One of the basic premises for the Fed having the ability to cut interest rates to help stimulate the economy and ease pressures in the credit markets is that inflation is still moderate.  Crude oil had broken below $90, and seemed ready to break through $85, which could have easily taken it down into the […]

The stock market opened significantly lower Tuesday, and weakened throughout the day, closing with the worst losses since February 2007.  The selloff began before the market opened, when economic data was released showing a weakening economy in the service sector.  The ISM non-manufacturing index came in at 41.9, the second lowest reading in the 10 […]