Knowing What It Takes

Wow. It’s amazing how the summer heat really gets to everyone. Brokers, analysts, and fund managers all seem to be taking a break. I don’t blame them. After the turbulent ride we’ve experienced, we all deserve a great summer.

Last week (see The Catch 22), we talked about unemployment numbers and how corporations are still extremely cautious on hiring and spending. The amount of cash each company holds is now far greater than…

The Catch 22

Last week was a wonderful and well deserved break for all of us. After the chaos we experienced over the last few years, it’s nice to finally feel a little more at ease.

But that doesn’t mean that the markets are stable. As a matter of fact, the world economy is still in a very volatile space. The only difference this time around is that we’ve heard it all before. From market crash to inflationary woes, we have taken just about everything the financial world can throw at us.

While the world is still in the midst of recovery and at risk of falling into a double-dip recession, there is one nation who not only survived the market crash better than anyone, but has now become one of the first to true recovery…

Another Shot At Glory

There’s nothing like turning on the TV and seeing another rerun. Last week was no different. From ups and downs to completely sideways, the markets once again showed us it’s unclear intentions.

President Obama reassured us that everything was going to be okay; that his administration has saved over 2 million jobs and that a second depression is no longer a possibility. Heck , they even raised the discount rate by 0.25% this week to bring back a “normalization” of lending.

Despite occasional pullbacks, there has been a lot of excitement in the markets as the rally continues to push through new highs. So much that Obama has once again…

It’s Bigger Than Ever

The weather has been miserable all week long.

Every day, I found myself waking up and staring outside the window to see nothing but grey skies and dark rain clouds.

The markets have been turbulent to say the least. We knew the markets were due for a correction at some point. But this week the markets showed us once again who was boss. The Dow dropped 268 points on Thursday, dipping below 10,000 and giving us the worst one-day decline we have had since April 2009. Every major exchange around the world saw red.

Friday was no different. I woke up and looked outside my window only to see those same dark clouds and grey skies casting their shadow. My friend had called me the night before for a round of golf but I turned him down because I knew the weather would suck. I was right.

I got out of bed and went straight to my computer.

Then it hit me. Déjà vu.

The Hidden Agenda

Are we being tricked…again?

Government spending is what governments do to get the economy moving again. So why is Obama announcing a spending freeze, yet continuing to push for of a second stimulus at the same time?

Isn’t that an oxymoron of a plan?

It is. But it’s not what you think.

Learning from History to Reform Wall Street

The President explains that while he continues to focus on jobs, it is also profoundly important to address the problems that created this economic mess in the first place. He commends the House of Representatives for passing reforms to our financial system, including a new Consumer Financial Protection Agency, and blasts Republican Leaders and financial industry lobbyists for their joint “pep rally” to defeat it.