Business
« Previous EntriesBear Sterns Fund Managers Indicted
Thursday, June 19th, 2008As reported by just about every media outlet under the sun, two high profile executives from now disgraces brokerage house Bear Sterns, Ralph Cioffi and Matthew Tannin, have been indicted on federal securities fraud charges. The two of them were running two hedge funds for Bear Sterns which completely collapsed. What exactly did they do [...]
Venezuela and Ecuador vs… Colombia?
Friday, March 7th, 2008As reported by James J. Brittain and R. James Sacouman in the excellent on-line newspaper Venezuelanalysis,
On March 1, 2008, the Colombian state, under the leadership of Uribe, Vice-President Francisco Santos Calderón, and his cousin Defence Minister Juan Manuel Santos, illegally deployed a military campaign within Ecuador, which resulted in the deaths of Raúl Reyes, [...]
What a week!
Saturday, January 26th, 2008Wow. That’s all I can say after taking in everything that was this week in the markets. Monday, January 21st, saw huge sell-offs worldwide as everybody panicked over a potential United States recession. Then come Tuesday, the Fed himself panics and decides on a non-scheduled 75 basis point cut in the interest rate, the largest [...]
Rosenberg declares recession is here!
Tuesday, January 8th, 2008David Rosenberg, with Merrill Lynch, proclaimed that the often spoken recession that always seems just around the corner has arrived, in full force:
The U.S. economy has entered into its first major recession in 16 years according to David Rosenberg, chief North American economist for Merrill Lynch, who declared the downturn in a research [...]
Bush has a plan to fix subprime debacle
Thursday, December 6th, 2007Today President Bush unveiled a plan to try and make better the disaster that is known as the sub-prime mortgage market. Of course, we could immediately classify this into the “too little, too late” department, but let’s analyze some of his comments. First off, we have
the Bush administration hopes that it can help more [...]
Interest Rate… Cut!!
Saturday, September 22nd, 2007So the big news this week is the 50 basis points interest rate cut in the federal fund rate. The federal fund rate is essentially what banks charge each other to borrow money on overnight, short term loans. The lower the rate is, the cheaper it is to borrow money and the more liquidity is [...]
A Bank Run in England
Monday, September 17th, 2007The Northern Rock bank in England has an uncertain (to say the least) future on the horizon. As reported by multiple news outlets, bank customers have been waiting in excess of two hours to withdraw savings from the bank. As one of the articles explained:
Northern Rock is Britain’s fifth biggest mortgage lender, but customers [...]
The End of Uninterrupted Job Growth
Friday, September 7th, 2007First off, welcome to September. I’m back from my vacation, and I’m slowly but surely getting back into the swing of things.
Second, we all knew this day had to come eventually. The labor department released the new jobs figures for August, and lo and behold, employers eliminated 4,000 jobs in August. The New York [...]
Taxes Taxes and more Taxes
Friday, August 3rd, 2007Everybody pays taxes. You can’t help it, no matter how hard you try. What you can help, however, is at what rate your income is taxed and the amount of taxes you do pay, in the end. The current system we have actually enables the richest portion of US citizens the ability to pay a [...]
Market Volatility
Tuesday, July 31st, 2007The topic discussed by many an investor this week, market volatility has been at the forefront of most people’s minds since the massive losses incurred during last week’s roller coaster ride. However, as this excellent article from Vanguard points out, “It’s important, however, to tune out the media “noise” and put this volatility in perspective.” [...]