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
Greed is not good
"...Greed -- for lack of a better word -- is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind. And greed -- you … Continue reading Greed is not good
Freddie & Fannie getting some help
You may have heard of them, but you probably don't know a whole lot about them. They are your good friends in the area of housing, and their names are Freddie and Fannie.That would be Freddie Mac and Fannie Mae, to be more precise, and as Treasury Secretary Henry Paulson was quoted recently they "play … Continue reading Freddie & Fannie getting some help
MATT VEASEY 