I pass on this news from the New York Times for two reasons. But first the link: Morgan Stanley Posts $2.36 Billion Loss Now my two points: One: I think that Morgan Stanley and Goldman Sachs are both going to face a much tougher road to survival than the so called ‘experts’ have suggested. This […]

It was widely expected but it is still quite a shock to see the Fed Funds rate dropped to 0.25%. Today’s move by the Federal Reserve Board had been anticipated by the markets for a few days, and after this morning’s other news about inflation (or deflation) and housing starts it was inevitable that the […]

I suppose it should come as no surprise, but the announcement today of an 18.9% decline in housing starts is still eye catching. here’s the news: Housing starts drop 18.9% to plumb record low, U.S. data show – MarketWatch Even with this decline the housing slump is likely to continue. Home prices are still above […]