The market losing streak has finally been broken on all 3 major indices after losing 10% in the last 6 days. And they seem to come back in a pronounced bounce. The main reason was because of the Federal Reserve intervention. That is positive news in the sense they are aware of [...]
NEW YORK (CNNMoney.com) — The Federal Reserve, reacting to concerns about the subprime lending crisis that have rocked financial markets in recent weeks, Friday cut its so-called discount rate half a percentage point, to 5.75 percent.The discount rate, the rate the Federal Reserve charges qualified lenders, mainly banks, for temporary loans, is largely symbolic. The [...]
I just watched this documentary and realized why the war costs so much. Whenever we hear President Bush asking for more funding for the war for billions and billions of dollars, you wonder where the money goes to. The military is still complaining of not having basic supplies. Those 2 things contradict [...]
Recent Comments