"Can the collapse in oil prices save the economy from recession? Sadly not. The rising oil price was a symptom, not a cause, of the unchecked global boom that lead us here. And the fact that it’s falling now is merely a sign that we’re already in the grip [...]
“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 [...]
“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 [...]
Tags: bernanke, central bank, dollar, ecb, eu, euro, european union, Fed, inflation, interest rates, jean-claude trichet, oil prices, paulson, treasury
“Since the beginning of the U.S. credit crunch last August, U.S. indices and even some of the international indices have taken a nosedive. Investors are getting antsy watching their portfolios shrink.” — Krista Das
Baltimore – (TFN): The following was taken from the April 4 Market Insights video with Krista Das [...]
Baltimore — (TFN): Since the beginning of the US credit crunch last August, US indices and even some of the international indices have taken a nosedive. Investors are getting antsy, watching their portfolios shrink.
When can we profit from US stocks? Martin Hutchinson reveals how to determine the end of the credit crunch [...]
“But according to the Bank of England’s latest quarterly Credit Conditions survey, over the next three months lenders expect to cut lending further, raise charges, and be more demanding on terms, such as hiking deposit levels, for example. So it’s little wonder that the IMF reckons Britain [...]
"The current mess did not result from a failure of the free market, but from too much government interference. The real estate bubble, and the shaky securitized products it spawned, resulted from the Fed artificially setting interest rates too low." — Peter Schiff
by Peter Schiff, Dollar Bear
Baltimore – (TFN): Now [...]
Tags: bear, bear stearns, bernanke, dollar, Fed, inflation, interest rates, jp morgan, mortgage, speculation, treasury
"Even more troubling than the mortgage crisis is the havoc it is creating in the bond market. Borrowers and lenders that depend on the usually highly liquid and safe municipal bond market are suffering from a market that seemingly dried up overnight. " – Andrew Snyder
By Andrew Snyder
Baltimore (TFN) — Every major economic downturn in this nation's [...]
"The feds try to artificially increase the supply of cash and credit… so as to avoid correcting mistakes." — Bill Bonner.
Blogger's Note: Our friend Bill Bonner of The Daily Reckoning published a good article on the current credit crisis. Bill has some interesting things to say about the U.S. market situation and the [...]
Tags: Bank of england, Bill Bonner, central bank, credit crunch, credit meltdown, daily reckoning, dow, federal reserve, interest rates, market downturn, pumping money, subprime default, subprime meltdown, the fed
"The hope that this additional credit will somehow alleviate the problems in the U.S. housing market is extremely naïve. Virtually none of this newly created credit will find its way back into the domestic mortgage market." — Peter Schiff
by Peter Schiff, EuroPacific Capital
Baltimore — (TFN): This week’s announcement by the Fed that it will create [...]