December 12th, 2008
You can’t make this stuff up.
On Wall Street, his name is legendary. With money he had made as a lifeguard on the beaches of Long Island, he built a trading powerhouse that had prospered for more than four decades. At age 70, he had become an influential spokesman for the traders who are the hidden gears of the marketplace.
But on Thursday morning, this consummate trader, Bernard L. Madoff, was arrested at his Manhattan home by federal agents who accused him of running a multibillion-dollar fraud scheme — perhaps the largest in Wall Street’s history.
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November 30th, 2008
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November 20th, 2008
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November 1st, 2008
Econoday Report: Personal Income and Outlays 31, 2008
Personal income in September 2008 rose 0.2% from August. Real personal consumption expenditures (PCE) fell 0.4% and nominal PCE fell 0.3%. Real disposable personal income (DPI) rose 0.1% and nominal DPI increased 0.2%. The personal savings rate as a percentage of DPI was 1.3% in September.
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October 19th, 2008
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October 19th, 2008
St. Louis Fed: Series: WBAA, Moody’s Seasoned Baa Corporate Bond Yield
Series: WGS10YR, 10-Year Treasury Constant Maturity Rate
According to the latest data from the Federal Reserve, Baa corporate bonds are yielding 4.56% more than 10-year Treasuries. The chart below shows this relationship over the last 40+ years.
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October 19th, 2008
12-Month Percent Change in Consumer Price Index
Source: Bureau of Labor Statistics
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October 19th, 2008
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September 29th, 2008
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September 27th, 2008
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