Gold Price Bubble? Gold prices, what's ahead?
Stock Market Up and down, but when is the next bubble?
On Monday, the first official meeting of President Obama’s cabinet, the President asked his cabinet secretaries to cut a total of $100 million from their budgets in the next 90 days. “None of these savings by themselves are going to solve our long-term fiscal problems,” President Obama said of the cuts, acknowledging that they make up [...]
WASHINGTON–The U.S. Treasury’s plan to purge toxic assets from banks’ balance sheets is vulnerable to fraud and abuse and needs tough rules against conflict of interest, the government’s bailout watchdog said on Tuesday. Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program (TARP: undefined, undefined, undefined%), said in a report [...]
WASHINGTON — Spending wisely is key to keeping your family afloat during these tough times. Racking up hundreds or even thousands of dollars in unneeded purchases on a credit card is a bad idea, especially since spending on credit can be extremely costly if bills aren’t paid in full every month. Still, plastic can you [...]
U.S. regulators and the nation’s largest banks have nearly completed “stress tests” to determine how well the lenders would fare if the recession proves to be deeper and longer than expected. Citigroup Inc (C.N), Wells Fargo & Co (WFC.N), Bank of America (BAC.N) MetLife Inc (MET.N) and GMAC (GKM.N) are among the 19 lenders under [...]
A report of strong profits at Bank of America masked deeper credit problems on Monday, while first-quarter data from Russia and Germany showed the two economies remained deep in recession’s grip. Bank of America’s shares tumbled 15 percent, dragging world stocks down after it reported a big increase in troubled loans, even though its purchase [...]
Some people believe that we must take action to stop the drop of housing values in the US. Others believe that housing has grown too much and values are over inflated.We think this video is a good look at true numbers and how markets adjust.
With an ailing economy, wars to fight and record deficits to deal with, some may see addressing the nation’s healthcare problem as one fight too many. They would be wrong. President Barack Obama’s bold decision to begin tackling the health care problem even as his administration wrestles with the economic crisis is a welcomed one. [...]
Summary of Buffet’s Letter On His Investments During 2008 I did some dumb things in investments. I made at least one major mistake of commission and several lesser ones that also hurt. … Furthermore, I made some errors of omission, sucking my thumb when new facts came in that should have caused me to re-examine [...]
The 2009 stimulus plan is under much debate. It is often compared to the “New Deal”, but few understand many things that happened during the new deal and those hard times. Here is a revealing look of somethings you might not know. The following are remarks excerpted from Dr. Burt Folsom’s lecture at AIA’s Conservative [...]
Think the housing market is bad now? Well two factors seem to be hidden from both the press and government. These factors will soon be hitting and will send the housing market into its “second bubble burst”. Factor #1 – The good credit defaults are coming. We have heard all the talk about secondary market [...]