Suze Orman

After Wall Street's big plunge yesterday, Suze Orman on Larry King talks about what a good
time to buy some stocks. Today Ben Bernanke calm Wall Street down and it recover a hundred
points

Wall STreet Journal Clip

The dollar is weaker against the yen and little changed versus the euro early Monday amid jitters over subprime-mortgage weakness and geopolitical tensions between the U.S. and Iran.
The euro stood at $1.3172 from $1.3166 at Friday's close, while the dollar changed hands at 120.51 yen versus 121.09 yen. The dollar was at 1.2305 Swiss francs versus 1.2330 francs; sterling was at $1.9623 versus $1.9635.
Also weighing on the greenback are renewed worries about central bank reserve diversification and concerns that a ...

International Herald Tribune reports Rise in OIl Prices

Light, sweet crude for April delivery rose 22 cents to US$61.17 in electronic trading on the New York Mercantile Exchange by afternoon in Europe. Brent crude for April was up by 42 cents to US$61.04 a barrel on London's ICE Futures Exchange.
Nymex prices jumped 88 cents Thursday to settle at US$60.95 a barrel, continuing a rally that analysts said has largely been driven by demand for petroleum products.
U.S. crude inventories climbed 3.7 million barrels to 327.6 million barrels in the week ending Feb. 16, the Energy Information Administration said Thursday. But what stoked the market's advance were gasoline inventories falling by 3.1 million barrels to 222.1 million barrels, and distillates, which include heating oil and diesel, dropping by 5 million barrels to 128.3 million barrels.


Analysts were expecting, on average, a modest rise in crude oil and gasoline inventories and a smaller drop in distillates.
"Cold temperatures and refinery maintenance in the U.S. are seen to be responsible for the considerable stock draw," said Vienna's PVM Oil Associates. The high demand has been sparked by chilly weather and snowstorms in the Northeast and Midwest regions of the United States. Distillate fuel demand was nearly 10 percent higher over the past four weeks than it was over the same period last year, the EIA said.
Supplies remain relatively ample — U.S. crude, gasoline and heating oil stockpiles are at or above the average range for this time of year, the EIA said.
Natural gas futures fell nearly 12 cents to US$7.609 per 1,000 cubic feet on the Nymex and heating oil rose more than a penny to US$1.7395 a gallon (3.8 liters.)
Tetsu Emori, the chief commodities strategist with Mitsui Bussan Futures in Tokyo, said it was likely oil prices would remain within a tight range of US$57 to US$62 a barrel in the coming days.
___
Associated Press writer Tanalee Smith in Singapore contributed to this report.

What's up with Howard K. Stern - did he or didn't he? Is he a victim or con man?

Dow Jones Industrial Average hits 12,791.21.

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Bank Rates of Passbook and Statement Accts.

The passport and statement savings account rates are low around 0.4 to 0.45%.

Bulls are on a rampage

Wall Street closes with highes one day total in history. The Dow Jones was closed to the 1300
mark.

We Owe, We Owe, We Owe

chicagotribune.com >> Business
Shortfall in trade sets markOil imports, Chinese goods cited in 5th straight record annual deficitBloomberg NewsPublished February 14, 2007
WASHINGTON -- The U.S. trade deficit widened to a record amount for the fifth straight year in 2006, as American purchases of Chinese goods and imported oil more than offset an increase in exports.The gap between imports and exports expanded 6.5 percent last year, to $763.6 billion, the Commerce Department said Tuesday. The shortfall increased to $61.2 billion in December from a month earlier, more than economists forecast.China replaced Mexico as America's second-largest trading partner, behind Canada, during the year, intensifying complaints from lawmakers that the nation is keeping its currency weak to spur exports. The deficit also was swollen by rising oil prices."The big picture is exports are growing, but in '06 imports grew faster, particularly consumer goods from China," said Chris Low, chief economist at FTN Financial in New York. "The crude oil rise was entirely from price increases."For the year, imports increased to an unprecedented $2.2 trillion from $1.99 trillion in 2005. Exports rose to a record $1.44 trillion from $1.28 trillion."In the long run, I expect the deficit to gradually shrink," said Nigel Gault, director of U.S. research at Global Insight Inc. in Lexington, Mass. "We expect growth in exports combined with slower import growth. The 2007 annual deficit should be substantially below the 2006 figure."Imports of goods and services rose 2.1 percent in December, to $186.7 billion. Shipments of consumer goods to the U.S. increased to a record $40 billion, and purchases of foreign autos and parts surged to $22.6 billion, also an all-time high.Oil imports increased to $23.2 billion from $21.5 billion in November, which was the lowest figure since July 2005. America's oil import bill jumped to $302.5 billion last year from almost $252 billion in 2005.In December, exports rose 0.6 percent, to $125.5 billion, reflecting higher sales of autos, food and consumer goods.The politically charged trade gap with China shrank to $19 billion in December from $22.9 billion in November, but for all of last year the deficit surged to $232.5 billion from $201.5 billion.Treasury Secretary Henry Paulson told the Senate Budget Committee last week that the U.S. is pressing China to seek more flexibility in the Chinese currency's value."They've been moving it more quickly, but it's not moving quickly enough," Paulson said.The trade gap with Japan narrowed to $7.5 billion in December from $7.9 billion in November. For all of last year, it expanded to $88.4 billion from $82.5 billion.The shortfall with Canada, America's biggest trading partner, widened to $5.6 billion in December from $5.2 billion in November. It narrowed to $72.8 billion for all of 2006 from $78.5 billion.
Copyright © 2007, Chicago Tribune

Falling Dollar ,Euros & Yen rise in value

By Wanfeng Zhou, MarketWatch. NEW YORK (MarketWatch) -- The dollar fell against other major currencies Tuesday after a government report showed the US trade gap widened more than expected in December.

According to MSNBC News the rise in prices of oil and the possible rising inflation may
cause Federal Reserve Chairman Ben Bernake to raise interest rates.

According to bankrate.com 1 year CDs are going at the high end from 4/50% to 5.46%.
Savings Accounts Rates are anywhere from 0.50% to 5.21% unless you have $25,000
in a Bank in Newbury, Ohio and its rate is 5.45%