economy: JP Morgan Purchases Bear Stern
- 03/16/08 01:00 PM
So JP Morgan has purchased Bear Stern. Think about late last week. The Fed pushed JP Morgan to be the conduit to allow Bear Stern not to fail. This without any down side for JP Morgan. Now, they purchase Bear Stern for 2 dollars a share. At the same time the Fed lowers the Discount Rate 25 basis points. We must say the Fed is trying as hard as they can to find new ways to counter this crisis. Will they be successful? Only time will tell. They are certianly trying some out of the box thinking. Hopefully, the market can help … (0 comments)
economy: Waiting For the Bottom of the Market
- 02/02/08 09:03 AM
So here we are 2008 and the first month is in the books. Economists say we are in a recession. Other economists say we are not in a recession. A couple of weeks ago we had the most mortgage applications since 2004. The stock market has a hundred plus point gain one day followed by a hundred point decline the next. The FED lowers the Federal Funds Rate a record 1.25 percent in less than a month. What does all this mean? It means no one knows what is going to happen with the economy. Even the "experts" cant decide from one … (3 comments)
So JP Morgan has purchased Bear Stern. Think about late last week. The Fed pushed JP Morgan to be the conduit to allow Bear Stern not to fail. This without any down side for JP Morgan. Now, they purchase Bear Stern for 2 dollars a share. At the same time the Fed lowers the Discount Rate 25 basis points.;)
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