Category
Recession
-
With More Pain to Come, Don't Be Fooled by Yesterday's Banking Sector Gains
By Mike Caggeso Associate Editor Though last week's river of red flowed into the new week causing stock prices to stumble yesterday (Monday), the market received a boost from an unlikely quarter – the banking-and-finance sector. Aided by a strengthening U.S. dollar and a dip in gold prices – not to mention an extended sell-off [...]
-
Beware of This Fed-Led Stock Market Rally
By Keith Fitz-Gerald Contributing Editor Money Morning/The Money Map Report As a professional trader, I’m never far from my trading screens. But I find that I’ve been watching them even more intently than usual over the past few days. When I take a step back and attempt to assess just why I seem to be [...]
-
Will Fed Rate Cuts Have an Inflationary Impact?
When Federal Reserve policymakers announced the half-a-point cut in interest rates last Tuesday, I was almost at a loss for words. As all of you know, I had projected reduction of 25 basis points, and by the time Tuesday’s meeting of the central bank’s Federal Open Market Committee (FOMC) rolled around, the market supported my [...]
-
Dropping Housing Prices, Rising Foreclosures Could Confirm Our Worst Fears
By Jason Simpkins Staff Writer In an interview that conveyed a deep sense of economic gloom last week, former Federal Reserve Chairman Alan Greenspan told Bloomberg News that the odds of a U.S. recession remain "somewhat more" than one in three. Home prices will likely drop further, disrupting consumer spending and undermining investor confidence, Greenspan [...]
-
Emerging Markets Weathering Economic Storm
From MoneyWeek Magazine Reduced inflation, lower interest rates and lighter government debt burdens have strengthened developing nations’ infrastructure and allowed them to weather the current subprime-induced global jitters. The MSCI Emerging Market Index has bounced back from August’s slide and it up 2% since the beginning of July. The S&P 500 was down 1.75% during [...]
-
U.S. Fed Readies Itself For All the Right Moves
As we await the announced decision of U.S. Federal Reserve policymakers today, there are some very important facts to keep in mind. First and foremost is this: The fears of a recession are highly exaggerated. The U.S. economy has good momentum, the American consumer is still spending, and we believe that central bank will reduce [...]
