18 Mar
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 […]
Posted in Economy, Federal Reserve, Real Estate, Recession, Stagflation by: Leading Rich
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04 Mar
Prices for Gold, Oil, Wheat keep on going higher. Here is a great story from BloggingStocks.com on why you can’t miss Gold in your portfolio during this inflationary time.
I would add that you could also put Oil into the mix, but you cant put Oil under your mattress. But more people are likely to cut […]
Posted in Economy, Investments, Recession, Stagflation by: Leading Rich
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29 Feb
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. […]
Posted in Economy, Federal Reserve, Personal Finance, Real Estate, Recession, Stagflation by: Leading Rich
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07 Feb
The Senate has finally approved the 2008 Economic Stimulus Package that was initiated by Nancy Pelosi. This is probably the fastest bill that has gone through both the House of Representatives and the Senate. Up to 40 million taxpayers will be eligible with this legislation and will add around $168 Billion to the […]
Posted in 2008 Stimulus Package, Economy, Recession, SubprimeMortgages, Taxes by: Leading Rich
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30 Jan
With economic data coming out this week showing slower growth with 2.2% growth in the fourth quarter of 2007, foreclosure rates up by 79%, the Federal Reserve has acted and dropped the Fed Funds Rate by .50% to 3.0%
We will update you with a new graph of rates and a commentary. But now what is […]
Posted in 2008 Stimulus Package, Federal Reserve, Mortgage, Personal Finance, Real Estate, Recession, SubprimeMortgages by: Leading Rich
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