Visa IPO Price Set

About $44 per share, and 17.9 billion dollars in market capital. It’s just the natural course of things. Create a company that is based upon building up debt. Get the debt up to record levels! Just as it looks as though major defaults may be around the corner, spin the company off in an IPO! [...]

Exxon Mobil Profits

40.6 billion is the highest annual profit for any American Company …ever. In a recent CNN story, Exxon Mobil said “for every $1 we earn, we pay $2.50 in taxes.” Hey, We’ve got the Futon Poncho, how can we get in on that deal? We’d would be happy to take out a loan to pay 100 million [...]

Emergency Rate Cut

The Federal Reserve cut U.S. interest rates by three quarters of a percent. That is the federal funds rate or the interest rate that banks charge each other on overnight loans. The new rate is 3.5% down from 4.25%. This is the first emergency rate cut by the Fed since September 11, 2001.
International markets over [...]