All Posts Tagged With: "Recession Stocks"
Heads Roll at Lehman Brothers
This week saw Lehman Brothers replace two of its top executives: CFO Erin Callan and COO Joseph Gregor. The two will remain at the bank in lesser roles.
“As recently as a month ago,” says Justice Litle in Taipan Daily, “Erin Callan was on top of the world.”
The WSJ did a glowing piece on her rise through the ranks. Condé Nast’s Portfolio magazine dubbed her the most powerful woman on Wall Street.
BusinessWeek: 95% Chance of US Recession
There is a 95% chance that the US economy will enter a recession, according to a report in BusinessWeek magazine.
Jennifer Yousfi in Money Morning gives some background and examines strategies for recession proof investing:
U.S. Federal Reserve policymakers cut the benchmark interest rate by less-than-expected three-quarters of a percentage point at their last meeting, a move that was designed to energize a badly flagging economy without causing inflation to spike or exacerbating the greenback’s decline.
Latest News
- Government Rescues Will Trigger a Bull Market in Gold11:22am CDT
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- Resource Stock Roundup Thursday, October 9, 20081:19pm CDT
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- Central Banks Coordinate a Rate Cut, It May Not Be Enough12:57pm CDT