The Economy Guy

After yesterday’s amazing stock market and money market action, today was important in the way the Central Bankers continued to pour money in. The European Central Bank (ECB) after injecting $130B yesterday, added another $84B today. The US FED after adding $24B yesterday, added another $38B today. And Fed Chairman Bernanke said that he would [...]

Today was one of those days that should be remembered in the future. The DOW went down 387 points due to lack of confidence in the sub-prime mortgage market. The trigger was the French Bank BNP Paribas stopping trading in 3 funds that invested in US sub-prime mortgage because the market value of the funds [...]