Markets declined sharply this week in preparation for a U.S. credit downgrade by Standard & Poor's ABC news felt confident to break the news of the U.S. government preparing for an expected S&P down grade sometime after market close this weekend. [more inside]
posted by Poet_Lariat on Aug 5, 2011 - 679 comments

Ladies And Gentlemen… Dow 25,000! A few years ago, some financial wizards thought the good times would go on and on and on. The mega-market could bring Dow 30,000 or Dow 36,000. Maybe the real estate boom will not bust.
posted by Yakuman on Jan 10, 2009 - 52 comments

On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch. [more inside]
posted by Pastabagel on Sep 20, 2007 - 99 comments

What ever happened to ultraprosperity? This 1999 article written on the middle of dotcom stocktopia may make you laugh, cry or keep scratching your head, at least. Now, where's the "ultraprosperity" we were promised when we need it the most - right now- us balancing in the verge of recession, burst bubbles and nonstop layoffs?
posted by betobeto on Aug 4, 2001 - 8 comments