Can JPMorgan Bear The Load?
JPMorgan Chase appears close to closing the deal to acquire Bear Stearns. The arrangement, just 2 days after Bear Stearns stock price dropped 46% in a single trading session, would value the teetering financial services company at about $236 million ($2 per share)....It’s the Stupid Economy
It’s odd how Retail Sales could have the nerve to be up when everyone knows it should be down. How does it do that? Simple, really, higher prices where demand is not going to retreat quickly. Gasoline. And the stuff that uses it. The problem is that the only...The House Moved Fast!
That economic stimulus package (mentioned here just a couple of hours ago) got turned around quick in the House! Looks like we’ll be seeing some cash. I just want to know when they want it back. Daniel Gross at Newsweek doesn’t think it will work. ...Senate Passes Stimulus Package – House To Work Quickly On Approval
The US Senate passed a stimulus package a short while ago. From the Wall Street Journal: The Senate passed an economic rescue plan that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the...Stay in Touch
