News on the health of the economy.

From Ordering Steak and Lobster, to Serving It

It is extremely sad to see the way the underemployed are not even considered in the evaluation of the health of our economy.

The Working Millionaire

Once upon a time, a million dollars used to be the one amount you had to obtain to be considered rich. That is not the case anymore; in fact, a million dollars will just get you out of the "working middle class" category.

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Fed's Kohn Says Economy Showing Signs of Stabilizing

Could this be the bottom? What if more banks fail? Has anyone heard of the eye of the storm? also check out my blog!

Recession Turns Malls Into Ghost Towns

High profile closings like this will have a future negative effect on the mind of the consumer. I have started a blog on our current economic realities, please come check it out. Leave your feedback once you read the entries.

On Consumers and Credit

Not so long ago we experienced one of the biggest financial expansions in American history. Credit was not only easily and readily available; it was also cheap.

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Options Trader Wednesday Outlook: Happy Fed Day

Fed days are always great fun.

Reflections on Our Toxic Waste

In the same manner we handle toxic waste, we will handle toxic assets: we will bury them in a bad bank for 20 years and forget about them until better times arrive. This is the current world plan to jump-start our economies and credit markets; however, this plan has no future.

Reflections on Our Toxic Waste

In the same manner we handle toxic waste, we will handle toxic assets: we will bury them in a bad bank for 20 years and forget about them until better times arrive. This is the current world plan to jump-start our economies and credit markets; however, this plan has no future.

Continue reading this entry ...

Obama in Credit Cards

Credit cards seen as the next credit crunch (M. Whitney)

Bush Unveils Plan to Aid Homeowners - WSJ.com

HSBC Becomes First Bank To Bail Out Troubled SIVs - WSJ.com

Here we go, the credit crunch gets tighter.

Up and Down Wall Street - Barron's Online

A true representation of the dismal losses that will appear after the FASB rule 157 takes effect.

Foreclosure USA By Joel S. Hirschhorn

simply put, the truth.....

Fed Cuts Rates by Half Point To Counter Freeze-Up in Markets - WSJ.com

Time to celebrate the availability of cheaper money for borrowing!

Report to Investors on Possible Fed Policy

At the time of this report, we find our economic situation in a state of turbulence as the current economic slowdown significantly raises the risk of the United States entering a recession.

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Market Soars As Fed Cuts Interest Rate

In a bold strike, the Federal Reserve slashed a key interest rate by a half point on Tuesday — the first cut in over four years — and left the door open to further relief to prevent a painful housing slump and jarring credit crunch from driving the country into recession.

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Economists Abuzz on Interest Rates

Is the long wait coming to an end for borrowers who would like to see interest rates go down?

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Are We Headed Towards a Recession? - Seeking Alpha

Former Subprime Leader Ameriquest Closes

Ameriquest Mortgage Co., once the nation's largest subprime lender, will close with barely a whimper, after the other assets of its parent company were sold Friday to Citigroup Inc.

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Freddie Mac 2Q Earnings Slide 45 Percent

Freddie Mac, the nation's No. 2 buyer and backer of home mortgages, set aside more than $300 million in the second quarter to account for bad loans, contributing to a 45 percent drop in profit.

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Dow Off 167 Points in Late Swoon - New York Times

The disquiet on Wall Street showed no signs of letting up as the Dow industrials closed below 13,000 for the first time since April and the S.&P. 500 erased its gains for the year.

Amgen to Cut Up to 2,600 Jobs

Biotechnology company Amgen Inc. said Wednesday it will cut up to 14 percent of its work force and has lowered its profit guidance because of slimmer than expected sales of its anemia drug Aranesp.

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About Jorge A Avila

Articles Posted: 6
Links Seeded: 18
Member Since: 6/2007Last Seen: 6/05/2009

Perhaps the most important thing about me is that I live to analyze news from an economic viewpoint.

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