So by now you’ve probably heard that the Federal deficit is going to reach $9 Trillion dollars within the next 10 years. I feel this spending is so much that most people aren’t grasping how much it really is. To put this somewhat into perspective… this year alone the Federal government will spend $22,000 more [...]
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Today the Federal Reserve announced that it would be leaving interest rates unchanged from their current 0%-0.25% levels. The Fed also stated that the economy appears to be leveling off, but is still suffering from job losses and tighter credit. From the looks of the statement it appears that The Fed is planning on [...] Here’s the latest on the Madoff saga… Apparently Madoff’s former CFO is starting to talk to investigators about how the ponzi scheme operated. He indicated that the scam has been going on since at least the late 1980’s and that he was ordered to lie to the SEC in 2006 to throw them off [...] I found this Wall Street Journal article by Jason Zweig discussing why data mining or “back-testing” isn’t a reliable way of outperforming the market. Zweig says.. “The stock market generates such vast quantities of information that, if you plow through enough of it for long enough, you can always find some relationship that appears to generate spectacular [...] The 1980’s had a bubble in junk bonds…the great technology bubble followed soon after in the roaring 90’s…. and now we’re in the process of suffering a major hangover from the real estate bubble of the 2000’s. This leads to the question… Where’s the next bubble? Here’s a video of James Altucher discussing where the [...] Here’s a cool yet scary website that tracks the national debt… www.usdebtclock.org What makes the site really interesting is it breaks down the total debt per citizen and shows the amount of unfunded liabilities. Check it out and see what shape our national balance sheet is in.
Here’s a pretty bogus article from marketwatch that says, “Impatience and financial illiteracy” “Could stunt a good retirement for young adults”. The article is full of broad-based hogwash such as… “Almost half — 47% — of Americans born between 1977 and 1994, also known as Generation Y, are below average when it comes to financial literacy, with [...] |
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