Leading Rich

Guide to Money, Investing and Personal Finance

Archive for the 'Recession' Category

06 Feb

Senate Ready To Vote on $780 Billion Stimulus Package

 
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 […]

18 Mar

Mid Week Update March 18, 2008 - Bear Sterns Sold for $2, Federal Reserve Largest Mortgage Holder, Fed Reduces Rates

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 […]

04 Mar

Prices of Commodaties Point to Inflation - Gold, Oil, Wheat At All Time Highes

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 […]

29 Feb

Week In Review - February 29, 2008 - Existing Home Sales Slip, Oil Over $100, Stagflation

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. […]

07 Feb

$168 Billion Stimulus Package Passed Through Congress Sent to President Bush

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 […]

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