The Federal Reserve is counting on one thing by deciding to increase the money supply this week. That is simply that more US dollars means a weaker dollar relative to other world currencies. What’s the value of a weak dollar? Increased exports because US products will be “cheaper” for foreign currency holders. Increased US prices, [...]
October ended higher but only .1% on the Dow Jones led by Microsoft gaining 2.6%. Microsoft rode the release of Windows 7 and Office 2010 to be the Dow leader for the month at 10% higher. This was the best October DJIA closing since 2006 and for the S&P since 2003. The Friday closing came [...]
Ben Bernanke, the Federal Reserve Board’s venerable leader, plans to make a big decision in the November 3rd meeting. Experts estimate that the Fed will approve anywhere from $1 trillion to $2 trillion in asset purchases in an effort to kick-start inflation and thereby boost the economy. The direct impact on the economy of this [...]
When will mortgage rates go back up? Today’s mortgage rates seem to be bouncing along the bottom as can be seen from Freddie Mac’s rate table released last week. To see the full schedule go to: http://www.freddiemac.com/corporate/pmms/2010/historicalweeklydata.xls Watch for the outcome of the Fed’s November 3rd meeting where it is widely anticipated that the bankers [...]
The Federal Reserve will be meeting on November 3rd and it is widely anticipated that they will implement a quantitative easing policy as an economic stimulus strategy. This means simply that they will buy financial assets like U.S. Treasury bonds. The catch is that the assets will be bought with money that doesn’t exist, essentially [...]
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