Ahead of the G7
Ahead of the G7
This week’s meeting of G7 ministers comes during a time of extreme stress in the financial system. The media is already preparing us to see a G7 which in their view is not presenting a “unified” response to the situation. A “unified” response (as far as the media is presenting it) would […]
Stocks Mostly Lower ahead of Bernanke/Dollar Weakens
Stocks Mostly Lower ahead of Bernanke/Dollar Weakens
Stocks were mostly lower Tuesday morning ahead of a speech from Federal Reserve Chairman Bernanke scheduled for 13:15 EDT. Stocks got a boost at the open as the Fed announced a new lending facility designed to purchase commercial paper, which means the Fed is now making unsecured loans directly […]
Stocks Trade Lower ahead of Senate Vote/Dollar Gains
Stocks Trade Lower ahead of Senate Vote/Dollar Gains
U.S. equity markets were moving lower as investors await the results of the Senate’s vote on a modified bailout plan. Several new parts have been added to the bill in the hope of receiving support for the overall package in the House.
The Senate bill temporarily allows the FDIC […]