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Fed Maintains Status Quo, Keeps Key Rate at Record Lo...
By James Gelfer on December 16, 2009 | No Comments
Earlier today Ben Bernanke, the Chairman of the Federal Reserve, announced that the Fed would be leaving the nation’s key interest rate at its current “exceptionally low” level. Since December of last year, the rate has been set at 0 to .25-percent in an effort to spur lending throughout the c... -
US Debt Tops $12 Trillion: Now What?
By James Gelfer on December 4, 2009 | No Comments
In the wake of several multi-billion dollar bailouts, many of us have become desensitized to these astronomical amounts of money. I used to think that a million dollars was an exorbitant figure, but it has now been reduced to mere “chump change”. According to a recent report from the Treasury De... -
The Dollar’s Freefall: What it Means for the Econom...
By James Gelfer on November 12, 2009 | No Comments
For decades the dollar has been the benchmark currency throughout the world thanks to the United States’ thriving economic enterprises and stable central government. Despite still being the global reserve currency, the dollar has been knocked around over the last decade. The dollar has lost nearl...





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