Leading Rich

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Treasury […]

 
Ruth Fremson/The New York Times - Senators Charles Schumer, left, and Ben Nelson.
The news on the street is that there is a compromise and the Senate is ready to vote on a smaller $780 Billion package for the American Recovery and Reinvestment Act of 2009 .  But I think this is hogwash.  So far […]

It has been a few days since I updated Leading Rich, but I am sure you have heard the latest and if you missed it, here it is again.
Bear Sterns stock price was nearly $160 per share last year, it was trading at $58 on Thursday March 13 then fell to $30 on Friday March […]

This morning Federal Reserve Chief speaking to a group of Bankers in Orlando Florida.
As reported by Yahoo.com Business News
“This situation calls for a vigorous response,” Bernanke said in a speech to a banking group meeting in Orlando, Fla.
Even with some relief efforts under way by industry and government, foreclosures and late payments on home    […]

The week started off with week earnings from Nordstrom, reporting that they are in for a tough 2008, followed by a report by the National Association of Realtors that existing home sales slipped in January 2008. Sales fell .4 percent to 4.89 million units in January 2008, 23.4 percent below January 2007 6.44 million-units. […]