Anyone who reads this blog knows that from time to time, I write about happenings in the financial world. I have touched on mortgage backed securities as well as some of the complexities of AIG and the bonuses they received earlier this year. I have been following the plight of GM since last summer, when [...]
First of all, let me say this; I can see both sides of this argument, debate, whatever you want to call it. With that being said, here are some facts: I (we) have no idea what is happening day to day within the firm AIG. From what you hear on Fox News, CNBC, and every [...]
The Conference Board announced yesterday that the leading index continued to fall in November, down another 0.4% m/m. This is after a downwardly revised .9% percent decline in October. This decline was lead by large declines in building permits, stock prices, and initial unemployment claims. All of these issues continue to overshadow the continued positive [...]
Wow, how have times changed. The Dow Jones Industrial Average, or The DOW as it is often referred to, made its debut on May 26, 1896. Back then, it consisted of twelve little comapnies who would shape the industrial revolution of this country. Twelve years before its debut, Mr. Dow published his index in the Customer’s [...]
