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Economy

Administration Brings Back One-Year Treasury Bill

Since 2001, we’ve had to do without the one-year treasury bill. The government was enjoying a nice surplus, so the need to raise money through the sale of treasury bills was not a high priority. As you know, times have changed. The surplus is gone, and we’re faced with a staggering budget deficit, and one [...]

JPMorgan Increases Bear Stearns Price to $10 and Home Sales Rise 2.9% After Six Straight Declines

Last week, the big news was that JPMorgan Chase was going to buy once multi-billion dollar rival Bear Stearns for around $2 per share, valuing the company even less than the value of their corporate headquarters building. Oddly enough, even after this announcement was made, the stock was still trading at a premium.
While the stock [...]

JPMorgan Chase Buys Bear Stearns for $2 per Share and the Fed Cuts the Discount Rate

Usually the economic news is relatively light on the weekends, but this weekend has been filled with news. Most notably is the news that JPMorgan Chase is buying Bear Stearns for a mere $236 million. This is significant when you consider that just last year, their stock was trading for around $150 per share, giving [...]

What the Presidential Elections Mean for the Economy and You

This is a guest post by Milk Your Money — a daily blog dedicated to helping it’s readers reach their financial goals by making smart everyday money decisions.
Historic Economic Policy Beliefs
Historically, Republicans have believed in policies that favor a free market. Policies that would in any way burden businesses from growing, innovating, or conducting [...]