Three Musketeers – Bush, Bernanke and Paulson
Now, let us see the facts today:$ 512 Billions – Already written off by banks and brokers$ 59 Billions – Given to Bear Stearns and JP Morgan combine$ 200 Billions – given recently to Fannie Mae and Freddie Mac$ 85 Billions – given to AIG as capital$ 2,400 Billions – Needed by Fannie Mae and [...]
UPS Cuts Outlook on Lower Volume and Fuel Costs
CNBC has a story about UPS cutting their outlook : UPS Cuts Outlook on Lower Volume and Fuel Costs United Parcel Service, the world’s largest shipping carrier, cut its first-quarter profit guidance Tuesday, citing lower volume and higher fuel costs. The company said it now expects earnings per share of 86 cents or 87 cents. [...]
US Home Prices In 2009
Bloomberg has a story about Greenspan’s take on US home prices: Greenspan Says U.S. Home Prices May Stabilize in 2009 Former Federal Reserve Chairman Alan Greenspan said the drop in U.S. home prices will probably end well before early next year as the number of houses on the market diminishes, aiding an economic rebound. It [...]