Federal Reserve on Interest Rates, Treasuries, and Unemployment

Federal Reserve policymakers ended their two-day meeting of the Federal Open Markets Committee (FOMC) and issued a statement in Washington. It has decided to keep its benchmark interest rates unchanged between 0% and 0.25%, slow down its $300-billion U.S. Treasuries program,...

Credit Card Companies are Plotting to Overthrow the World!

Not really, but who knows in this day and time.  After all, stranger things have happened.  What prompted this quaint observation was a little blurb I saw this morning on a national morning news...

UK Interest Rates May Reach 315-year low

The Uk may reach a decision to lower its interest rates to the lowest in the Bank of England's 315 year history today. The move would be designed to stimulate the economy and avoid deflation." The Bank of England is expected to cut interest rates to the lowest level in its...

The Fed to Take a Vacation on Interest Rates Cutting

Today, the Dow Jones closed below the 7,000 points, for the first time in 5 years. So, until January 20, 2009, what is President Bush doing to help ease the market? Will playing the blame game with the Congress help ease the market? According to the Press Release of October...

US Interest Rates Slashed to 1%

THE FEDERAL Reserve has slashed interest rates to 1% it has been announced in a move to avoid recession.   " The Federal Reserve has cut its key interest rate from 1.5% to 1% in a widely expected move, as it aims to avoid a possible US recession. Earlier this month...

Hungary now the center of financial storm

According to Nouriel Roubini, Hungary is now facing what the US, UK and other countries have been dealing with over the last 3 weeks."I recently spent a few days visiting Hungary, a country that is now at the...

Denmark's central bank to back banks until guarantee passes

Denmark's central bank is to tackle problems with any individual banks until the country's parliament approves a scheme to guarantee deposits. ""Until the bill has been passed, Denmark's Nationalbank will take...

CDTV.net: The Federal Reserve, Part 2 of 2

What do you think of the next fed move and why? Do you think if there are more regulations now, can  we avoid these events in the future? Interview with Christopher L. Hanes, economics professor, at the...

CDTV.net: The Federal Reserve, the latest move and why

The latest Fed move and why the Federal Reserve keeps on bailing out companies. Interview with Christopher L. Hanes, economics professor, at the Binghamton University, and a former Board of Governors at the...

India raises rate to 7-year high

After winning a confidential vote in Parliament and a general election in May 2009, the governing UPA alliance has aimed its forces against increasing inflation which currently stands at 12%. Thus, the Reserve...

Dubai house prices up 78%, another surge guaranteed « Peter J. Cooper’s We...

"Dubai house prices rose 78 per cent in the year to the end of Q1, according to a report from Colliers International. But all the anecdotal evidence suggests that rising prices have continued since then, and may have considerably further to go as the Federal Reserve cuts...

US Treasury green light for Gulf currency revaluation « Peter J. Cooper’s ...

This is a highly significant report because it is widely believed that US opposition to revaluation is the only reason that it has not happened this year. Gulf countries are all running double-digit inflation, and wholly inappropriate low interest rate regimes due to the...

Dubai house prices up 10-15% in two months

You can pick a villa or apartment in almost any location – completed or off-plan – and refer back to the offer price two months ago and see the price hike.

UK Interest rates held at 5.25pc on inflation fears

The decision, which follows a quarter percentage point cut by the Monetary Policy Committee last month, will come as a blow to homeowners struggling with higher mortgage payments and businesses dependent on consumer spending.

The Color of Subprime

"Rich people don't particularly mind talk about helping poor people -- unless that talk starts linking the wealth of the one to the poverty of the other. Take, for instance, the mess around subprime mortgages. That's just what United for a Fair-Economy has done in State of...

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