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Fed Leaves Rates Unchanged; Sees Greater Inflation Risk.

06/25/08 -  Federal Reserve holds key interest rate at 2%, leaving it unchanged for the first time since last summer and expresses mounting concern about inflation and inflation expectations. Officials offer no hint of an imminent rise in rates, meaning the likeliest scenario is an uneasy status quo for many months.




















Wall Street Profit News Headlines

Trading The Market With Joe Six Pack's Tax Money Goldman Sachs (GS) releases their PR machine, following articles like How Goldman screwed its clients in the housing collapse and Matt Taibbi's great series The Great American bubble Machine.  More

Treasury department quietly releasing disclosure to pay 42 million to 12 top executives. Using creative Christmas Eve shenanigans in an obvious attempt to sneak the news by the American tax payer's scrutiny, the Treasury department quietly releasing disclosure to pay $42 million to 12 top executives,  More

Reminiscences' of the 1907 Panic. Back in 1907 the great J. Piermont Morgan, his merry band of bankers and crony capitalists assumed the role of today's Central Bank(s).  More

S&P cuts Ireland rating to AA on bank rescue cost. For the second time in 3-months and since the debt crisis began, Standard and Poor's cuts Ireland's sovereign credit rating to "AA" with a negative outlook!  More

National Deficit 11.4 Trillion and counting, NOT a tax the rich issue! It is actually a tax your CHILDREN and GRANCHILDREN issue.. This argument has been falsely framed in a tax the rich vs. the needs of the many debate. If that was true, more taxes for the rich would surely make sense. After all, the rich can spare a little more to help everyone out. It sounds only patriotic and the right thing to do. But the truth of the matter is you cannot tax the rich enough to pay for the spending addicted government. The reported National Debt is now $11.4 Trillion and counting and everyone knows that government statistics lie- so the Debt it is more than likely MUCH, MUCH more!  More

Flashback to Countrywide Financial 2007 with Today's Market Action. Not long ago, back in late 2007 I was short with a majority of my client base, a now notorious company by the name of Countrywide Financial at around $35/share.  More

Trend day in the indices ....again. Market Summary 08/08/2008 By Rajoo Sharma.  More

QQQQ: Pausing B4 the Next Leg Up. Market Summary 08/07/2008 By Rajoo Sharma.  More

QQQQ: No Follow Through to Bearishness...Yet. Market Summary 08/05/2008 By Rajoo Sharma.  More

Looking for a resolution of the Bearish Triangle on the Qs Market Summary 08/04/2008 By Rajoo Sharma.  More

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

Bill Ackman, Pershing Square Capital Management - Bond Insurer Transparency; Open Source Research Letter. This analysis has ramifications which ripple through the financial system.  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

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

Google Cries Foul, Complains of Microsoft's Monopoly. The only problem is that when it comes to search, Google hold the monopoly with about 70% of the overall market.  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

Microsoft (MSFT) Bids $31 Per-Share for Yahoo (YHOO); Clash of Cultures vs. Fast Track to Market Share. Microsoft offering to buying Yahoo has long been rumored and now has become a reality.  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

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