Tag: rate cut

 

European banks cut prime rates: Too little, too late!

Published on November 6, 2008

The Bank of England and the European Central Bank slashed their respective interest rates. The Bank of England cut the rate by a huge 1.5 percentage points, the ECB remained true to its timid self by cutting a mere 0.5 percent.

Market washout: Morgan Stanley (MS) and National City (NCC) won’t play along

Published on October 8, 2008

The equities market is holding tough today thanks to interest rate cuts. Companies like Morgan Stanley (NYSE:MS) and National City (NYSE:NCC) are making gains. But is it really good news?
By Andrew Snyder
Baltimore – (TFN): The Federal Reserve has been working overtime, yet the markets are not respecting its hard work. It is the sign [...]

A Modest Proposal: Why give a tax rebate when you could offer “Economic Stimulus Cards” instead?

Published on January 25, 2008

'For those who want to engineer spending, the problem is that the people who receive the funds may not decide to spend it immediately, if at all. They may, god forbid, elect to pay down existing debt or most perniciously, actually save it instead. Just recently, the Treasury Department launched a program to streamline Social [...]