There was a time when you could buy a security, almost any security and know that in a short space of time you could sell it at some profit. Or, if your approach was a little more advanced, then you might be able to borrow and sell a security, almost any security and know that [...]
China
China Misjudging America
China, the fastest growing economy and population country on the face of the first planet to be dominated by humans seems to be overplaying their cards against the USA straight flush.
As I sit here watching Cramer give his apology to us suckers that sometimes listen to every word as legal advice from a personal financial [...]
Business
Deficits and Recessions
Government deficits don’t correct recessions because the increase in spending; for however long it may be drawn out is never intended to be permanent. Without the general acknowledgment that the increase in government outlay is always going to be there and at the elevated level, consumers will treat the cashflow as temporary. And according to [...]
Economy
IRS Tries to Jolt the Economy
The IRS announced that more than 1.3 Billion dollars in tax refunds for the year 2006 have been unclaimed. One can only imagine how bad the US governments books look like to make this a highly publicized story. One would think that in such trying times where the treasury cant print money fast enough the [...]
Banks
Paying To Not Pay
The Senate this month could finally bring closure to two big domestic issues, financial regulation and health care reform, and in the process crown some of the biggest winners and losers in this Congress.
Take the case of JPMorgan Chase. It spent more than $5 million lobbying Congress last year and has already doled out nearly [...]
Business
The Most Valuable Teams In Sports
Recession, smesession- thats what the worlds top sports teams say to the economic downturn. Forbes has recently released their list for the top valued teams.
Leading the way is Manchester United with a value of 1.87 billion. Considering the fact that it was purchased for 1.45 billon in 2005 by Malcolm Glazier, this number is not [...]
Economy
OIL Artificially Low
Today’s relatively “cheap” gas won’t last, says Stephen Schork, editor of the The Schork Report. This summer, gas will likely be back over $3 a gallon again.
Why?
Because refiners, the folks who make crude oil into gasoline, are getting killed. Speculators have driven the price of crude oil up well beyond where it should be [...]
Economy
Short Selling To Be Controlled?
WASHINGTON – U.S. securities regulators will consider new short-sale restrictions on Wednesday, more than a year after the financial crisis provoked cries to rein in investors who bet on a stock’s decline.
The Securities and Exchange Commission is expected to vote on rules that would restrict short selling in a company’s stock if that stock fell [...]
Banks
Its Greek to the Greeks
As Greece faces up to the agony of its financial crisis, there can be only one way out. The country must look to the wisdom of its ancestors; not to learn from it, but to sell it.
Greece’s problem is that it has borrowed more than it can afford to pay back. Yet as the cradle [...]
Banks
Inflation Anyone?
There’s a lot of talk, worry, concern, focus, and in some cases even anticipation of some massive wave of inflation that’s suppose to wash over the US economy. I don’t personally think most of those people know, or at least fully understand what they’re talking about. Granted there otherwise would be some validity [...]
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