An Astounding Display of Hubris

In an astonishing display of hubris, executives at insurance AIG headed to a $440.000 retreat at one of the nations most luxurious resorts. The retreat was held less than a week after the Federal Government offered an $85 billion dollar bailout to the insurance giant....

IMF Meets In Washington

Last week's meeting of the International Monetary Fund (IMF) was attended by the world's financial leaders who are putting aside political differences in order to stave off a global recession....

World Banks Cut Rates

Following the lead of the US Federal Reserve, central banks around the world announced rate cuts designed to lift the global economy in the face of a recession....

Euro Rises on Forex Market

Following an announcement of a coordinated European bank rescue plan the Euro rose against the Dollar. It is thought by some economists that the European rescue plans have reduced the dollar's attractiveness as a safe haven....

US Government Announces $250 Billion Capital Injections

Tuesday the US government announced a $250 billion plan to help banks repair their balance sheets and restore confidence in markets. The government will inject capital directly into the banking system by purchasing preferred stock and warrants to purchase significant stakes across a number of banks....

Investor Confidence and the Bailout

The recently passed $700 billion dollar bailout which was supposed to rebuild economic confidence instead triggered massive sell offs in global markets. Investors feared that the plan was too little and too late....

Euro Rises Against the Yen

On Tuesday the Euro rose sharply against the Japanese Yen signaling investor confidence that the coordinated European bailout plan will revive floundering banking systems....

Asian Markets Respond to US

Markets around the globe posted record losses last week but following a meeting of Eurozone leaders over the weekend Asian markets slowly climbed and as of Monday Asia Pacific index gained 7.7% after dropping 20% last week; the worst performance in its history....

Waiting for the Thaw

It is hoped that the recent coordinated rate cuts by the US Federal Reserve and European Central Banks will thaw frozen credit markets globally. The credit crisis has been trickling down into the everyday economy....

Monday's Rally and Forex Opportunities

Last week's doom and gloom in world stock markets was tempered by Monday's astounding gains, the largest since the great depression. The Dow rose 11% the largest one day gain since 1933....