The Dow Jones Industrial Average ended at 7,997 today, having fallen 427 points.  The Federal Reserve lowered its projections of economic activity for the rest of this year and next, and hinted at another rate cut.  I expect a small rebound tomorrow (and transferred some of my liquid funds into stock in anticipation of it), but I also expect a ( Read more... )

Any downturn in posting frequency or depth is due directly and almost entirely to a shortage of available time.  There is still a steady stream of new and interesting stories out there and I'm just as opinionated now as I've always been ( Read more... )

Anna: So you're just going to throw them to the wolves ( Read more... )

I had written to my congressmen concerning the "Emergency Economic Stabilization Act of 2008", more commonly known as the $700 billion bailout bill, and today received an email reply, posted below with only minor edits for privacy ( Read more... )

Hilarious speeches by the presidential candidates at the Al Smith memorial dinner. Especially funny if you have been hearing the smear campaigns ( Read more... )

http://www.youtube.com/watch?v=xmSq8ZW5dZwRead more... )

Below is a link to Barack Obama's speech in Toledo, Ohio regarding specific details of his campaign's economic plan. I don't agree with every part of his plan, but I really like that he has come out and stated it in simple and straightforward terms. I strongly encourage anyone with a stake in the upcoming U.S. presidential election to listen to ( Read more... )

So the short story is that there are plans in congress to create a fund (using taxpayer money, of course) to buy "bad assets" from financial institutions and then sell them back to the market.  Most of these bad assets are mortgages that are worth little to no money because the debtors have no intention or capability to pay them.  The issue is ( Read more... )