Articles

The US budget deficit is expected to grow to $490 billion in 2009 from an estimated $400 billion this year. This huge and growing deficit will put further pressure on interest rates and constrict the next President's economic policy.

Better than expected economic news dropped the price of oil this past week. Think about that statement.

The Housing Bailout Bill making its way through the Senate doesn't just benefit homeowners in trouble. It can also benefit many other homeowners, from first time buyers, to seniors, to veterans. Amongst the benefits:

For all you municipal bond investors, cities and towns are having a hard time paying their bills. Most munis are probably safe but make sure you pay attention to what you are buying. Even "rich" towns like East Hampton are having trouble paying the bills.

I took a look at the recent data from the National Association of Realtors and put together a few graphs. They show that home sales have fallen sharply, inventories are up pretty dramatically, but prices have only fallen by 2%. Take a look and see what you think.

The stock market is cheering the Qualcomm - Nokia settlement, but this represents an excellent chance to sell out of both.

Charles Plosser of the Philly Fed said that housing problems shouldn't stand in the way of raising rates sooner rather than later.

Here are some ways to ensure your bank accounts are protected. Some of the info we've covered before, some is new.

The Congressional Budget Office released a letter today and outlines the probable cost of fortifying and keeping Fannie Mae and Freddie Mac solvent.

It is time for Dylan Rattigan and his irresponsible group of clowns and morons to be taken off of the air.

I am afraid that the stock market is going much, much lower.

More evidence that Bank of America knows exactly what it is doing.

The iPhone is here, it is real and it is Apple's biggest revolution yet. RIMM and Nokia are understandably scared.

Citibank reported earnings today that beat pretty low expectations. The most interesting thing about the story from my perspective was that it did so by paying less for deposits.