Home Prices Plummeting - Is the end in sight?

Posted by Chris on 30. December 2008 03:27

Today Standard & Poors released its S&P/Case-Shiller Home Price Index results for October 2008, which showed home prices continued to fall in October for the 28th consecutive month. According to the index, which is comprised of 20 metropolitan cities, home prices dropped 18% from a year ago. [More]

Feds Agree to Auto Bailout!

Posted by Chris on 19. December 2008 08:24

I don't think it was a matter of if, but when and how would the Bush Administration bailout GM and Chrysler. That question was answered today as President Bush announced a $17.4 billion dollar loan package that will help stop the automakers’ bleeding, at least in the short term. [More]

Fed lowers rates to 0% to 0.25%!

Posted by Chris on 16. December 2008 06:43

he Fed today announced that it is cutting the Fed Funds Rate, the rate that banks charge each other for funds, from 1% to a range of 0% to 0.25%. These are truly uncharted waters, at least in our lifetime. [More]