’s moneymaking machines have shut down. Mortgage-securitization activity has gone kaput, while IPO and M&A activities are sputtering. Even worse, Billions of dollars of future writedowns and losses are still buried inside Wall Street’s balance sheets.” — Dan Amoss by Dan Amoss Baltimore – (TFN): Since [...]

Dollar Bear: Fundamentals still favor gold

by Peter Schiff Baltimore — (TFN): With what many have described as a flash of monetary discipline worthy of Paul Volcker, Ben Bernanke reduced short-term interest rates this week to a mere 2%, apparently turning a deaf ear to those on Wall Street who wanted more. But now that the dollar-crushing side effects of cheap money [...]

Recession 2008: GE’s Warnings Show how the Crisis is Spreading

By John Browne, Euro Pacific Capital - Senior Market Advisor Baltimore — (TFN): Last week, General Electric — one of the finest companies in the world and an American icon — announced a major fall in earnings. Amazingly, the bad news surprised Wall Street. GE shares fell 13 percent in a single day. Some surprise! GE is [...]

Dollar Bear: Hyperinflation meets the next Great Depression

“Although Bernanke may have spent much time studying the Great Depression, his understanding of it is anything but sound. That epic “slowdown” resulted from a series of policy mistakes, first by the Federal Reserve and then by the Federal Government. Bernanke believes these mistakes were simply not large enough.” — Peter [...]

This Week’s Financial News: Bernanke takes to the tightrope, the carry trade’s in trouble and Christoph’s a Democrat

“Now that Congress is getting involved, we should see some decisive action, a clear and easy solution to eliminate the financial collapse now knocking on our doors… and if you believe that, I’ve got these great banking shares to sell you.” — Stephanie Grimmett by Stephanie Grimmett Here at Today’s Financial News, we spent the [...]

Gold Prices: Bernanke goes for the gold

“(The Fed’s) message has been, more or less, that money grows on trees, which is why Ben Bernanke’s moniker, ‘Helicopter’ Ben, is catching on with the press. Gold bugs could not be more thrilled. Just recently, I wrote that we are seeing the best of all worlds for gold [...]

U.S. Market Crisis: Paulson saves the day

“Senators, representatives and presidential candidates have been busy calling for more government oversight of the financial industry. And maybe Congress will settle on Paulson’s idea as its “savior” in the current camera-mugging opportunity. It could actually save money and provide a simpler system for companies trying to follow the ornate business laws already in place [...]

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