The stock market seem to be stabilizing, aided by news that the Federal Reserve will buy up short-term debt in order to get companies financially interacting again. I won't get into the gruesome details, but buying up short term debt (known as commercial paper on Wall Street - a mechanism that enables companies to borrow money overnight or or over the course of a few days) is an area that the Federal Reserve rarely gets into. Of course, these are historic times and the Fed will every tool in its arsenal to reverse the sliding economy. That's what we're seeing …

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Oil is falling again, off $31 from its July high of $148 a barrel, but some analysts think this is bad news. Paul Kedrosky, a strategist at Ten Asset Management sees oil falling more and settling as low as $90 a barrel and takes his case to Tech Ticker today to explain why this is a negative for the economy. “Lower oil prices could negatively impact work being done in bio-fuels and solar and wind,” says Kedrosky. “Any price under $100 per barrel is bad for alternative energy market. There is not as much need to explore and invest in …

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The End.