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fed: INVESTORS FEELING GOOD AGAIN... - 05/20/08 06:49 AM
It was a positive week for the markets, yet it had its share of not-so-positive news. This is another sign that investor sentiment about the economy is turning around, which it's been doing, with a few minor glitches, since the Bear Stearns bailout in mid-March. Just like last week, we're going to make like the media and hit you with the bad news first. (In our case, just to get it out of the way!) Industrial production was down 0.7% for April, oil almost hit $128 a barrel, and there were whispers about the strength of bond insurers. Fed Chairman Bernanke … (0 comments)
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fed: READ US THE TEA LEAVES, BEN... - 04/01/08 07:57 AM
Big event for the week will come Wednesday when Fed Chairman Ben Bernanke prognosticates on the economy before Congress's Joint Economic Committee.Friday we get the March employment report. Leading up to that, we'll have Tuesday's ISM Index read on manufacturing followed by Thursday's ISM Services Index. Retail giant Best Buy will share a sure-to-be-significant earnings report on Wednesday.
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fed: Federal Reserve Watch - 03/18/08 08:46 AM
Forecasting Federal Reserve policy changes in coming months. Fed funds futures are pricing an 88% chance the Fed will cut its rate 75 basis points (0.75%) at the March 18 meeting. Consensus runs even higher.
Current Fed Fund Rate: 3.00%
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fed: Vultures Are Circling Over Distressed Florida Properties - 10/22/07 09:16 AM
Call them grave dancers, vulture funds, turnaround specialists or the more euphemistic "opportunity investors." However you identify them, the deal is the same: When hyperactive real estate markets lose their sizzle, or property owners no longer can afford to hang on to their houses, well-capitalized investors smell blood and move in.
That's happening in most of the "bubble" areas of the country that saw heavy speculative activity and razzle-dazzle financing from 2001 through 2005. But it's also happening in less volatile markets where unaffordable mortgages and economic distress are producing record numbers of panic sales to investors at fractions of former … (2 comments)
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fed: The Rates are lower The Rates are lower!!! - 09/18/07 03:18 PM
The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point Tuesday to 4.75%, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.
"This took some investors by surprise. It's like the Christmas present you really wanted but weren't really expecting," said Gary Webb, chief executive officer of Webb Financial Group, a Bloomington, Minn.-based independent investment advisory firm with about $120 million in assets under management.
The cut to the federal funds rate, the first since June 2003, was widely … (3 comments)
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fed: Bernanke vs. Greenspan - how would things be different now? - 08/23/07 08:44 AM
The Fed may well end up slashing interest rates, but the Greenspan era of pumping up market bubbles with repeated cuts is over...
It may be the most important development to emerge from the recent market turbulence: The Federal Reserve, under Chairman Ben Bernanke, is going back to being a central bank. Judging by its cautious and finely-calibrated responses through a very ugly August, the Fed appears keen to put the Alan Greenspan years firmly in the past and take a much more orthodox approach to monetary policy. While the Fed will probably cut interest rates as early as next month, … (0 comments)
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Lee Forbes - Forbes Property Group #1 Preferred Agent! CRS, GRI, ABR, E-Pro
Lakewood Ranch,
FL
More about me…
Lee Forbes PA, Forbes Property Group Broker in Bradenton
Address: 9114 58th Drive East, Suite #100, Lakewood Ranch, FL, 34202
Office Phone: (941) 725-4258
Cell Phone: (941) 725-4258
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