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  • 2014
  • 2013
  • 2007
    • December
    • November
      • Merrill Lynch Hires New CEO
        11/15/07
        John Thain has been tabbed to become the new CEO of Merrill Lynch. He was the head of The New York Stock Exchange. This is the first time Merrill has hired a CEO that was not a promotion from within, which should be viewed as a good thing in light of their recent troubles.

        In early Octo

      • Big Banks Post Huge Losses?
        11/09/07
        Wachovia released a statement saying it will have increased loan losses in the 4th Quarter, possibly as high as $1.1 billion. They are just another of the major banks that are posting losses of extraordinary amounts.

        In other news, Barclays Bank is disputing rumors that they will post a

      • Robert Pavlik Interview
        11/08/07
        I saw a very interesting interview on CNBC this morning with Robert Pavlik of Oaktree Asset Management. Mr. Pavlik believes that the economy is slowing, but doesn't foresee a recession. He mentioned a number of reasons, but to me the most important reasons are Housing and Oil Prices. He feel

      • Corporate CEOs Feeling The Pinch
        11/07/07
        The "Credit Crunch" has found its way into the offices of some of the countrys most powerful CEOs.

        Citigroup's Charles Prince retired under pressure, saying that retirement was "the only honorable course..." amid write-downs of between $14.5 billion -$17.5 billion

      • Federal Reserve Officials Make Comments
        11/06/07
        Yesterday was full of information and opinions from Federal Reserve officials. Speeking in New York City, Fed Governor Frederic Mishkin said the Fed's mort recent rate cut was not an indication that the Fed was going to continue easing. He said the cut was due to forecasts of a slowing econom

      • Pimco's Bill Gross Interview
        11/05/07
        I saw an interview with Bill Gross, Chief Investment Officer of Pimco, manager of the nations largest bond fund. He had some interesting thoughts.

        He felt that although personl spending has been propping up the economy, he feels that personal spending will moderate. He believes that man

      • Yet Another Good Friday
        11/02/07
        The Labor Department's October Nonfarm Payroll Report showed an increase of 166,000 new jobs for the month. This was almost double analysts expectations and caused the bond market to lose ground. Oddly enough, however, it started to rally and recovered its early losses and ended the day up a

      • Fed Reserve Fall-out
        11/01/07
        As everyone probably knows, the Federal Reserve has chosen to reduce both the Fed Funds rate and the Fed Discount rate by .25%. This decrease will translate into a .25% decrease int the Prime Rate, which we will then see in Home Equity Lines of Credit (HELOC) over the next 30 days.

        The n

    • October
    • September



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