Financial News

Buffett sees signs recession getting worse - says inflation is a worry.

Billionaire Warren Buffett has already said he thinks the U.S. economy is in a recession, and now he says the economy is getting worse.  More

Fed Leaves Rates Unchanged; Sees Greater Inflation Risk.

Federal Reserve holds key interest rate at 2%, leaving it unchanged for the first time since last summer.  More

WSProfit Bear Super-Cycle News. -UPDATED-

A Litany of Bear News Bullets.  More

DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week.

DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week, Caping a 4th Straight Monthly Decline.  More

Bill Ackman, Pershing Square Capital Management - Bond Insurer Transparency; Open Source Research Letter.

This analysis has ramifications which ripple through the financial system.  More

Can’t Sell Your House? Swap It!

Housing is considered a basic human need, along with food and clothing. By the way the housing market has shut down you would think we were talking about tulips.  More

Economic News

Royal Bank of Scotland (RBC) – issues a global stock and credit alert

Royal Bank of Scotland (RBC) – issues a global stock and credit alert. more

The President Signs the Stimulus Package and Asks Us to Spend Borrowed Money.

Most taxpayers will receive a check of up to $600 for individuals and $1,200 for couples, with an additional $300 for each child. more

The World Economies Decoupling Theory Is a Myth.

Every time I hear “it is different this time,” especially when it comes to long established economic and financial principles, I just want to shriek. more

Helicopter Ben Strikes Again- Cuts Fed Funds Rate 50-BPS To 3 Percent- Econ Risks Remain

The Federal Reserve lowered its key lending rate by 1/2 bps, following their inter-meeting emergency 3/4 bps cut. more

Profit Council

The Anatomy of a Credit Crisis (2000-2008 and Beyond)

A brief outline of the major events which led to the current state of affairs. More

Wall Street Prophet Council – Week of February 11th, 2008

The Dow-Transports (.TRAN) closed Friday at 4711.67, haven rallied off their Jan. 23 lows of 4033 back to their 200-ema of 4751. Friday’s drop represents an initial reversal, a failure of that resistance level. More

US Equities Have Entered Into a Cyclical Bear Market

Our view is that US-equities have entered into a cyclical bear market and interest rate cuts will not solve the problem. More

Latest Headlines

Buffett sees signs recession getting worse - says inflation is a worry. Billionaire Warren Buffett has already said he thinks the U.S. economy is in a recession, and now he says the economy is getting worse.  More

Fed Leaves Rates Unchanged; Sees Greater Inflation Risk. Federal Reserve holds key interest rate at 2%, leaving it unchanged for the first time since last summer.  More

WSProfit Bear Super-Cycle News. -UPDATED- A Litany of Bear News Bullets.  More

Royal Bank of Scotland (RBC) – issues a global stock and credit alert Royal Bank of Scotland (RBC) – issues a global stock and credit alert.  More

DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week. DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week, Caping a 4th Straight Monthly Decline.  More

The Anatomy of a Credit Crisis (2000-2008 and Beyond) A brief outline of the major events which led to the current state of affairs.  More

The President Signs the Stimulus Package and Asks Us to Spend Borrowed Money. Most taxpayers will receive a check of up to $600 for individuals and $1,200 for couples, with an additional $300 for each child.  More

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