On the brink of finacial collapse? I’ve heard that many times over and over. I actually have a phone conversation with a friend whose friends stock portfolio went from $1,000,000+ to a little over $60,000. Apparently he’s having a panic attack–his portfolio consisted of Bank of America and Citi stocks. Yeah, bad. I haven’t exactly posted [...]
Continue reading...7. March 2009
On the brink of finacial collapse? I’ve heard that many times over and over. I actually have a phone conversation with a friend whose friends stock portfolio went from $1,000,000+ to a little over $60,000. Apparently he’s having a panic attack–his portfolio consisted of Bank of America and Citi stocks. Yeah, bad. I haven’t exactly posted [...]
Continue reading...21. February 2009
Four bad bear markets and comparison of historic financial collpases. Interesting picture.
Continue reading...14. December 2008
Today, an Iraqi reporter thought he would be clever and tried to throw a shoe (size 10) at President of the United States of America, George W. Bush. C’mon, why would you want to do such a thing? I’ve been in mini-debates with people since hearing this news defending that it was DEFINITELY the wrong [...]
Continue reading...5. December 2008
There has been a total of 533,000 jobs lost in the month of November. There was a recent economic forecast that we would probably be receiving about 320,000 job cuts–so the 533K number really hit people this morning. It was officially announced earlier this week that the United States of America is officially in a [...]
Continue reading...24. November 2008
News reports all over claim that the government has apparently approved a $20,000,000,000,000 (20Billion$) to keep Citigroup’s head above water. I’m assuming news like this should raise the price of Citigroup’s stock? Let’s see how investors react in about 15 minutes or so. Other information regarding this situation: Everyone is saying if the US Government were to [...]
Continue reading...23. November 2008
Four Arabic Gulf States were asked by the United States government for about $300 BILLION dollars in order to ease the global financial meltdown. Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait. What is [...]
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7. March 2009
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