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Why did Dino go to the hospital?
Because he was (Dino) “Saur”.
How do you make eleven even?
Take away the “el.”
How do you make seven even?
Take away the “s”
Why did the chicken cross the railroad track?
Because it wanted to get to the Chick train.
What is a duck on the 4th of July?
Knock, Knock…Who is there?Banana…Banana who? Banana…Banana who?Banana…Banana who? Apple…Aren’t you glad I didn’t say banana?
Are you 5?
No! I am not 5! I am 4.95 plus shipping and handling!
Knock knock…Who is there? Panther!Panther, who? PantH-or-no-PantH I am going Thwiming!
Laughs above are credited to kids and various sources.
Business fun facts!
Over $18 Trillion a year is spend on ConsumerGoods worldwide. Women account for almost two third of it. Just think about this women power!
Did you know the ancestry of American people? It is a melting pot of immigrants from all over the world. This trend continues today. These immigrants make the America great, including best in business.
There are over 300 million Americans. Ancestry of Americans include approximately Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%. The rest are from other countries.
About US housing
At the end of 2008 approximately 7 out of 10 people in the US owned a home. The US population is over 300 million.
In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion.
Not so fun fact…there are over 15 million home owners with questionable mortgage loans. Experts believe that 2/3 or over 10 million have potential of foreclosure…but this number is going down
Bernanke spooks investor
The Federal ReserveChairman Ben Bernankecomments sent investors running for safety outside of the stock markets. Chairman said that if economic conditions continue to improve, the Federal Reserve could reduce the pace of bond purchases (Quantitative Easing, also known as QE; read below) later this year, and end it by middle of 2014. He also suggested that economic risks have diminished since the fall of 2012.
The DOW closes down 279 points or 1.85%, the S&P500 was down 38 points or 2.34%, and NASDAQ was down 93 points or 2.69%, week ending June 21th. Oil was also down $4.54 closing at $93.35 per barrel.
What is Quantitative Easing (QE)?
This is a process used by government Federal Banks to inject large amounts of money (or liquidity) into the economy to stimulate the stalled growth. This process is used rarely, and when traditional tools available to Federal Banks do not work. For example, when Federal Banks traditional monetary policy and change in interest rates becomes ineffective to stimulate growth, then Federal Banks can buy (to increase the money in the economy) or sell (to reduce the money in the economy) government bonds.
The first Quantitative Easing, also known as QE1, started mid-2008 after the last recession due to bad banking loan crisis. The amount ranged from $600 Billion to $1.25 Trillion. But just a few months later in 2010 Greece debt problemkicked off the real risk ofEuropean Union (EU)economy getting impacted by theGreece, Spain, Portugal, Italy, and Ireland debt threat. The Federal Reserve initiated the second Quantitative Easing, also known as QE2, in the amount of $600 Billion. Then in September 2012, Feds added the QE3 in the amount of $85 Billion every quarter until the economic condition impRoves and unemployment rate is below 6.5%.
Now Federal Reserve is saying that it needs to put an end to QE3 considering that it sees positive changes in the economy, and also to return to the traditional ways to influence monetary policy.
Read about last interest rate change by Feds. Volume 248 Also read What is Fed Funds rate and Discount rate? Volume 22
Fed Funds Rate unchangedDiscount Rate unchanged at 0.75%