Online Trading and Investing Journal

Crude prices extended their march into record high territory on Thursday, shooting up more than $2 a barrel as a falling dollar and the prospect of lower interest rates attracted more investors to the oil market. Retail gas prices, meanwhile, rose closer to records above $3 a gallon.
Light, sweet crude for April delivery rose $2.95 […]

The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation, Chairman Ben Bernanke signaled to Congress on Wednesday.
He is fighting to keep the economy afloat after mighty blows from the housing and credit crises, while trying to contain inflation.
For now, the priority is […]

The United States economy is already in recession and is set for a further slowdown with the dollar expected to remain under pressure, investment guru Jim Rogers said on Monday.
Last week the U.S. central bank sharply lowered its forecast for U.S. economic growth in 2008 and said it was worried the economy could face further […]

Wall Street will face a slew of data this week: on Americans’ spending, inflation at the producer level, home sales and manufacturing.
So far this year, economic data has been mixed but worrisome overall, and that has made for a turbulent stock market. And investors are bracing for more of the same for some time to […]

Oil futures rallied again on Wednesday, pushing briefly past $101 a barrel after the Federal Reserve lowered its forecast for economic growth this year, convincing energy investors that the central bank will slash interest rates further. At the pump, meanwhile, gas prices rose another 2 cents overnight.
The Fed said damage from the housing slump and […]