Perhaps I should have listened closer to professor Nouriel Roubini when he was cautioning us about a looming foreign debt crisis. According a recent Financial Times article excerpt: He has continued to issue warnings since the crash. In early 2009, he argued that the banking crisis might not be finished. He also suggested that there [...]
debt crisis
Rough Day For Dow Jones
The stock market had one of its most turbulent days in history as the Dow Jones industrials fell to a loss of almost 1,000 points in less than half an hour, possibly caused by preprogrammed computerized trading processes. The Dow fell 998.50 points in its largest point drop ever, eclipsing the 780.87 it lost during [...]
Greece Is The Word
I’m having a hard time believing that recent market conditions are being caused by a debt crisis in Greece. I tend to think there are other underlying concerns that are bringing the stock markets down instead. So, to see if perhaps my assessment of current conditions could be off the mark, I asked one of [...]
Back In Black Again
My contrarian investment strategies have paid off, so I’d thought I’d celebrate being “back in black” again. After today’s market gains, and including the savings I’ve continued to invest during this recession, my entire portfolio is far ahead of where it was before the market crashed. Let’s review what I discussed and documented in Guzzo [...]
Finding That Silver Lining
One can always find a silver lining even in the darkest of clouds. While a financial crisis tends to mostly hurt the undeserving, sometimes it serves as a way to clean house. Just watch..
The Housing Bubble
There’s still a lot of outrage being expressed about the sinister activity that occurred in the housing sector, causing a housing bubble that eventually popped, and leading to massive taxpayer-assisted bailouts, a worldwide debt crisis, recession, and a massive decline in individual wealth. So, it’s understandable how this outrage against the people considered to have [...]