Market
Helicopter BEN Strikes Again!
Once again, the Fed slashed interest rates - now down to 3%. Ouch.
This is BAD news for savers. Watch for interest rates to continue their plummet. I predict that ING will be one of the first to slash rates (as usual).
Where/When will it stop? Let’s take a look at past rates. Here is a link [...]
Poll: Is E-Trade Toast?
If only I traded individual stocks - yesterday I would have bought shares in E-Trade! Their stock sank about 60% upon worries that they might actually go bankrupt. E-Trade’s President also posted this message:
This is a challenging time for the financial services industry. Bad news in the credit, housing, and stock markets continues to dominate [...]
Fed Cuts Rate Again, and I Don’t Care
Earlier this week the Fed slashed the Funds Rate another 0.25%., which means that savings account rates nationwide will undoubtedly begin another session of racing toward absolute zero. ING Direct seems to be leading pack, as their rate just dropped down to 4.2% APY.
Guess what? I don’t care. Ever since I simplified my setup, more [...]
Fed Cuts Rates. Oh No, the Sky is Falling!
In the past few days, we have witnessed the 50-point rate slash by the Fed and parity between the US and Canadian dollar. Now, savings interest rates have been dropping like flies. Is the sky falling?
Yes. Yes it is. Run for cover now before it’s too late! Abandon all of your worthless US dollars before [...]
