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September 26, 2008
"We cannot serve at a distance. We can only serve that to which we are profoundly connected, that which we are willing to touch." Joan BorysenkoWall Street:I'm sure, like me, you're drowning in reports, debates, opinions, treatises, articles and sound bites about recent events on Wall Street.While ..
September 26, 2008
The United States has already slipped into such a deep recession that it could be the most serious since World War II, said Martin Feldstein, President of the Cambridge group, who is considered the official word on economic cycles.If we continue with current trends what can we expect? Possibly ..
September 25, 2008
Not long ago, the President stood before the American People to make his case for the massive bailout plan that Congress is now working to approve. With the sincerity and the passion that characterize him, President Bush made it clear that “this time is an extraordinary period for America's ..
September 25, 2008
I am very worried about the bank bailout plan being passed by Congress. It posed the risk of lowering the value of the dollar, busting the national debt, and may not even work. At the same time there are alternatives.Because of this $700 billion plus bailout bill over the next two years you can ..
September 25, 2008
This is a frightening economic time, not just for the United States, but for the world as a whole. Everyone seems to be in a panic and perhaps rightfully so. It seems like every time you turn around some seemingly stable company is filing Chapter 11 or being acquired in a hostile takeover.The only ..
September 25, 2008
Goldman Sachs and announced that its research indicates that the car rental industry sector is over-fleeted, meaning that the major car rental groups have way too many cars for the number of folks traveling these days. Many of the largest car rental chains are showing a ‘revenue per ..
September 25, 2008
Well it finally happened. President George W. Bush stepped forward and said “our economy is in danger" and faces a “great challenge". Where did all of this begin and where do we go from here?The starting point could have been the beginning and escalation of the war in Iraq. The cost of ..
September 25, 2008
What caused the mortgage crisis? If you ask most consumers they will say, “Greedy mortgage brokers that made bad loans to good people". Perhaps they did play a part in the chain of destruction that America is in today, but they were only one link in a very long chain. The truth is, the ..
September 25, 2008
Folks have been talking about the paradigm shift coming to the United States as the Baby Boomers grow older and retire. Social Security will soon collapse, it was scheduled for 2042, but it will occur a decade sooner. When social security was really working well, 17 people were working for every 1 ..
September 24, 2008
Is he crazy? President Bush's comments tonight on the financial crisis failed to mention that in his quest for money to fund the wars in Iraq and Afghanistan, the Fed raised the interest rate killing the appreciation of individual's homes, as well as strangling those families who bought homes with ..
September 24, 2008
Anyone facing foreclosure knows that in most cases that they have been snookered. Funny how mortgage contracts will adjust for increasing payments, but none adjust down if the economy goes bad.Now the government is going to give Wall Street a 700 Billion dollar bailout plan. Now this plan is ..
September 24, 2008
We've recently watched the inevitable downfall of several major US insurance giants which were breaking one by one under the heavy pressure of American financial housing market crisis. Such huge and well-known mortgage corporations as Fannie Mae, Freddie Mac, American International Group and Lehman .
September 24, 2008
My phone rang and a frantic client asked, “What is this 700 billion dollar bailout mean and what is it going to do to my investments?"The answer that Warren Buffett gave on CNBC the morning of Sept. 24, 2008 makes sense to me. The bottom line? The bailout is necessary and will probably end up .
September 24, 2008
"The worst of the crisis in Wall Street is over,'’ said Buffet on the 3rd of May. (1) Yesterday he announced to buy a 5 billion stake in Goldman Sachs. How to evaluate these steps? Would you now follow the leader?The first question is, does Goldman fit in the BH-fund-approach of long term ..
September 24, 2008
On the 12th September 2008 XL Leisure Group went into administration. Following this, Peter Long the Chief Executive of TUI appeared on television and advised holiday makers to book with one of the large operators to avoid this risk. I feel that this is a huge generalization and given that XL ..
September 24, 2008
Other countries are faring no better, the once booming Australian market is now suffering very serious problems, in some areas all that is keeping the market going is people fleeing from other country's, mainly the UK, to Australia, and buying a house.Nearer to home the Spanish housing decline has ..
September 24, 2008
Economies rely on a degree of overconfidence. There is a gap between present realities and future expectations without which there would be no enterprise, no investment, no credit, no commerce, and no currency.However, at a certain point, the disconnection between reality and expectation becomes ..
September 24, 2008
Currently, California is in a world of hurt with their budget deficits and realize it is an enormous state and if it stood alone as a nation, it would be the seventh largest economy in the world, not very far behind some of the largest and most powerful countries on the Planet. And like all the ..
September 24, 2008
Oil prices have risen again and this time it has been the biggest ever single gain. They jumped from $16.37 per barrel to an agonising $120. Not only will this have repercussions on investors, but it is yet again to set the daily living cost to a ridiculous rate including petrol, oil and diesel ..
September 24, 2008
We are in the middle of a massive credit crunch and it is not set to start improving until 2010, so be prepared for 2 more years of financial stress.Statistics that come from an expert financial data firm, said that a general drop in inflation will help to finally balance and aid the economy. ..
September 23, 2008
The continuing problems currently hampering the economy are limiting the financial goals of a large quantity of Britons.The latest research by Gocompare indicates that about 50 per cent of homeowners stated that the receding housing market and impact of the credit crunch has caused them put a hold ..
September 23, 2008
How in the world do we all of sudden have 700 billion dollars?It is amazing to me how the president and congress can come up with $700 billion to help “fix the economic crisis" and bailout these major banks, but it cannot help the poor, needy, homeless, and hungry.It is amazing how all of a ..
September 23, 2008
I've been down this road before (as have all my fellow Americans), during a little dance called “The RTC’. You may or may not remember what those letters stand for...Resolution Trust Corporation. The fed created it to clean up the mess left by the owners who looted their own savings and .
September 23, 2008
What's My Prognosis Doctor?Oh boy! Here we go again. We had a great reversal day in the stock market on Thursday which led into a great day on Friday on news of a mortgage market and financial institution bailout plan. This all combined with a massive short squeeze on the 799 financial stocks that ..
September 23, 2008
The facts are I believe anything can happen but digging deeper I realized some very concerning issues. Firstly the US govt has enormous money problems of it's own. The government is much greater in debt than AIG, Fannie and who knows who is next. The national debt is approx $9.634 trillion ..
September 23, 2008
I have heard this question asked repeatedly. I find it an insult to ones intelligence to even state this. There has to be a scape goat. Did the short sellers make the banks give loans to speculators that were not going to live in the houses. Did the short sellers make the banks give loans to ..
September 23, 2008
Yet Another Bank Failure This Week. You probably did not hear that there was yet another bank failure this week.The Fed closed down Ameribank a 102-year-old West Virginia bank on Friday. Ameribank, founded in January 1906 and had $102 million in deposits and assets of $115 million as of June 30 of ..
September 23, 2008
If history is ever a lesson we should learn from it, maybe just once. True there are always economic cycles but bubbles are formed mainly due to one reason “Cheap Money". More so, bubbles only really become apparent in hindsight. What we are encountering is nothing more than panic & ..
September 22, 2008
I hope every one is aware of the Wall Street ‘bail out’ being proposed. Here are some facts that are not widely spread by the media.1) This bail out is for losses that MAY occur, but have not yet happened.2) Much of the one point three trillion dollars ($1,300,000,000,000) proposed is ..
September 22, 2008
This past weekend while most of us were asleep, at church or simply trying to enjoy ourselves, the Bush administration concocted the greatest government intervention in the financial markets since the Great Depression of the 1930s. Basically, the plan will stem the credit crisis which was ..
September 22, 2008
Finally, one of the most extraordinary weeks in stock market history is coming to an end. The week began with Lehman Brothers (LEH) filing for bankruptcy, followed by an $85 billion dollar government bailout of insurance giant American International Group (AIG), and concluded with the federal ..
September 22, 2008
Euro was established and came into practice with the sole aim of giving the Dollar a tough time as the universal currency. But, as speculated, it hasn't helped the European economy much; rather, according to surreys and news reports, growth rate of many European nations was just a meager 1.4% in ..
September 21, 2008
The US governmental plan to perform bail-outs of failed banks, which were “too big to fail", failed itself. It encouraged investors to start duck shooting. As Raghuram Rajan, economist at University of Chicago and former chief economist at the International Monetary Fund stated on Bloomberg: ..
September 21, 2008
Silver, Kesef in Hebrew, also has the meaning of desire as in Kesef Nefshi/My Soul Expires with Desire for the Creator, but when applied to the physical realm desire can be the initiator of greed. Then tenth of the Ten Commandments explicitly denies the desire to covet the neighbor's possessions, ..
September 20, 2008
There are many forms of currency out there, but the one that has stood as an almost universally accepted form, is Gold. People covet gold, people give gold as gifts, people store their hard earned wealth as gold, and I believe that it will continue to stand the longest as the most accepted form of ..
September 20, 2008
As the U.S. economy tanks and the dollar declines many on Wall Street and throughout global financial markets are anticipating the ultimate death of the dollar when the greenback eventually has a heart attack.Don't be like millions of Americans losing their hard earned savings, investments, and ..
September 19, 2008
Well the number one culprit would have to be greed an unquenching greed and dishonesty. The financial service sector wanted to play off their troubles like it was no big deal all along they knew they were headed for trouble. There is no regulation in the industry, these companies can say whatever ..
September 19, 2008
Recently, many young adults have graduated from college and are getting ready to make the transition from college life to the “real world." Unfortunately, a recent data report from Demos, a public policy organization, indicates that this generation of young adults may be the first not to ..
September 18, 2008
While politicians on both sides of the aisle go on cable news and try to deny their involvement in the current financial crisis and pretend that over the last eight years there was nothing that they could have done to prevent the circumstances that created the largest structural meltdown since the ..
September 17, 2008
The existing real estate market is in decline and current forecasts do not see a significant rise any time soon. However, there are many variables that could affect this forecast. Being an election year, a new president, depending on the policies of his platform, may be able to change the economy ..
September 17, 2008
An increase of 26 points in online queries related to flat rentals from the beginning of 2008 was followed by an increase of prices of more than 35% in the same period. Internet is nowadays hosting hundreds of thousands of properties on offer in London and the UK. When private landlords and/or ..
September 17, 2008
1. IntroductionJapanese economy has caught in a stagnation and deflation in almost a decade. Svensson (2003) summarizes that two factors which trigger Japan caught in a trap are policy mistakes and a failure to coordinate policies to recover Japanese economy.There are some debatable arguments ..
September 16, 2008
Why is the Federal Reserve working so hard to bail out AIG? Well, maybe you do not realize this, but AIG is a world-wide company, it is one of the largest companies on the planet. It insures nearly every building, airliner, ship, oil platform and re-insure lease agreements and deals around the ..
September 16, 2008
Even with the devastation from Hurricane Ike during the 2008 Atlantic Hurricane Season, where ten oil rigs were severely damaged, it appears that the US demand for oil has dropped due to price and an overall slowing economy. But it is not just the US that has slowed down, remember; “When the ..
September 16, 2008
Seemingly desperate measures are being taken by lenders and businesses across the property market and only this week, UK house building giant Barratt unveiled a number of incentives aimed at attracting the already few buyers in the market.Barrat has pledged to reimburse any losses up to a maximum ..
September 15, 2008
"By the time you get to be my age, you want to know just how many of the people who love you, actually do love you!" Warren Buffett, the sage of Omaha and originator of this quote, was an acquaintance from our 20 years in that wonderful Midwestern city. His wife Susie, now deceased, was heavily ..
September 15, 2008
A lot of people I talk to are struggling in this economy. In my area in Southwest Florida there was a lot of real estate speculation where the profits were not realized and some people got in over their head. There is also the effect of fewer real estate transactions occurring which affects almost ..
September 15, 2008
Gordon Brown has unveiled a £1 billion plan that will help low income families and pensioners deal with the increasing energy prices and promised that it would be funded by the suppliers and producers.The plan is meant to save people half on their energy bills as well as offering free installation ..
September 15, 2008
India boasts of an economy, which is considered to be the twelfth largest in the world. As predicted by a leading investment bank Goldman Sachs, by the year of 2025 India's economy will be the third largest only behind USA and China. If it continues to grow at this rate, it will not be long, when ..
September 12, 2008
When dinner is ready, hungry children never have to be rounded up to come to the dinner table, a simple sound of the bell is enough. If the dinner is still in the stove and uncooked, never tell the children that they should be eating right at this moment, because it will only increase their hunger ..
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