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« 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 [...]
Inflation Looms!
Wednesday, June 11th, 2008Inflation is always a concern. Nobody likes to have their money devalued. Yet with each passing interest rate cut by the Fed, the inflation rate will increase. Now that the federal funds rate and discount rate are at lows not seen since Greenspan’s attempt in the early 2000s to fix the post-technology bubble, people have [...]
You CAN make money on renewable energy
Wednesday, February 20th, 2008Reuters news service is reporting that “Investors pledge $10 billion for renewable energy“, stating:
U.S. institutional investors pledged at a U.N. summit on Thursday to invest $10 billion over two years in technologies that aim to reduce greenhouse gas emissions and to pressure companies to disclose their risks associated with climate change.
This is a big [...]
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 [...]
Market in Turmoil
Tuesday, November 13th, 2007It’s been a while since I posted - and things have gotten out of control! The market is up, the market is down, the market is up again.. People have been asking me what’s happening and why is their Roth doing so poorly. Well, I hate to break it to you, but the stock market [...]
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 [...]
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.” [...]