Federal Reserve Chairman Ben S. Bernanke was a safe bet to win the Senate’s vote for a second term. ”Safe” is what the senators want and Bernanke passed the test. He is not a man inclined to make bold decisions. A former university administrator, his institutional mind will be just as slow to foresee the next [...]
The Dow rose 200 points yesterday, bringing it only about 75 points below the 10,300 level. Why is the 10,300 mark important?
It’s not really…it’s just the point where this bounce will equal the bounce following the crash of ’29. No reason in particular that this bounce should be the same as the one 80 years [...]
US foreclosures jumped to an all-time high of 937,840 in the third quarter. That’s a 23% rise from the same time last year, says a report from RealtyTrac today. One in every 136 households received a filing — also a record. Once again, Nevada takes the cake… and incredible one in every 23 households was [...]
