I didn’t write these, but I thought I’d share them: How the stock market works: Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest, and started catching Read More
Once again, the Fed has cut the rate it charges banks for money, in an effort to spur the economy. Uncle Sam takes care of those “too big to fail” yet- absolutely fails the consumer it claims it’s trying to help spend more freely. Now at 1.5% we’re getting close to giving away the dollar Read More
Without systemic change, nothing changed. The bailout was passed, and even despite protecting the wooden arrow manufacturing industry in the US, we’re still up the proverbial creek. The markets are unstable, irrational and the wild swings are more than markets can handle. The Wall Street Casino may as well have gone bust. It’s time to Read More
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