The following blog entry, from March 10, 2009 expressed my opinion on Mr.
Bernanke. Eight months later the majority of the congress and a great portion
of the financial world seem to agree with my opinions below. Rewind the tape
and watch his opinions on the housing disaster and the direction our banking
system took. He says everything is cool, and there is nothing to worry about
as close as two years ago. He was as wrong as Jim Kramer recommending to buy
more Bear Sterns stock 30 days before their collapse!
(March 10, 2009) - I am watching yet another Bernanke speech with a Council
of Foreign Relations backdrop.
This guy was born to be a University professor. All he is talking about is
what a parrot would read from the text books. He is not qualified for the job
for what we need now during the depression of 2009. No one cares what he
thinks. At least Greenspan had ... (more)
I'm sure there are many people asking the question, "Is now the right time to
buy?". Nobody really knows for sure. However, there are some facts that you
can look at to help evaluate whether or not now is the right time to buy. For
one, mortgage rates are currently close to the lowest they've been in almost
50 years. In addition, home prices are low and probably close to the bottom.
There may be a little more ways to go, but I think we're close. With the
Spring homebuying season upon us, we may see an increase in sellers in the
market, which will increase inventory and possible push home values even
lower. Read more
According to Federal Reserve Chairman Ben Bernanke, an economic recovery will
not begin until next year. Read more
Along with low home prices and low mortgage rates, there's also the
First-Time Homebuyer Tax Credit of up to $8,000. This is an additional
FRAMINGHAM, Mass., Nov. 30 /PRNewswire-FirstCall/ -- Everything Channel's
CRN, a UBM company, today announced the Top 100 Most Influential Executives
in the Industry. The Top 100 Most Influential Executives in the Industry
listing recognizes the executives who have changed the way the channel does
business today and in the future. This year's list salutes the 25 Most
Influential Executives, the 25 Channel Sales Leaders, the 25 Most Innovative
Executives and the 25 Mavericks.
"With so many innovative channel executives in the industry today we've
expanded our list to include 100 executives. We've highlighted the most
influential, the sales leaders, the most innovative as well as those who have
changed the rules of the channel. We salute these leaders for their hard work
and devotion to the technol... (more)
Or how I learned to stop worrying and love Quantitative Easing.
This is it, the US pressed the nuclear button, buying its own treasuries in
order to flood the market with paper and depress long term rates.
Theft on a grand scale, international theft at that. The masses timidly
applaud. The dollar tanks, the US markets rally. Why do they rally? QE is
effectively delayed "inflation". Inflation means you are poorer but the
numbers are up so you feel "richer". Inflation is an unfair tax as it is
essentially a flat tax on the poor. More fair would be debt moratorium on
fake money issued by banks, how practical that would be I have no idea. In
the meantime and from distance, the US continues floating banks with taxpayer
money via inflation and QE and no one is the wiser for it. What lack of basic
financial education will do to an otherwise healthy democracy...
I am not blamin... (more)
CHICAGO, July 19, 2013 /PRNewswire/ -- Zacks.com announces the list of
stocks featured in the Analyst Blog. Every day the Zacks Equity Research
analysts discuss the latest news and events impacting stocks and the
financial markets. Stocks recently featured in the blog include Tesla Motors
Inc. (Nasdaq:TSLA-Free Report), Goldman Sachs (NYSE:GS-Free Report), Nissan
Motor (OTC:NSANY-Free Report), General Motors (NYSE:GM-Free Report) and
Cracker Barrel Old Country Store Inc. (Nasdaq:CBRL-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Tesla Motors Regains Glory
Tesla Motors Inc. (Nasdaq:TSLA-Free Report) has regained its glory by
escalating 10.3% yesterday for the first time since its disappointing d... (more)
STAMFORD, Conn., Jan. 25 /PRNewswire/ -- In the fourth issue of ai5000, set
to publish in February, Black Swan author Nassim Taleb presents a list of six
problems that encumber Federal Reserve chairman Ben Bernanke:
1. His education is in tools that aren't helpful - and he doesn't know it.
2. He studied the Great Depression, but the current economic environment is
3. Bernanke doesn't recognize that 99% of risk is tied to debt/leverage and
the explosion of connectivity. It's like he did not see a truck coming right
4. He has no notion of nonlinearities, and how monetary policies can be
responsive in non-linear ways.
5. He doesn't understand fat tails.
6. He doesn't realize that the biggest risk of failure is signified by the
Federal Reserve. We do not need more regulation. We actually need smaller
In an interview with... (more)
Annual percentage rates for credit cards barely budged, according to the
CreditCards.com Weekly Credit Card Rate Report, as banks held rates steady
despite a torrent of worsening economic news.
Of the nine credit card categories tracked by CreditCards.com, one rose
slightly and eight remained unchanged.
Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Rate Averages Avg. APR Last week 6 months ago
9.97% 9.97% 9.74%
11.52% 11.52% 9.93%
10.70% 10.70% 10.61%
10.82% 10.82% 12.49%
12.13% 12.13% 11.20%
11.65% 11.62% 9.94%
12.33% 12.33% 11.43%
12.28% 12.28% 12.47%
14.34% 14.34% 14.99%
Following the Federal Reserve's unscheduled rate cut two weeks ago and Fed
chief Ben Bernanke's recent warnin... (more)
NEW YORK, NY -- (Marketwire) -- 02/17/10 -- Live Gamer, the premiere total
commerce solution for online games, social networks and virtual worlds, is
presenting VCON, a full-day event within the Game Developer Conference (GDC),
to be held March 10 at Moscone Center in San Francisco. VCON will explore how
games-as-a-service and virtual items have changed the gaming and
entertainment playbook forever.
Led by the game industry's most sought-after CEO's, founders, visionaries,
and executives, VCON will discuss the industry's undisputed transition to the
emerging service-based business model, as well as its ramifications on
development, product management, operations and strategy. Speakers will push
the envelope while offering insight to the vast changes within the industry.
Live Gamer has brought together an outstanding line up of visionaries in the
gaming wor... (more)
CHICAGO, Dec. 16, 2013 /PRNewswire/ -- Zacks.com releases the list of
companies likely to issue earnings surprises. This week's list includes Adobe
Systems (Nasdaq:ADBE-Free Report), FedEx (NYSE:FDX-Free Report), Oracle
(NYSE:ORCL-Free Report), Nike (NYSE:NKE-Free Report) and General Mills
To see more earnings analysis, visit http://at.zacks.com/?id=3207.
Every day, Zacks.com makes their Bull Stock of the Day available, free of
charge. To see it, click here.
Fed in Focus as Q4 Earnings Reports Trickle In
The market's focus is justifiably on the Fed this week, given expectations
that the FOMC will start 'Tapering' its bond-purchase program. Also of
interest, will be the FOMC members' updated economic forecasts, and
Bernanke's last press conference as the Fed Chairman, where he will try ... (more)
LAS VEGAS, NEVADA -- (Marketwire) -- 09/20/09 -- ProStockMonitor.com is a
focused research firm with special interest in little known micro-cap stocks
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There is general optimism in today's market that the global recession is
coming to an end. Fed Chairman Ben S. Bernanke said Sept. 15 that the worst
U.S. recession since the 1930s has probably ended, while warning that growth
may not be strong enough to quickly red... (more)
WESTON, FL -- (MARKET WIRE) -- 10/18/07 -- Wall Street News Alert's "stocks
to watch" this morning are: Positron Corporation (OTCBB: POSC), Crown
Holdings, Inc. (NYSE: CCK), BlackRock, Inc. (NYSE: BLK) and Patriot
Scientific (OTCBB: PTSC).
Positron Corporation (OTCBB: POSC) is a new stock to watch as Wall Street
News Alert initiates coverage of the company. This morning, the company,
which designs, manufactures, markets and supports advanced cardiac molecular
imaging devices utilizing single photon emission computed tomography (SPECT)
and positron emission tomography (PET), issued a press release announcing
that the Centers for Medicare and Medicaid Services (CMS) has released an
advance copy of CMS-1392-P Proposed Changes to the Hospital Outpatient
Prospective Payment System and Calendar Year 2008 Payment Rates. The proposed
rule is expected to be published in the... (more)