As if the dollar didn’t need any more downward pressure: Reuters is reporting that New York shops are now accepting Euro’s. This after Dawn Bennett, a couple of days ago on Bloomberg, mentioned talk of dual currencies in the future.
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Archive for the ‘News’ Category
“Euros Accepted” signs pop up in New York City
Posted in Currency, Euro, News on February 7, 2008 | Leave a Comment »
Kleintop of LPL Expects Stocks to Rally `Fairly Quickly’
Posted in Bull Market, News, Video on February 7, 2008 | Leave a Comment »
February 6 (Bloomberg) — Jeffrey Kleintop, who helps manage $237 billion as chief market strategist at LPL Financial Group, talks with Bloomberg’s Brian Sullivan from Boston about the outlook for the U.S. stock market, comparisons between the current environment and the market situation in 1998, and some of Kleintop’s industry picks. (Source: [...]
David Tice Sees `Dramatically Lower’ Stocks in 5 Years
Posted in Bear Market, News, Video, tagged Bear Market on February 6, 2008 | Leave a Comment »
Moved to www.subprimeinsight.com. Come check us out.
Jim Cramer challenges ‘laissez faire’ government
Posted in Jim Cramer, News, tagged Capitalism, Economy, Jim Cramer on February 5, 2008 | 2 Comments »
Jim Cramer visited my school a couple of days ago and delivered this passionate speech (45 Minutes, click on the link to listen to the mp3):
Jim Cramer challenges ‘laissez faire’ government
Although I always had a feeling I’d like the guy in person, I never quite realized how much we had in common.
Here’s the [...]
Fed Cuts Discount Rate to 3.5%
Posted in Federal Reserve, News, tagged Federal Reserve, News on February 3, 2008 | Leave a Comment »
After deciding to cut the Fed Funds Rate to 3.0% on Wednesday, the Federal Reserve bank has slashed the discount rate to 3.5%. While the Fed Funds Rate determines the rate that banks can charge one another for borrowing money, the discount rate controls what the banks get charged after directly borrowing from the Fed.
Fed’s [...]
