White House Rescue Plan Announced Today–All $75 Billion Of It

By Molly Greaves
 

President Barack Obama on February 18 rolled out the White House’s Rescue Housing plan of $75 billion to help struggling families avoid foreclosure and to bring some order to the housing market.  The President said taxpayer money could help save  between 7 – 9 million families who are risking foreclosure because they cannot [...]

The Dow Closes Down 382 Points, Down The Most In 3 Months…

By Molly Greaves

At 11:00 am today, the Treasury Secretary Timothy Geithner, was scheduled to announce the Obama Administration’s new bank bailout plan.  Earlier, U.S. stock futures were trading lower as investors prepared for details on the new financial rescue plan. When Mr. Geithner began his speech, the Dow was down about 80 points.  As he [...]

Economic Week in Review: Prices fall as global slump advances for week ending Friday January

By Molly Greaves via Vanguard
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Economic Week in Review: Prices fall as global slump advances
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A bevy of bleak economic reports marked the continued worldwide economic
slump, from lower industrial production and retail sales in the United
States to reduced international demand for U.S. exports. The economic
slowdown, coupled with the downtrend in energy prices, continued to push
consumer and wholesale [...]

Economic Week in Review: Wild swings and ill winds. Week ending October 17, 2008

By Molly Greaves via Vanguard www.vanguard.com
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Economic Week in Review: Wild swings and ill winds
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It was another white-knuckle week for investors, with the leading
stock indexes soaring, plummeting, and soaring again in rapid
succession. There were few real surprises in the week’s major
economic reports, however, with most indicators simply confirming
what Americans already know: The economy is weak and [...]

Wall Street’s worst week ever

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Economic Week in Review: Wall Street’s worst week ever
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It was a week most investors would rather forget.
Despite continuing efforts to restore a semblance of serenity in the
financial markets, the global economic crisis only deepened this week,
and investors’ confidence seemed to diminish by the hour. When the
closing bell finally rang Friday–a day of spectacular swings–the
Standard & [...]

Economic Week in Review: Economy gets back to work Week ending Friday August 29

By Molly Greaves
 
Economic Week in Review: Economy gets back to work
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Economic indicators worked overtime this week to deliver good news
before the Labor Day holiday. Second-quarter growth in the gross
domestic product (GDP) was revised upward more than anticipated,
orders for big-ticket items increased, and consumer confidence
grew. Even the depressed housing market perked up, signaling
that its prolonged weakness [...]

Economic Week in Review: Inflation heats up as summer cools…Week ending Friday August 22, 2008

By Molly Greaves
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Economic Week in Review: Inflation heats up as summer cools
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Good news was hard to find in this week’s economic reports.
Inflation at the wholesale level rose at a worrisome pace in July,
even excluding higher prices for energy and food. One bright spot
was the decrease in initial claims for unemployment insurance.
In the financial markets, for [...]

Economic Week in Review: Inflation hurts consumers and retailers alike Friday August 15, 2008

By Molly Greaves
 
Economic Week in Review: Inflation hurts consumers and retailers alike
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Despite a drop in energy prices, inflation rose during the month of
July at a much higher rate than analysts had expected. Retail sales
fell as consumers tightened their belts. On a positive note, June’s
trade deficit narrowed for the second month in a row. For the [...]

Economic Week in Review: Fed pause sparks market rally week ending Friday August 8, 2008

By  Molly Greaves with the datat brought to you via Vanguard, where I do my paper asset investing.

Economic Week in Review: Fed pause sparks market rally
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As expected, the Federal Reserve kept its target federal funds rate
at 2.0% on Tuesday. The news spurred a major stock market rally as the
S&P rose 2.9% on the day of the [...]

Economic Week in Review: Economy still under the weather

By Molly Greaves
 
Whoa baby, it’s already Friday. Holy smokes. I had a long day at the Trump School of Real Estate, but it sure was full of learning, which I always love. Class tomorrow–and yes, class on Saturday, Sunday too actually– should be just as good.
Here’s the Economic Recap for the Week in the words [...]