Tag: United States
World wide rate cuts
The whole world cut interest rates today.
The US Federal Reserve led a co-ordinated round of global official rate cuts today, easing by a half-point, as did the European Central Bank, Bank of England and Swiss, Canadian and Swedish banks.
The Fed said it was cutting its key federal funds rate by 50 basis points to 1.5 [...]
Posted: October 8th, 2008 under Finance, News.
Tags: Bank of England, Canada, Central bank, European Central Bank, Federal funds rate, Federal Reserve System, United States, US Federal Reserve
Comments: none
Fannie and Freddie Bailout
There are plenty of people upset/pissed/mad about the recent bailout of the mortgage giants. My fear is where is this going to stop. Auto makers will be next for sure.
Jim Rogers was recently on CNBC Europe and made several money quotes.
“America is more communist than China is right now. You can see that this is [...]
Posted: September 10th, 2008 under Finance.
Tags: China, CNBC Europe, Jim Rogers, Mr. Rogers' Neighborhood, Programs, Squawk Box Europe, Television, United States
Comments: none