What a difference a year makes. This times last year, the Federal Reserve, Treasury Department and White House were scrambling to do whatever they could to prevent home prices from falling off a cliff and thereby dragging the banking system down with it.N
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Hindsight being 20-20, we now know a year ago presented one of the great buying opportunities of a lifetime. But with the market in freefall, fears of bank nationalization and the end of Western civilization generally hanging heavy on market sentiment, fe
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Greek officials visited with President Barack Obama and Treasury Secretary Tim Geithner Tuesday afternoon. While not asking for a bailout, the Greek delegation warned that America can’t afford to ignore the situation in Greece and, more broadly, the threa
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From The Business Insider, March 10, 2010:The latest report on the property market in China is truly frightening. Despite measures taken by authorities to reign in the price explosion in Chinese real estate, prices rose at the fastest clip in nearly two y
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Editor’s note: Cisco made headlines today announcing a next generation router that will revolutionize the internet by increasing downloads to unheard of speeds. The Cisco press release makes the following claims about the CRS-3 ro
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Before, during and (presumably) after today’s meeting with President Obama, Greek Prime Minister George Papandreou railed against “traders and speculators” and called for stricter regulation of hedge funds. …
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A year into this historic bull market run, investors are still turning their back on U.S. stocks in favor of emerging markets. “Investors around the globe have pulled $15.3 billion out of U.S. stock funds, according to data from EPFR Global, wh
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Lost in the headlines over the dollar’s resurgence in 2010 is the fact gold is still rising in most worldwide currencies. It is also still faring well in dollar terms. Gold is trading at around $1,120 per ounce, up about $60 in the last month.Frank Holmes
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House Financial Services Chairman Barney Frank caused a bit of an uproar Friday when he suggested the U.S. government does not guarantee the debts of Fannie Mae and Freddie Mac.Rep. Frank later recanted and backed a Treasury Department statement reassurin
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Forget the unemployment rate, durable goods orders or the Baltic Freight Index. Veteran market watcher Richard Suttmeier says the FDIC quarterly banking profile is “the single most important leading indicator for the U.S. economy.” Released abo
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A year ago this week, the stock market began a historic rally from the depths of the worst bear market since the Great Depression. Technically, there was a “perfect storm for a bottom” in March 2009, says Richard Suttmeier, chief market strategi
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Washington D.C. loves to talk, and one of the favorite topics last week was about how White House Chief of Staff Rahm Emmanuel had advised President Obama to put off health-care reform until the country was less obsessed about the economy…and that the P
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Starting Monday in Philadelphia, President Obama is beginning another, perhaps final, push for health-care reform. If you believe the polls, a majority of Americans oppose the bill but support many portions of the package, such as rules that prevent provi
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Given fears of a much bigger decline in payrolls because of the bad weather, the White House probably “feels like they dodged a little bit of a bullet today,” says Craig Gordon, White House editor at Politico.com. “It’s a sign of how bad th
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Updated from 9:13 a.m. EST After a string of disappointing economic reports that raised fears of a double-dip, the bulls welcomed Friday’s better-than-feared jobs numbers with open arms.The U.S. …
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