Congratulations to Chris T., Zeev B., & Eddie W. for being this week's WINNERS!!!
Congratulations to Chris T., Zeev B., & Eddie W. for being this week's WINNERS!!!
Today, UBS reported that the Swiss National Bank, their central bank, may have spent as much as 35 billion francs ($32 billion) since March to stop their currency from appreciating.
SNB Governing Board Member Thomas Jordan, was quoted as saying that the SNB will continue to intervene and halt any gains by the Swiss currency. And so far, they’ve been highly successful. They’ve driven the franc down 2.9% vs. the euro since the start of their interventions!
When Warren Buffett speaks, people listen! Buffett not only has a real effect on the stocks when he buys and sells large positions in companies, but he has an effect on the overall psychology of the market.
Please be certain to check out my previous articles in regards to budgeting, and remember one little insight can save you thousand$ over time. Especially if you invest your savings after you have taken the myWealth Investing 101 course.
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**Congratulations to Mara T., Cheryl Y., & Gino S. for being this week's winners**
Well Bernanke may be voted (as Beaver Cleaver would have said) a “swell guy”, but not in my mind. Oh sure, he’s done what every other “head of the Fed” would do: print money and lower rates exorbitantly!
Remember how everyone raked Greenspan over the coals for taking interest rates down to the absurdly low level of 1% and how they said it was a mistake to take rates down that low and hold them low for so long? They blamed those actions as being one of the biggest contributors to the latest bubble!
In a previous article, I outlined the basics of budgeting. Hopefully, if you hadn’t had a budget set already, you sat down and took care of organizing a budget for your household. If you haven’t got one in place right now, I would suggest you stop reading now and take some time to set one up. Why is it important?