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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 [...]
High Customer Satisfaction = High Stock Price?
Saturday, May 19th, 2007One of my favorite consumer blogs is Consumerist.com, which has tons of interesting stuff to read every day. Yesterday they strayed from the norm a little bit and posted a piece about the stock market, entitled “How To Beat The Stock Market: Buy Companies With High Customer Satisfaction Scores”. The post has received 16,000 page [...]
Weekend Financial Stories of Interest
Sunday, May 6th, 2007Here are some interesting stories from the world of finance over the weekend, just in case you can’t find something to read this Sunday afternoon:
Businesses Try to Make Money and Save the World, in the NY Times, is an article by Stephanie Strom all about a new type of investment firm: one owned by a [...]
How to obtain your credit report for free
Thursday, April 12th, 2007One of the most important things you can do to ensure that you have good credit is to check your credit report, to make sure no one has stolen your identity or allowed incorrect information to show up on your report. Your credit report and score are much more important than you might think - [...]
A Soulful Wit
Thursday, March 8th, 2007Although tempted to engage my contemplative counterpart in a spirited debate regarding the rationality (or irrationality, as the case may be) of participating in the lottery–it must be believed, dear reader, that I serve a larger role than that of faithful advocate for the Devil–I have chosen to let my first post serve merely as [...]
The Lottery Exposed
Thursday, March 8th, 2007As we are all transfixed on the extremely exciting Mega Millions lottery jackpot (a record $370 million) I thought it would be interesting to see just how much money gets spent on lottery tickets.
Most people think that lottery tickets are a fun, exciting way to spend a buck or two - “Maybe I’ll [...]