07 October 2010
It is one of those aphorisms that is just so true in the international financial community, a bit of financial humor if you will. It is said that if any high-ranking official comes out in the open and flat out denies something that is happening in the currency markets, chances are that it is true [...]
Posted in Finance0 Comments
05 October 2010
“Are taxes getting to you and getting your spirits down? If you, like us, love to lead the good life, get on the plane to a land of tax cuts where spirit flows freely and the spirits are always high.” “But where are these mysterious lands”, you may ask. An excellent question, my dear Watson; [...]
Posted in Tax0 Comments
01 October 2010
Everyone keeps on talking about the downside of this recession and how it has taken the wind out of our economic sails, but there is actually an upside to it. No, this is not a very early April Fools joke, it’s not even April yet, for crying out loud! The good thing that has come [...]
Posted in Money, Saving0 Comments
28 September 2010
The year was 1913, and it was when the Federal Reserve was created in order to stem the impact of any financial panic that might arise in the markers. That goal took some time to be achieved, but the Federal Reserve did eventually grow into the force it was meant to be, albeit after World [...]
23 September 2010
Talk is dirt cheap, and every goes about shoveling it around freely. And inevitably, the most banter comes from large banks that are too large to fail, lest their death creates shock waves among those invested in the banks well-being. Time and again, as banks have started to show signs of dying out, it is [...]
Posted in Banking0 Comments
21 September 2010
The storms that swept through New York City some days back were bizarre to say the least. If anything, it reminded me of scenes straight out of Ghostbusters and the National Weather Service went so far as to say the storm contained “tornadic” elements. That was Thursday evening, and sitting at my computer in a [...]
Posted in Economy0 Comments
16 September 2010
The honeymoon period is done and dusted and a bitter fight looms large for the Obama administration as America Inc. is (maybe rightly) alarmed over regulatory initiatives aimed squarely in their direction. At a time when production and output is down, corporate America needs to be encouraged to up production and create jobs, not criticized. [...]
Posted in Economy0 Comments
14 September 2010
These are tough times, and tough times call for tough measures. In Greece, it is the government that has sunk the banking system, but over here in America it is the banking system that has crippled the government irrevocably. Enough is enough; all banks that aren’t fit enough or up to scratch should just be [...]
Posted in Banking0 Comments
09 September 2010
Property sales have dropped alarmingly over the course of the summer and the grim reality of the situation is that supply far exceeds the demand for homes at this point in time. The fallout of all of this is that the Obama administration might be forced into making a prickly decision soon; should they continue [...]
Posted in Real Estate0 Comments
07 September 2010
Even as western economies flounder and flutter in the wind, it is emerging economies that have really risen to the occasion with some very strong second quarter figures coming forth from economies such as Brazil and India. There is also Australia in the mix, and it is the exception as developed economies go. Their performance [...]
Posted in Economy0 Comments
02 September 2010
It was a case of the status quo being maintained yesterday and nothing really giving ground either way. The bears haven’t been able to make much ground on anyone at all but the bulls haven’t pulled away and made much inroads into the markets either, so it’s a bit of a stalemate we have going [...]
Posted in Investment0 Comments
01 September 2010
How low have we gone? Are we running so badly at this moment in time as a global economy that any news that isn’t bad news automatically gets translated as good news? There is an expectation among investors that the financial indicators of this week are weak, even bland, but better than expected. Perhaps such [...]
Posted in Economy0 Comments
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