After the Friday losses, a badly shaken Wall Street is keeping its hopes up in anticipation of another slash in the rates by the Fed. It seems that these days the market seems to follow a philosophy of 'one day at a time'. The recent dismal showing by the housing market is still setting waves in the industry with more and more banks introducing more and more stringent rules regarding loans. Let us just say that the lending part by the banks is going to become less and less for the near future.
With such a poor showing and a fall by more than 26% in the sales of new homes, the markets reacted with a 'knee jerk' reaction. That is only to be expected.
But would the Fed slash rates this soon and if they do so, what would be the impact on an already weak Dollar? Wouldn't there be a free fall? As it is the Dollar has lost so much of its value against a host of major currencies and today it holds supreme only over those currencies whose rates are still stringently controlled by their central banks. My two bits is that the Fed would slash the rates but it may not come as early as the wall street thinks. It would probably happen around the end of the fiscal year, thereby giving the new Financial year a boost as well. But then again, it may happen soon, either way, it is time for a martini, dry, shaken but not stirred!
Monday, January 28, 2008
Wall Street floating on high expectations!
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scorpius
at
9:01 AM
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Labels: budget, economy, fed, fiscal year, martini, paulson, shakedown, shares, wall street
Wednesday, January 16, 2008
Personal and business loans?
These days, just about everyone needs a loan, with the Dollar losing its purchasing power, getting to meet the ends every single month has become more of a challenge than one would have liked to know. And the crunch of it all is that for a person to apply for a Business Loans at the bank, would have to wait forever for that loan to get approved. Talk about getting the bed end of things, it is one thing to realise that our monthly pay package may not have that purchasing power any more and that we may have to take out loans to just get through the month, but totally another to realise that the banks have left us high and dry.
Well, the banks may not be biting any more, but other than that there are countless number of institutions that offer unsecured loans for both the personal use as well as for Business Loan. Such a company is this one here, this site offers unsecured loans for both the personal kind and one that any small business may need these days just so that they can get by this month.
The nice part of this site is that approval is really quick and what is more, the rate of interest as well as the repayment plans that they have make them really attractive in the eyes of anyone needing a Small Business Loan these days. Of course, the key question that you should ask yourself is 'when do you need the loan?', well these guys are not the bank and they do not take forever with vetting your loan application. So, in reality your application would probably get approved within a matter of a day or two. So, if you are seeking a loan to help you out, click on the link and come on in!
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scorpius
at
11:54 AM
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