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Did you see UN-BROKE: What You Need To Know About Money On ABC Friday night? Starring Seth Green, Samuel L. Jackson and Christian Slater, the one-time special purports to help educate us (or those who don’t know) about personal finance. We can call it the celebrification of personal finance.
I didn’t catch it on TV, but [...]
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Here it is, folks. China’s Central Bank officially asking to bump the greenback from the world currency reserve. Yes. It’s for real. So far the EU has rejected the call. But the communique was written, in an unprecedented move, in both Chinese and English so the world community could understand it (or at least, [...]
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This is what was feared would happen. If the DOW managed to stay above 8000, we might be in for a recovery. If it drops below 8000 again, all bets are off. Today, following Geithner’s speech, which provided little new information on the stimulus implementation, markets started dropping like it was another Lehman Brothers bankruptcy.
Overall, [...]
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A professor at the Robert H. Smith School of Business at the University of Maryland says that the US is headed into a Depression — yes, the big D word — unless the correct steps are taken to fix certain structural things about the economy: namely, a broken banking and credit system.
You can watch the [...]
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He held his first press conference on the economy today around 3pm EST. You can watch the video through the article here, or just read an abbreviated version of it.
Related Posts Derek Foster Cashes Out of the Stock Market 5 Financial Books I’ve Read Since January [...]
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Lately it seems I sure am asking a lot of questions. I just read somewhere that historically, stocks do rise by a marginal amount (2%) the day after US presidential elections. People might be glad just to have the thing over and done with, regardless of the outcome. There’s also a broad consensus that Obama [...]
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(1) U.S. Treasury sells $40 Billion worth of debt to the Fed.
(2) Wachovia might be buying Morgan Stanley (that leaves only JP Morgan left standing of the 5 Big investment banks, though its shares also plummeted today).
(3) Washington Mutual (the biggest savings and loan bank in the US) puts itself up for auction.
In other news, [...]
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