NorCalSavant

Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and FDIC Chair Sheila Bair testified in the House on Tuesday about the credit crisis and the federal response to it especially in light of Troubled Assets Rescue Plan or TARP.

Credit Squeeze, Foreclosures and Recession

The current crisis was an outcome of problems on [...]

Once upon a time, Joe the plumber (yeah the same one, our much bandied recent alter ego) had to pay his respects at a big tall building with expensive furniture otherwise known as the neighborhood bank and smilingly accept small fractions for interest rate on his savings account because that was all that was available.
With [...]

The Penn West Energy Trust closed today at $16.96, about a dollar up from the closing price on October 28.  The Canroys seem to be tracking the Dow Jones and the stock market in general.  It makes sense in that the Dow is tracking the economic growth expectations in the market.  If the economic growth [...]

Economists have often looked to the TED and LIBOR-OIS spreads to identify the relative state of the credit squeeze. An increase in the TED spread or the LIBOR-OIS spread indicates a credit squeeze and a potential economic downturn.
TED Spread

The TED spread is the difference between the interest rate banks charge each other on [...]