by Manchester Financial | Nov 3, 2008 | Economy, Investing, Markets
There are three problems currently facing the economy and markets. First, too much credit was created for individuals, corporations, and government and it needs to be unwound. Individuals and corporations have begun that process and it will continue for several years....
by Manchester Financial | Oct 25, 2008 | Economy, Investing, Markets
Today we are seeing all the markets around the world sell off in historic proportions. Before the US markets even began trading this morning, orders to sell so overwhelmed the New York Stock Exchange that they halted additional sell orders from coming in until the...
by Manchester Financial | Oct 10, 2008 | Economy, Investing, Markets
A fundamental change to the financial system and the economy took hold in September. First, the bond/credit markets went into cardiac arrest during the month, intensifying mid-month, with limited trading going on, and a near run on money market funds. Bond prices on...
by Manchester Financial | Sep 22, 2008 | Economy, Investing, Markets
In the past several weeks we have had many questions about market conditions and the safety of the money market accounts at the custodians we use. In order to update you, we have enclosed a market update and a report from the custodian for your assets detailing the...
by Manchester Financial | Sep 21, 2008 | Economy, Investing, Markets
While the past year has been full of major-headline financial news, we have experienced a lifetime of it recently and the past week alone has been nothing short of historic: Sunday – Lehman Brothers, a 158 year old investment bank, declared bankruptcy after being...
