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Preliminary figures show Japanese inflation at a 10-year high of 1.5%.

The Fed didn't raise rates today but it will have to before the end of the year. The EU will make sure of that.

Ben Bernanke proved today that he is too weak to stay as chairman of the federal reserve.

The Fed today announced it was keeping rates at 2% as was widely expected. It's announcement opened the door for future rate hikes as its statement mentioned the danger of inflation.

IndyMac yesteday raised the rate on their 6 month and 12 month CDs, which are now offering 4% APY and 4.25% APY respectively.

Thank goodness we have the Joint Center for Housing Studies at Harvard. As the Financial Take Me Back Machine(TM) shows, they always provide a positive side to the housing market, even in these dark days.

If you're looking for some insight into why commodities are going sky high and are the flavor of the month, look no further than the Bill Gross's June 2008 Investment Outlook.

The WSJ has reported on Sunday that Citi is planning to lay off 10% of its worldwide investment banking group, or approximately 6,500 bankers.

Indymac just raised their rates on 3 month and 1 year CDs and is currently the rate leader according to the BestCashCow CD Rate Tables.

Banks continue to get hit and their calamities have contributed to a 4% drop in the Dow over the past week and 3 month low.

The collapse of Bear Stearns and its public bailout are going to bring change to the brokererage/investment banking industry. The biggest change, more regulation, which may benefit ordinary depositors.

Well maybe not directly money. But the new browser is blazing fast and saves time. And as we know, time is money.