Yesterday, I talked about where the bailout money might have gone. Bloomberg had some more thoughts on that topic in “Paulson Steals Show From The Grinch:” ‘Tis the season to be jolly, but I’m rarely jolly under the best of circumstances. Just ask my family. This year, I don’t see there’s a lot to be jolly about. At first, I …
Where Did The Bailout Money Go?
I have asked myself many times what exactly was done with the bailout money and how was it spent. It certainly hasn’t been the economic savior it was made out to be, so let’s look at a couple of articles trying to shed some light on that mystery. Here are some highlights from “Where’d the bailout money go? Shhhh, it’s …
No Load Fund/ETF Tracker updated through 12/25/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpAimless meandering best describes this slow holiday week. The major indexes dropped for the 4th straight week. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -8.49% thereby confirming the current bear market trend. The international index now remains -21.40% below its own trend line, …
Can The Recession Be Fixed?
Attempts to fix the current economic recession have been on the front page for months as bailout plans and ideas abound to lend a helping hand to those entities that created debt of such gigantic proportions to be considered too large to fail. Are there any ways to fix the dilemma we’re in? Bill Fleckenstein had some thoughts on this …
Thoughts On The Obama Bailout Plan
The upcoming Obama bailout plan has made headlines recently as the size of the future spending endeavor seems to increase in direct proportion to daily worsening economic news. 24/7 Wall Street featured a piece called “The Obama Bailout Plan: Spending Beyond The Imagination.” Let’s look at some highlights: It has occurred to the administration-in-waiting that every day that passes, every …
More On The Mortgage Shock
Two days ago, on Sunday, I posted about “The Next Mortgage Shock.” Reader Professor Bornstein (Professor of Accounting & Taxation of Kean University, School of Business, Union, NJ) had an interesting point of view that had not been considered in the story or in the referenced video. In case you missed it, here’s what he said: I would like to …