California could be out of Cash as Soon as Next Week!
January, 2009
Schwarzenegger May Be Lifting the Heaviest Weight of His Life: The Burgeoning Deficit of California!
Submitted by Sean Hyman on Fri, 01/30/2009 - 12:57Bursting your own Bubble!
Submitted by Bob OBrien on Fri, 01/30/2009 - 12:56We have had a Stock Market Bubble, Credit Bubble a Real Estate Bubble and more. We now have a Treasury Bond Bubble which will most likely lead to a Gold Bubble. Economic asset bubbles are nothing new but having this many consecutively is new…and it is part of a new economy that you need to make certain you understand.
What is an economic asset bubble? It’s when an asset value becomes blown way out of proportion and inconsistent with the underlying financial and economic statistics. In other words it just doesn’t make any “financial sense” why people are willing to pay so much for an asset and yet keep doing so. There are three main causes involved and they are: too much loose credit, tons of speculation, and excessive optimism.
Obama vs. China…Let’s Get Ready To Rumble!!!
Submitted by Sean Hyman on Thu, 01/29/2009 - 13:58
While there may be many promises of “change” happening in America…one thing that is definitely “changing” is the relationship between China and the U.S.
Why is this increasingly important? There are a few reasons but a couple of important ones off the top of my head are:
Why is my State Tax Refund… “Taxable”?
Submitted by Bob OBrien on Thu, 01/29/2009 - 12:37Taxes on top of taxes, what is this? Ever really wonder why, you have to pay taxes on your state tax refunds? Have you ever received a 1099G? I have noticed that this is something that really blows people’s minds and it is really not that complicated at all.
George Soros isn’t bearish on the British pound anymore, yet his former partner, Jim Rogers is!
Submitted by Sean Hyman on Wed, 01/28/2009 - 14:58Will the pound go to parity with the U.S .dollar or have we seen the bottom in the pound?
George Soros is the world renowned investor that shorted the British pound so heavily back in 1992 that it was even more than the Bank of England could combat and it forced the pound out of Europe’s system of linked exchange rates. The plummeting pound caused the central bank to panic and for Soros to profit… to the tune of $1 billion dollars in profits. So that tells you just how enormous his position had to have been. Wow!
Should you Start a Business in 2009?
Submitted by Bob OBrien on Wed, 01/28/2009 - 14:07Employment numbers are horrible to say the least. However, many great businesses have been started when someone has lost their job and decided to start their own business. Is this the time though? Businesses and individuals alike are cutting back on their spending. Even if the entrepreneur has all of the optimism in the world it’s not going to change this general trend. That negative “bent” will still remain for a while.
Financing is another real big challenge. Established businesses are having trouble getting credit right now, so venture capital and other loans for new businesses are not that easy to come by. However, this does not mean that people and businesses are not spending at all. There will definitely be some businesses that succeed.
Financial Markets Begin to prepare for a World of Inflation once again!
Submitted by Sean Hyman on Tue, 01/27/2009 - 12:56I know this is a hard one to believe, being that we are obviously in the middle of a deflationary period, but savvy institutional players are already starting to position themselves for inflationary times ahead.
Inflation! Have I lost my mind? Actually, no... Let me explain what I mean.
Former central banker Volcker (who is on Obama’s economic team) is prepping the world for deficits of $2 to $3 trillion dollars as the U.S. goes into one of the biggest spending sprees that (believe it or not) will make George Bush’s spending look like child’s play.
The financial world is listening. They’ve seen the leading indicators of the economy in the beginning stages of perking up. They’ve seen stocks stabilize and they’ve seen the down draft in commodities halt.
Out Think the Insurance Companies
Submitted by Bob OBrien on Tue, 01/27/2009 - 11:36Insurance companies make a lot of money and most people do not like them too much. Fool me once shame on YOU, fool me twice (You don’t get a fooled again!) shame on me. First of all, we need insurance (things like life, health, auto, home disability etc)... These are real necessities to protect us from a catastrophic loss, which unfortunately can happen to anyone.
The Big Tax Refund Lie
Submitted by Bob OBrien on Mon, 01/26/2009 - 15:42It still amazes me, how many people think that a big tax refund is a good thing. Hey don’t get me wrong! Who doesn’t love receiving money, but when it’s your own money, LESS interest… what’s there to be excited about?
Are You Tired of CEOs Milking Companies? I Am!
Submitted by Sean Hyman on Mon, 01/26/2009 - 12:26Where has the integrity gone in America? Where are the guys that really look out for the best interest of the corporation, its employees and shareholders?
They seem “few and far between” don’t they? One of the ones that disgusts me the most right now is the former CEO of Merrill Lynch.
To me, this guy is not much better than a Madoff! While Merrill is sinking like a rock, what is he doing? Redecorating his office to the tune of $1.2 million dollars.
While Wal-mart gets bashed all the time for many of its moves….go and look at Lee Scott’s office. You wouldn’t think it was the office of the biggest employer in the world. However, I bet their shareholders like it. Ha-ha!
