A Bad Anniversary

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Today is the one-year anniversary of Lehman Brothers’ cataclysmic failure. In other words, this time last year, the you-know-what was hitting the fan.
Lehman… Read more

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Gold Breaks $1,000 in Early Trading

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Some selling early last week got the bears excited that the imminent crash they’ve been expecting was finally at hand. But once again, the Cash for Clunker Stocks Rally Read more

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Profit-taking? Or Something Worse…

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Yesterday’s headlines made it sound like the sky was falling after China’s Shanghai Index sold off 6.7%. There’s no doubt bulls are a bit nervous and bears are getting… Read more

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China Leads Declines

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Stocks are selling off around the world. And China is in the lead. The Shanghai Composite is down 23% since August 4. Former Morgan Stanley Asia economist Andy Xie… Read more

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AIG vs. Intel: Cash for Clunker Stocks Rolls On

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The New York Times article is titled "AIG Rises, and Many Ask Why". After all, the company is 80% owned by the government, owes around $180 billion, is cash-flow… Read more

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Investing in the Future

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There is a message to Detroit from Americans who participated in the Cash for Clunkers program: don’t make any more Ford Explorers, F-150s or Jeep Cherokees. These were the… Read more

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Cash for Clunker Cars Ends, Cash for Clunker Stocks Going Strong

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Yesterday, I mentioned that I thought the Cash for Clunkers was a pretty decent idea, as far as stimulus plans go. Rather than simply hand the automakers cash, the… Read more

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Bernanke’s Second Chance and Dr. Doom Returns

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As if there had been any doubt, Fed Chief Ben Bernanke was nominated for a second term. This is a good move in my opinion. Especially now, switching horses… Read more

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Weakening Dollar Good for Jobs, Bad for Your Household Budget

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"The question is not whether the dollar will weaken over time, but how it will weaken…"  That’s what the CEO of bond giant PIMCO, Mohamed El-Erian, had to… Read more

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