As we all know, the last year has been hell on the economy, and in particular, the financial industry. This has had the unfortunate effect of making it very difficult to extend credit to the everyday person. People who believed that they were in good credit standing are now getting their credit limit cut without […]
"tentative signs the economic decline was slowing" Bernanke
Well things are starting to have a brighter streak to them lately. According to many sources including the man himself Ben Bernanke, it looks like the recession might be slowing. CNBC did a report on their web site earlier today about his announcement. That’s good news but don’t forget to still have your guard up. […]
Mark to Market and why it is bad news in this economy
If you have been paying attention to CNBC or any other business channels that past couple of days you will see that the term Mark to Market is being thrown out there a lot lately. It is an insider term but it really does effect the everyday person and their investments that they might be […]
Now is the Time to Buckle down and remember the basics
I am not going to kid you, it’s getting bad out there. Yesterday we had a jobs report come back to say that there 533,000 jobs lost in the month of November. That my friends is nothing to sneeze at. Now is it a time to be smart and like the title says buckle down […]
For Christmas I want an IPod, a Mac Book Pro, and Steve Jobs to deliver the ICar
Economists Thomas Friedman was on CNBC today explaining that innovation was needed to fuel the fires of the Economy and not the bail outs. He argues that Steve jobs should come to Detroit and the ICar will be designed and ready in a week. This was of course I hope tongue and cheek. I semi […]
Socialized losses not the problem, Accountability is…
I was watching CNBC today when I heard one of the guest today use the term “socialize the losses” when talking about bailing out the auto industry. Of course we all know that he is right and that’s what the US government has done with the Financial industry and are now looking towards the auto […]
BioTech for Beginners
A lot of the professionals out there are starting to sing the joys of Bio Tech since the election of Barack Obama to president. You might be asking yourself what the hell is BioTech? According to wikipedia which has been the easiest to consume definition that I have found it basically means, “technology based on […]
Disruptive Technologies: Hulu.com
Hulu.com has become a major disruptive technology in the field of online video that is now dominated by youtube. Hulu has been around for a year but is only now beginning to make mainstream traction and become a force within itself. Youtube right now is still hundreds of millions of viewers beyond hulu but when […]
Guard Your Grill
In 3 months we have lost 1.2 million non-farm related jobs. The only industry that was up was Government jobs. Ladies and Gentlemen meet recession, recession meet the people. You are hearing reports that the economy is bad. The economy isn’t bad, it’s hell on a hot plate. The highest unemployment got in the 2001 […]
Today's Tutorial: P/E Ratio
I’m a big believer in knowing a little about the market before you jump in, even if you are using a broker or relying on your 401k plan to get you through your golden years. I am not speaking about becoming a financial whiz kid, I am just speaking about knowing the very basics so […]
Cashing in on the Bad Economy
The worst thing that you can do when the economy turns sour is to become scared. Warren Buffet has advised people to start buying equities now to prepare for the eventual turn of the market. He is only partially right. Yes you do need to be prepared for the eventual turn around of the market […]