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Friday, 10 October 2008 |
By Andrew Carpenter As I write this, very early Thursday morning, I am amazed that one of the biggest economic stories of the year remains woefully neglected… grossly under reported. The demand for unemployment benefits across the country has put a strain on state unemployment funds. Word is that the funds in as many as 10 states face insolvency in 2009. |
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Friday, 10 October 2008 |
By Andrew Carpenter Hey Paul, how’s this Friday thing workin’ for you? The Paul to whom I’m referrin’ is, Krugman. He’s one of those elite media types. The kind who, when choosin’ a word, does it carefully because he knows its exact meanin’. |
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Friday, 10 October 2008 |
Charles Delvalle The past few weeks have all felt the same. Once I leave my house at 8:45 AM, I stop by Dunkin Donuts for my morning iced coffee. While I am there, I always take a look at their TV to see what’s going on. Luckily (or unluckily, I can’t decide) the TV is always on Fox Business News. |
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Friday, 10 October 2008 |
Andrew Gordon Finally, a reader is giving me a little sympathy. Mr. Kumar says, “I pity Andrew Gordon.” I thought he was going to commiserate on how tough it is to invest in a falling market. But no. Mr. Kumar goes on to say: “the people living in BRIC countries made the economy of U.S & EUROPEAN nations strong and even as global powers.” He then poses this question, “Who is really depending on whom?” |
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Thursday, 09 October 2008 |
By Jon Herring You wouldn't drive a race car at top speed without a seatbelt. You wouldn't swim in chum filled waters without a shark cage. And you certainly wouldn't leave your life savings in cash inside a wooden home surrounded by a forest fire. But you are being just as reckless with your wealth if you do not currently own tangible, physical gold and silver. |
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Thursday, 09 October 2008 |
By Andy Carpenter A very nice old lady lingered close to death for three days in an Annapolis, Maryland hospital this week. She was my wife Lynn's mother, who died yesterday after suffering a stroke while she slept Sunday night. It's why you're reading me today, instead of Lynn, as you usually would on Thursdays. |
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Wednesday, 08 October 2008 |
By Christian Hill The hotly debated $700 billion bailout of Wall Street hasn’t even faded from the front pages, and we already have another bailout underway. This time, the Fed is targeting “commercial paper”, utilized by businesses to fund short-term operations. |
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Wednesday, 08 October 2008 |
By Steve McDonald When things get really bad in the market, I like to look back at the almost 19 years I have spent carving a living out of it. It helps me ignore the panic. There was a time when people talked about something other than the stock market. The market was considered taboo for most. Too risky. Too foreign. The generation of the Great Depression put their money in the bank. Some still kept it in cans buried under the front porch. |
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Wednesday, 08 October 2008 |
Andy Carpenter “Go take a nap in a urinal.” That’s what I have to say to any lock-stepping super-partisan who can’t admit that deregulating the financial markets in 1999 didn’t play even a tiny part in creating today’s financial crisis. |
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Wednesday, 08 October 2008 |
Jon Herring Well, Jim Cramer finally threw in the towel. On the today show yesterday, the Mad Money host and former market manipulating hedge fund manager said: "I do not want to say these things on TV. Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now." |
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Tuesday, 07 October 2008 |
By Andrew Gordon You probably know it pays to shrink your credit card debt. Banks are feeling the same way. The name of the game for banks is reducing their cost of borrowing. The cheapest way banks can get capital is from the deposits of their customers. That was at the core of Citi’s strategy of buying out Wachovia. |
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Tuesday, 07 October 2008 |
By Andrew Gordon Love it or hate it, the $810 billion, pork-laden bailout is now a fact. After all the preaching and political maneuvering, the market reacted to its passage on Friday with a yawn, followed by a sharp drop. But one thing I do know about the bailout is this. The government won’t be spending a trillion dollars without some companies making huge bucks. |
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