Panic is the New Black

It’s time to panic again. The first headline I saw this morning screamed “Bloody Friday,” it was in giant, bold blue letters on Marketwatch’s home page. The NY Times ran “Global Shares Plummet on Gloomy Data.” Blood and gloom? That’s no way to start a Friday. I thought those depressing headlines were meant for [...]

Bailout Wrapped in Chocolate

How do you get a quarrelsome, spoiled child to swallow a large, nasty pill? Wrap it in something delicious, like chocolate, and the screaming kid will wolf it, tasting only sweetness. Down will go the medicine and everyone will be happy. That’s what the Senate did with the financial bailout package today. They wrapped it [...]

Credit Markets Still Frigid

I breathed a big sigh of relief this morning as I drank my English
pint-sized iced coffee. Was it that the stock market was rallying
hard to wash away some of yesterday’s bone crushing loses? No.
The reason for my warm and fuzzy feeling was due to the fact
that a check I deposited in my bank account from [...]

Uncle Sam’s Credit Brothel- by Greg Strid

Beware the Sinking Dollar

Watch out for the declining dollar, it means that your purchasing power will decrease and your cost of living will rise sooner than you think. As the stock market gains ground lost in the early August meltdown, the US dollar continues to sink against major world currencies. The price of gold, long used to hedge [...]