Category Archives: CNNMoney

New world on Wall Street

Federal regulators converted Wall Street’s remaining stand-alone investment banks, Goldman Sachs and Morgan Stanley, into bank holding companies Sunday night. What that means, reports CNNMoney.com, is the end of the era of the Wall Street investment bank, a storied institution that traded stocks and bonds, advised mergers and showered lavish bonuses on its executives.

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Filed under CNNMoney, federal regulators, Goldman Sachs, investment banks, Morgan Stanley, Wall Street Disaster. Barack Obama

>New world on Wall Street

>Federal regulators converted Wall Street’s remaining stand-alone investment banks, Goldman Sachs and Morgan Stanley, into bank holding companies Sunday night. What that means, reports CNNMoney.com, is the end of the era of the Wall Street investment bank, a storied institution that traded stocks and bonds, advised mergers and showered lavish bonuses on its executives.

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Filed under CNNMoney, federal regulators, Goldman Sachs, investment banks, Morgan Stanley, Wall Street Disaster. Barack Obama

Economists should listen to consumers

“Experts have a half-glass full outlook for the economy while average Americans are far more pessimistic. Here’s why the consumer is probably right.”

CNNMoney.com posted a story the other day that does not bode well for the economic outlook. Consumers surveyed earlier this month by The Conference Board, a well-respected private business research group, gave the bleakest six-month outlook for the economy ever in the nearly 42 year history of the survey. By a 3 to 1 margin consumers expect the economy to deteriorate over the next six months.

Click on the headline to read the story

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Filed under CNNMoney, consumer confidence, ecomonic outlook, Federal Reserve, Recession, The Economic Outlook Group

>Economists should listen to consumers

>”Experts have a half-glass full outlook for the economy while average Americans are far more pessimistic. Here’s why the consumer is probably right.”

CNNMoney.com posted a story the other day that does not bode well for the economic outlook. Consumers surveyed earlier this month by The Conference Board, a well-respected private business research group, gave the bleakest six-month outlook for the economy ever in the nearly 42 year history of the survey. By a 3 to 1 margin consumers expect the economy to deteriorate over the next six months.

Click on the headline to read the story

Leave a comment

Filed under CNNMoney, consumer confidence, ecomonic outlook, Federal Reserve, Recession, The Economic Outlook Group