Archived Articles

MARKETS WORRY CENTRAL BANKS AREN’T DOING ENOUGH The week starts on a rough note, on Wall Street and overseas.   9,955.50.   Unfortunately, Monday saw another descent on Wall Street – but it wasn’t as bad as it could have been. In brief, investors worldwide were fretting that the Wall Street bailout (and other global [...]

A GLOBAL RATE CUT Central banks lower rates worldwide; only American markets respond. Rates fall, and markets react. On Wednesday, six of the world’s central banks announced a joint interest rate cut. The Federal Reserve lowered the federal funds rate half a percentage point to 1.5%. The European Central Bank also reduced rates by half [...]