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...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 [...]
Continue reading...20. November 2008
It’s not often I have anything good to say about politicians, but I’m willing to reconsider for Rep. Gary Ackerman. as quoted by CNN: “There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going to be [...]
Continue reading...13. November 2008
FINANCIAL MELTDOWN “Financial Meltdown”–that’s the article of today’s Yahoo! article titled “Congress examines whether more changes are needed in $700 billion bailout program”. Interesting. The Dow took a nasty dip today on reports that the United States government doesn’t want to buy crappy asset leftovers from the bank. What exactly did we see on Wall Street today? Google’s [...]
Continue reading...22. October 2008
Well, “Recession” is back in the media and sending everyone into a panic. It just seems like this day happens every week, and is sort of a funny routine us Americans have gotten ourselves into. In terms of United States Recession, I really think that this term is just absolutely tossed around like no other. [...]
Continue reading...15. October 2008
Was holding off on some posts, but now it’s time to get back to business. We experienced a record rise of over 900 points in a day, and then things were starting to level out. There were some great bargains to be had… and trust me, if I could, I would’ve dropped a lot of [...]
Continue reading...9. October 2008
Here’s a little cute cartoon of what Halloween 2009 might look like. Haunted houses for sure! *** Kids in costumes walking around trying to go trick-or-treating but there are foreclosure signs in front of the houses. Foreclosure means that the owners of the house could not pay off their house payments. This cartoon is related to [...]
Continue reading...9. October 2008
There’s a National Debt Clock that is shown in Times Square New York. On Wednesday October 8, 2008, the clock ran out of digits to record the increase in our national debt. Scary? You bet. The solution temporarily was to take out the dollar sign and make it into a number–the number one. What’s our [...]
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7. March 2009
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