When I heard Rush Limbaugh’s show today, he spoke of a possible run on the nations banks on September 18, 2008. Limbaugh suggests that it may have been an individual (Soros) or a consortium of persons/nations looking to destabilize the US economy.
Rush referred to a clip from C-Span featuring Rep. Paul Kanjorski (D-PA) speaking about [...]
Are you looking for a safe have for your investment dollars that guarantee you will lose LESS? The United States Government is here to help.
Yesterday, the treasuries hit an all time low – falling into negative territory. An astute investor could place $1 million dollars into a 3-month treasury and have a guaranteed loss of [...]
President-elect Obama has second thoughts about a windfall profits tax on the oil companies. The main problem? $45 oil.
I’m not about to hop on the Obama-bashing wagon because I understand that your campaign rhetoric can turn on a dime once you are privy to the info of the Oval office.
Obama shelves oil company tax [...]
I have to wonder what Goldman Sachs is pushing on the investment front these days.
After all, the Goldman folks are re-forecasting a 3.5% slump in the forth quarter and 2% in the first quarter of 2009. That is a revision of 2% and 1%, respectively, from their previous estimates. All this ‘fab’ news from the [...]
I wonder…
While reading the WSJ online this morning, I came across this video. I wonder if they read my blog post on October 13th?
The next time your broker calls and say ‘boy, do I have a deal for you!’, tell him your mother is on call waiting.
False Oil ‘Prophets’ on Wall Street – WSJ Online
TAE [...]
I don’t know about you, but I am tired of hearing the name ‘Goldman Sachs’. Our treasury secretary (Paulson). The new bailout czar (Kashkari). My governor (Corzine). Warren Buffett buying $5 billion in preferred stock to sure-up Goldman.
Like ‘em, hate ‘em – I really don’t care. I just think that I am flooded with too [...]
It’s official – crude is down 50% from its all-time high just 3 months ago – a slide of 10% today alone.
Is anyone surprised that the folks at OPEC are wetting their pants?
Still, here in Northern NJ, the price of gas has just breached the $3/gallon; I expect that if the price holds, gasoline would [...]
I have pointed out in this blog that the price of gasoline tends to lag behind crude on the way down. Some people said I was too quick to jump on the ’something is up’ bandwagon. I think it may be time to revisit this issue…
With three months of data, here is a chart from [...]
Britons refer to 16 September 1992 as ‘Black Wednesday’, for it was on that date, currency speculators were able to fleece the UK monitary system.
Who made a cool $1 billion on that day? The Real Dr. Evil himself – George Soros.
In today’s edition of the Financial Times, Soros floats the idea that the US banking [...]
Oil continued to tumble on the London and NY Mercantile exchanges into the low $90’s. This represents the lowest crude has been in the past seven months.
Brokerage giant, Lehman Brothers slid into insolvency as attempts to rescue the nearly 160 year-old institution failed this weekend. With the fear that Merrill Lynch would be the next [...]
