Wake up, America! We’re on the brink of a financial meltdown.
Got your attention yet?
That’s the outlook for supporters of the soon-to-be released documentary entitled: I.O.U.S.A.: One Nation. Under Stress. In Debt., which centers on the shape and impact of the United States national debt.
As described on their website, this documentary boldly examines the rapidly growing [...]
I’ve been in a 100% cash position with my retirement portfolio for a while now and I’ve been asked a “couple” of times (I don’t get a lot of readership), how will I know when it’s time to “get back in”?
Of course, I don’t have the precise answer people are looking for, or even [...]
With all of the economic data due this week that could affect the direction of stock market, we tend to forget about issues involving the bond market.
Tuesday marks the debut return of the One-Year T-Bills (pdf). The degree of success the Fed has in selling these new issues will determine the fate of all the [...]
Speaking of Warren Buffett..
According to the Reuter’s article “Buffett says Fed avoided chaos in Bear bailout”, WB is to have said:
“I think the Fed did the right thing in stepping in on Bear Stearns,” Buffett said at the annual meeting of his Berkshire Hathaway, Inc. insurance and investment company. “Just imagine the thousands of counterparties [...]
As so poignantly written yesterday by Andrew Leonard on Salon.com:
The word of the day on Wall Street is “deleveraging.” The simplest way to explain the concept is with an old bromide: What goes up, must come down. If you borrow a lot of money to make big bets in the market when times are good [...]
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High Yield, HighTailed
With all of the flight to quality lately, the phrase “junk bond” doesn’t conjure up any warm and fuzzy feelings. As a matter of fact, it does just the opposite. The junk bond (high yield) sector has been hit hard this past month, and investors have been “hightailing it” in droves.
I watch The Vanguard Group’s, [...]