As expected, the Fed announced a 50 basis point rate cut today. The move brings the benchmark rate down to 1%, the lowest level since 2004.

The Fed said that inflation was no longer a threat and that the central bank will cut rates as needed to boost the economy, according to Marketwatch.

Importantly, the Fed statement drew no line in the sand at the 1% funds rate target, raising the possibility that rates may move lower. The move raises lots of technical questions about having rates so low, but analysts said these matters are of less concern than ending the credit crunch. The last time the Fed funds rate was below 1% was in July 1958. With interest rates so low already, economist at RBS Greenwich Capital, said the rate cut was a “side-show” and that the ...

Almost another 700 point loss for the Dow, again!  The U.S. Government is thinking about stealing a move right out of the European Save the Nation playbook.  Buy the Banks.  Something has to be done plus if the government makes money, kick some back to us taxpayers.  Move people Move! Here's the lowdown, if Europe is doing it, so should we, and fast. http://www.usnews.com/blogs/the-home-front/2008/10/09/will-the-government-buy-stakes-in-us-banks.html Will the Government Buy Stakes in U.S. Banks? October 09, 2008 03:55 PM ET | Luke Mullins | Permanent Link | Print It wasn't that long ago that the government received sweeping authority to purchase $700 billion of distressed mortgage and other assets. But now the Treasury Department appears increasingly ...

Connecticut Hedge FundsConnecticut Hedge Fund GuideHere is a short collection of articles on the hedge fund industry in Connecticut. I am always looking for more valuable online tools and resources to add to these geographical hedge fund guides to the hedge fund industry. If you have a white paper or PowerPoint that I can include here please send me an email and I will post it for everyone's benefit.Look at a map and it would seem that companies and businesses looking to move out of New York City and into nearby suburbs would naturally choose Westchester County the city's immediate northern suburb. But when hedge fund managers began moving out of Manhattan a few decades ago, they ...