Fed Slashes Interest Rate!

The Fed slashed the interested rate used to lending to banks to 1 percent on Wednesday. Just this month alone the interest rate has been cut by a full 1 percent. The interest rate hasn’t been this low in five years. The interest has never been as lower since 1958. So we’re pretty close to seeing history if there’s another interest rate drop. The man in charge is Federal Reserve Chairman Ben Bernanke. I was reading that he and his colleagues stated that they would “monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability.” And I believe he will do as he stated. This cut is showing that the markets at close to the bottom and are ready to come up. Look what happen when the rate was reduced, the Dow dropped? But now it’s on its way back up, and could stay up for the next few days. Who knows, the bottom could have been reached and now it’s on the rise. I sure hope so, I done with it being down.

Tags: Fed, Interest Rate

Stocks On The Rise!

It seems that the credit market has finally thawed somewhat. Today on Wall Street the Dow industrial average rose by more than 413 points. The rise of Wall Street was mostly because of the rest of the world markets showing decent increases in their market value. And also of speculation that Federal Reserve Chairman Ben Bernanke will cut interest rates again. And also let’s not forget the bargain shoppers, there were some pretty good deals today. Anyway this is just a spark; we still need a pretty big fire to get this economy moving again. Hopefully tomorrow will show similar results by week’s end. I would really like to see the Dow back above 10,000 points.

Tags: Ben Bernanke, Dow Jones industrial average, Stocks

Wall Street Fluctuating!

The Dow Jones industrial average opened today down 250 points. And the main reason for this was that the government said new home construction dropped, which was more than anyone had expected. They also said that this is the lowest since early 1991. No kidding, no one is able to get a loan to buy a home. And on top of that, if you’re a homeowner your home is own in value. Did they really expect any good news coming out of the housing market? And on top of everything else going wrong who really has any money left to buy a home with. With Wall Street losing about $2.4 trillion in shareholder wealth. The wild rollercoaster ride the Dow Jones industrial average has given us is unbelievable. I’m hoping for a good day on Wall Street today. I will take any dollar amount in the green. At this point for Wall Street, a plus day is a good day.

Tags: Dow Jones industrial average, Wall Street

Asia Markets!

If anyone has any concerns right now about the Asian markets their way down. It seems that the Asian markets are having huge selloffs right now. This is no longer an American problem, as some had thought the past. It’s a global world problem and we all need to work this out together. Around the world jobs are being lost in the thousands, and people or even being forced to take pay cuts and having their job descriptions reduced to take a lesser pay. These are really hard times for everyone, and I mean everyone, we all need to come together. Hopefully tomorrow will be a much better day for all of us. And I really hope no bad reports on the economy or any specific industry comes out.

Tags: Asia Markets