Chris Gildersleeve's (ctmortgageguy) Blog

Federal Reserve Chairman Ben Bernake will speak today at noon EDT to discuss the financial crisis.  What can he say since he already predicted the recession will be over or at least the down turn stopped by years end.  That's seems to be as positive as anything that he'll say today.  Maybe he'll ...

The Fed yesterday pledged to inject another $1 Trillion into rthe economy the try to bolster the housing market and lift the country out of the recession. This was good news to the bond market which went up     1 1/3 points after the announcement yesterday afternoon.  The prediction now is that t...

Yesterday was a very strong day in the stock market because of the government issued statistics on housing starts in February.  Also, the government decided to go after all of Madoff's assets including the ones in his wife's name.  Good news.... Today, does not seem to be as positive.  The market...

There has been some movement in "mark to the market" accounting by the Financial Accounting Standards Board.  This is an important step to get the stock market moving because it will strengthen many banks thus helping to strengthen the financial system which many economists, as well as the Fed Ch...