However, to get to that point, requires a depression first. People have to save and have enough in savings to spend during down periods instead of have government spend for them. Savings acts as a damper and minimizes booms and busts. The savings during the up time, reduces the potential for “irrational exuberance,” and the [...]
The stock market, could (but who really knows) be looking at a global recovery without us. Thus, at some point the DOW goes to 50,000 (due to devalued dollars and earnings converted to dollars) but, you won’t be able to buy anymore with DOW 50,000 dollars than you can with DOW 9,000 dollars.
If the “trillion [...]
Prosecutors File Brief In Support Of Revoking Madoff Bail
Last Update: 1/6/2009 8:23:09 PM
By Chad Bray
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Prosecutors filed a brief late Tuesday with a federal
magistrate judge in Manhattan in support of their motion to revoke bail for
disgraced financier Bernard L. Madoff.
However, the brief wasn’t [...]
Facts About Refund Anticipation Loans
SANTA BARBARA, Calif., Jan 06, 2009 (BUSINESS WIRE) — With income tax season
beginning, many taxpayers are exploring the use of Refund Anticipation Loans
(RALs) as a means to obtain the proceeds from their anticipated income tax refund
as quickly as possible. Unfortunately, many sources of information on RALs
provide an unbalanced representation of their [...]
List Of Entities Announcing Exposure To Madoff Investments-2-
Last Update: 1/6/2009 3:30:00 PM
The following entities have announced exposure to Bernard L. Madoff Investment
Securities LLC, the New York-based business that allegedly lost $50 billion in a
giant pyramid scheme.
Entity: Bard College
Exposure: $3 million
Date of disclosure: Jan. 6
[...]
To address the problem of banking panics
To serve as the central bank for the United States
To strike a balance between private interests of banks and the centralized responsibility of government
To supervise and regulate banking institutions
To protect the credit rights of consumers
To manage the nation’s money supply through monetary policy to achieve the sometimes conflicting goals [...]
NEW YORK (Dow Jones)–U.S. investment-grade companies seized the opportunity to
sell debt Tuesday, including a $4 billion 30-year bond offering from General
Electric Capital Corp. that will not carry a government guarantee.
The bonds launched carrying a risk premium of 400 basis points over Treasurys,
which would give them a yield of approximately 7.07%.
On Monday, GECC, the financing arm [...]
WASHINGTON (Dow Jones)–As the House Financial Services Committee conducted its
first hearing Monday into the failures of the Securities and Exchange Commission
to uncover Bernard Madoff’s alleged Ponzi scheme, the U.S. Senate Banking
Committee began its own probe into the matter.
In a three-page letter sent to the SEC chairman, Senate Banking Committee
Chairman Christopher Dodd, D-Conn., and Ranking Member [...]
Special Report: Global Financial Crisis
BEIJING, Jan. 6 (Xinhua) — Amid waves of job cuts worldwide, China has embarked on active measures to minimize job cuts and has pledged to boost employment this year.
The financial crisis continues to hurt the fourth largest economy and pushed many enterprises to cut their headcounts.
The following provinces are among the [...]
I’ve been poor and never once considered throwing myself in front of a train or stealing to get the job done. the richest are often the most fragile and hollow. Rich people dont know how to live like a poor person. in his case ‘ SHAME DOES KILL’
German billionaire said to commit suicide after [...]
It would be interesting to see how the price difference relates to what the artist / songwriter ultimately gets for the song purchased.
SAN FRANCISCO (MarketWatch) — Apple Inc. on Tuesday made its last appearance at the annual Macworld conference, releasing a new version of its MacBook Pro notebook and announcing pricing and copy protection changes [...]
We have been in an overly optimistic mode since Obama was elected, and this has been global. Toyota announces an 11 day plant closure in Japan and the Nikkei rises. Stocks rise here on individual company good news, but don’t fall on systemic bad news. Government bailouts go to banks to give them money to [...]
While most of America was busy trading home equity for a TV, RV, and SUV, I was busy renting apartments and driving an economy car. I refer to it as “living beneath your means”.
When I saw things going down in 2006, I sold everything and “de-leveraged” into one house (which is now completely paid for). [...]
They have always been (for the past 100 years, anyway) so dumb they would sell your kid to science for a freshly printed $1 from a crooked banker.
Congressional stupidity is how the private Federal Reserve gets away with printing cash to bankroll the pre-WWII Japanese navy, the lion’s share of Hitler’s war machine, and finally [...]
I find it interesting to read the various investment blogs, and the content of most of the postings. Boy have they changed over the years. After investing in this market for 30 years, I even find myself over-using the terms “manufactured fraud” to describe the market. It’s easy to get caught up in it I [...]
Stumble It!