With Washington’s circus performance in full swing, reader Tony had this to say: The Fed is printing all this money to create the cash needed to fund whatever form this bailout takes, right? And if, ultimately, a plan will earn a profit for US, how do we know the money will be applied to reduce the ridiculous dept they are …
Sunday Musings: My Personal Bailout Plan
OK, I have to admit it, the following is not my idea, but it was sent to me by reader John, and I believe it’s currently circulating on the internet. It is is one man’s great alternative to a different bailout approach. It’s simple, funny, on the spot, certainly beats the alternative and is a worthwhile read: I’m against the …
Spreading The Fear
The hype and angst surrounding the bailout proposal has been enormous, and I have to wonder if much of it was by design in order to shove this idea down peoples’ throats before much analyzing could be done. Dr. Housing Bubble featured an excellent article on the subject. Here are some highlights: As I eagerly await the bread and circus …
No Load Fund/ETF Tracker updated through 9/25/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.php All eyes are on the negotiations about the bailout plan. The major indexes lost for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -4.23% thereby confirming the current bear market trend. The international index now remains -10.28% below its own trend …
Let Mama Make It Better
Hat tip to Mish at Global Economics for this great rant about bailing out the big boys on Wall Street: [youtube=http://www.youtube.com/watch?v=mbD62gNi9WE]
Power Grab
The markets whipsawed Tuesday and ended sharply lower because of the bailout package not racing through congress as many had hoped for. Good thing, because some of the provisions are questionable and downright alarming. Can you spell power hungry? Then read what now have become the most feared 32 words of the bailout proposal submitted by Treasury Secretary Paulson: “Decisions …
