Another government bailout ($3.7 Billion) is need to keep Fannie Mae’s net worth from entering negative territory after reporting a 4Q net loss of $6.5 Billion, as described in this Bloomberg article.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
US Government Shutdown Looms on February 9th as World Market “SELL” Signal is Triggered
Another U.S. government shutdown looms this week on February 9th.
Will it…won’t it? That’s the $64,000 question as more volatility is in store for markets.
Given the fact that there are great political divides over a variety of policies, increased volatility in the markets, and, now, the information that’s being revealed that may determine whether or not civil and/or constitutional rights were violated in the months leading up to and after the 2016 presidential election (and any political and/or legal fallout that may occur), will only add to the increased odds of chaos ahead, making future events less predictable. (more…)
Shut Happens
Well, it seems that our oh-so-useful, oh-so-effective Federal Government is out of money. Well, it’s massively insolvent already, but what I’m saying is that their pretend accounting has reached a point where they can’t spend any more FakeBux to keep the lights on. So about a million non-essential workers get furloughed (which begs the question – – why should they even have jobs at ALL if they aren’t essential?)
Anyhoo, don’t distress. This things typically don’t last that long.
Green Garry Green Ross
The equity markets seem to keep pretending that the tax cut bill is a big surprise, as with each trading day it gets “priced in” again. Last night’s trading was no exception:
