Are we heading for a global recession?

To rather lackluster fanfare in the “public consciousness” yesterday, the Federal Reserve announced that it was holding interest rates flat, and hinted that it may need to raise interest rates in the near future as it is becoming increasingly concerned about inflation. All of this has me wondering - are we heading for global recession?
Inflation [...]

Treasury Secretary Paulson - “Markets are Calmer Now”

Washington, D.C. (Associated Press): Treasury Secretary Henry Paulson said Friday that financial markets are “considerably calmer” now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
In a speech to business executives in Washington, Paulson said the drag from housing, which he characterized as still [...]

It’s official - we’re screwed….

Washington, D.C. (Rightcommentary.com) - Today appearing before the Congress, Federal Reserve Chairman Ben Bernanke conceded for the first time the U.S. economy may slip into recession, but said growth should pick up later this year as interest rate cuts and other emergency steps take root.
Bernanke said in his testimony that the [...]

Waiting for the Other Shoe to Drop?

Eroding confidence stings bank shares
By Carter Dougherty

Monday, March 17, 2008
FRANKFURT:
Volatile markets and worried policy makers on Monday offered clear evidence that the months-long financial crisis linked to the U.S. mortgage market has turned into an acute crisis of confidence in the global banking system.
Stunned over the weekend by the emergency [...]