In the News:
Winners & Losers After Fed Interest Rate Cut
When the Federal Reserve meets and changes rates, we all have questions: What does it mean to me? Will my mortgage rate go up or down? Is this a good time to refinance? Bankrate is here to help. We've looked at five categories -- mortgages, home equity loans, auto loans, credit cards and certificates of deposit -- to determine if the Fed's moves made you a winner or a loser.
Social Security's Tipping Point: 2017
Forget all the talk you'll hear about how Social Security is okay until 2040 or thereabouts. That is, as we'll soon see, utter nonsense. The real problem starts only a decade or so from now, when Social Security begins to take in less cash than it spends.
Recession at the Gates
Investors on Wall Street have been worried about a recession for months. Ditto for the folks on Main Street -- especially if they've been trying to sell a house, or just keep up with the payments. It looks bad. But the Fed is using new weapons that may soften the blow.
Winemaker's Nose Insured for $8 Million
His schnoz is not to be sniffed at. A Lloyd's of London syndicate said Tuesday it is insuring the nose of winemaker Ilja Gort for $8 million.
Reid Hoffman: LinkedIn will go public (at some point)
Retailers can't wait for Black Friday, open Thursday
Tiffany's serves up solid quarterly earnings
Reader Comments (Page 1 of 1)
3-19-2008 @ 10:17AM
william lindblad said...
S.S. problems are old hat and the Kiplinger article is simply speculating (like the rest of us) on present economics. How the winemaker fits in?? Did he or she smell this coming? A thing that I find interesting is that all the pundits that are making comparisons have a short memory. All the commentary has been on the "Great Depression" or the Resolution trust period. True, there are some valid relationships - bank problems, real estate default and swings in the stock market. But prior to these there was no real trade imbalance or systematic job loss, currency value debasement or foreign investment talking of taking flight. Please keep in mind that Citigroup received emergency capital from abroad. If those that write on this subject are really insterested in comparisons they should open a history book. Take a hard look at the year 1857 when Russian grain rotted in warehouses and the economic impact was felt as far away as the Washington Territory. Evaluate what started this. Try 1893. The government economic stats. exist and look at the full picture from this point to 15 years forward. This one is completely off the radar due to age. If you look you will find that un-employment has periods higher that 1929-35. It is why we have Labor Day. Primary cause - Trade imbalance and job loss. The present situation contains many aspects of past problems, but it is also something new and as such, an unknown.