Author Archives: Tim Paradis
Interest rates surged in the bond market Wednesday, March 24, after a government debt auction drew only tepid demand for second day.
The disappointing turnout for the Treasury Department’s $42 billion auction of five-year notes raised the prospect that investors’ appetite could be waning for Washington’s IOUs. If demand for debt drops, the government would be forced to pay higher interest rates to attract investors. . . . read more Read More
On March 9, 2009, it felt like the world was ending.
The Dow Jones industrial average had tumbled to a 12-year low of 6,547, and looked to keep plunging. A day later, Citigroup Inc. stopped the market’s drop with news that it was turning a profit. That began the stock market’s answer to the Great Recession: the Great Rebound . . . read more Read More
Few analysts forecast 2009′s remarkable stock market rebound as major indexes were plunging to 12-year lows last March. Now, with most experts predicting the pace of stocks’ gains will slow in 2010, there’s reason to believe they will be proven correct . . . Read More