The U.S. recession is not over yet

In recent months the U.S. stock market has recovered much of the earlier losses from the financial crisis. What is more, GDP growth has been observed for the first time in a year. According to a survey this month...

Doom and gloom economy versus it’s really a boom economy!

Look I am not an economist but just someone that observes the market place and knows a bit about charts and things.. Many years ago when I wore my accountant’s hat I wrote a software program to keep control...

Bernie Madoff's First Fight in Prison

It appears that Bernie Madoff, or as he has been dubbed now Bernie "the Bruiser" Madoff, has trouble making friends not only outside jail but inside as well.  It is reported that he got in a shoving match...

Fannie Mae (FNM) and Freddie Mac (FRE) Stocks Climbs

Fannie Mae (FMN) and Freddie Mac (FRE) stock rose sharply on Monday. The volatility has left analysts stumped. Usually penny stocks react to market news, which theoretically augments the future value of the company represented in the current price of the stock. No recent news...

Naked selling banned....finally!

This will not stop the big players from naked shorting stocks but it might discourage some of it.  Naked short selling has far greater manipulative impact on stock prices than any pump and dump operation on...

BMO says recovery stronger than expected? Self serving at best!

We are in the midst of a low volume summer recovery in the Canadian and US markets.  BMO (Bank of Montreal for those of us who still communicate using actual words and not acrinyms) says this is great...

Memories are short lived

Just to remind what recently has happened, there was:•    The biggest stock crash in history•    The biggest property crash in history•    The biggest deficits in...

Wells Fargo: $3 billion in Earnings Spark Stock Boost

US bank Wells Fargo has announced that it expects $3 billion in first-quarter 2009 earnings. Wells Fargo acquired Wachovia last year for $15.1 billion, and now Wachovia is contributing nearly half of the combined company's earnings.JPMorgan Chase and Bank of America are also...

How 'animal spirits' move the stock market

Rita Hritz knows several people who have lost more than $100,000 in the stock market recently, and she's not taking any chances:" She pulled out of the market in 2005 because she was tired of the ups and downs, and...

Short, Naked, Crooked, & in Charge

"Anyway, I keep picturing all these little kids playing some game in this big field of rye and all. Thousands of little kids, and nobody's around - nobody big, I mean - except me. And I'm standing on the edge of...

Tap Dancing News Update 1/30/9

All the news that's fit to tap. Feel free to hum along.

$50bn Fraud Revelation. A Tip of the Iceberg Causing a Recession?

The Bernard Madoff revelation – The LARGEST EVER FRAUD [ alledged ] in ELECTRONIC TRADING costing Investors some $50 Billion and all UNDER THE EYES of the US Securities and Exchange Commission [ SEC ]. The same person whom was a former chairman of the Nasdaq Stock Market...

Peter Schiff and His Economic Predictions

"There's a popular YouTube clip called "Peter Schiff Was Right" that shows the president of Euro Pacific Capital engaged in on-air debates with financial luminaries such as Art Laffer and Ben Stein, circa...

After losing in stock market, 2 MBA students kidnap boy in New Delhi

Police in the Indian capital New Delhi have arrested two management graduates who had kidnapped a schoolboy for ransom after losing their money in the stock market meltdown.The two men allegedly hired goons and kidnapped a 14-year-old boy from a southern Delhi...

Economic Forecast 2008

Rich Hadley, CEO of Greater Spokane Incorporated, discussing the current economic situation of our nation and of the Greater Spokane region. Randy Barcus, Chief Economist of Avista Corp., discusses the current...

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