Sometimes the bear eats you

The bulls have begun to run again on Wall Street It's one of the oldest sayings around, likely attributable to an idea first passed into public consciousness by 19th century American writer Ralph Waldo Emerson: "Sometimes you eat the bear - sometimes the bear eats you." For more than two centuries since even before the founding … Continue reading Sometimes the bear eats you

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The bailout and the bloodbath

The Down Jones Industrial Average, the most popular and famous benchmark to guage the strength of the American economy, plummeted down almost 700 points today. The index, which is based on the scaled average of the stock prices on 30 of the largest and most widely held companies here in America, was celebrating the one-year … Continue reading The bailout and the bloodbath

$700 billion dollar roller coaster quick fix

Our government is considering, and is at this moment negotiating, a $700 billion dollar package to 'rescue' the economy from what is being sold to us as certain ruin.This 'ruin', of course, was completely and totally self-inflicted. Interest rates at historic lows combined with a loosening of lending policies, especially by mortgage companies, resulted in … Continue reading $700 billion dollar roller coaster quick fix