Archive for November, 2008
Friday, November 14th, 2008
The news has been dominated in recent weeks by talk of the massive government bailout of the commercial banking industry. The government didn’t just throw this money around aimlessly, though. Instead, they have slotted the funds for the 9 banks of the bailout, which are all in desperate need of ...
Posted in banking | 1 Comment »
Wednesday, November 12th, 2008
If you have been following the global economy and its downturn over the last few months, then you have probably heard people talk about a problem with the money market and how this problem is impacting the economy at large. What is a money market and why is it so ...
Posted in lending | No Comments »
Monday, November 10th, 2008
Everyone has to have money in order to live. We use money as trade for services that we receive, and purchases that we make. What happens if our currency becomes worthless? It'll never happen, right? Well, it is a possibility for our currency to loose it's value. As a matter ...
Posted in money | 1 Comment »
Thursday, November 6th, 2008
The Fed, or the Federal Reserve Bank, is the government's bank. It is also considered the banks bank and is important to the balance of our economy. It handles all of the United States government's money and banking transactions. The Fed also governs a number of banks, setting limits on ...
Posted in finances | No Comments »
Saturday, November 1st, 2008
“The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s,” claims the International Monetary Fund (imf.org).
It appears that the IMF, the European Union, and World Bank have been quite busy bailing out one country or another. ...
Posted in economy | 1 Comment »