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Just a quick reminder: the Federal Reserve is almost insolvent.

From Sovereign Man, by Simon Black

September 10, 2008 was one of the last “normal” days in the world of banking and finance.

That afternoon, the US Federal Reserve published its routine, weekly balance sheet report, indicating that the central bank had total assets worth around $925 billion. 865 more words

Economy

Could Rising Mortgage Rates Be Good For Housing?

Rick Sharga | HousingWire:  Much of the commentary surrounding the Federal Reserve’s decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to increase mortgage rates, have a negative effect on home affordability, and potentially derail the still-wobbly recovery of the US housing market. 273 more words

Financing

Stock Drop

Tuesday’s selloff in stocks was wonderfully brief, reinforcing two hypotheses that have served investors well for several years now: that markets are extremely resilient, and that any notable market dip should be treated as a buying opportunity. 447 more words

USA

Fed Rate Hike Will Mean Higher Credit Card Interest Costs

CHICAGO (CBS) — The Federal Reserve’s decision to increase interest rates last week could do more than cost you more for a mortgage or car loan, it could increase your credit card bill as well. 201 more words

News

Economic Update - ECB Hand Out €233 Billion to Banks, UK Retail Sales Rise, More...

Investing.com: Global stocks, bonds cheer bumper ECB cash handout

  • Euro zone stocks and bonds rallied on Thursday as banks snapped up almost quarter of a trillion euros of interest-free European Central Bank cash in what the ECB hopes will be the last outing for one of its main crisis-fighting tools.
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Uk