Archive for February, 2008

Friday, February 15th, 2008

2008 Will Be The Year We Should’ve All Gotten Out of The Market

With Ben Bernake now stating the economy is worsening and Paulson saying, “We’re at the beginning” of the subprime foreclosure mess, gold nearing $1000/oz, banks on the verge of insolvency, municipal bonds trashed, and 80 million boomers getting ready to go on the dole I’ve reached an epiphany:   2008 is the year everyone should get […]

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Thursday, February 14th, 2008

Raked in $900 Today, Maybe $1700 Next Week

I promised an anonymous poster that I’d do a write up on my ETF Covered Call strategy do explain it in detail but I’ve been too busy.  I don’t like writing about “theoretical” returns which is why I put this blog where my money is and write about my transactions almost as soon as they […]

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Wednesday, February 13th, 2008

Is Recession A Result of Frugality?

As the U.S. economy heads into recession there have been many theories as to the root cause but the net effect is pretty straightforward, less consumption means lower profits for businesses. The Starbucks sells less coffee and is forced to reduce coffee inventory and coffee purchases. Less demand for coffee pushes price of coffee commodities […]

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Wednesday, February 13th, 2008

Feds To Stop Foreclosures?

Where have I returned to? What is all this talk about the Feds forcing a 30 day reprieve on foreclosures? Huh? So if I loan out money to people so they can buy a house and they refuse to pay their debt back, I can’t foreclose to recoup losses or to resell that home? WASHINGTON […]

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Monday, February 11th, 2008

Where’s The Outrage? New York Shops Accepting Euros

About a year ago, there was a big ruckus over a Pizza chain in the southwest taking Mexican currency as payment for food and service.  I distinctly recall it because it was all over talk radio and the usual talking head media channels and I had just finished taking a trip overseas when it happened. […]

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Friday, February 8th, 2008

I’ve Returned To Bizarro World

I leave for a few days across the globe and come back to bizarro world.   I hear Rush Limbaugh is endorsing Hillary Clinton? eh? I also see that Super Tuesday yielded three democratic candidates for president: Obama, Clinton, and McCain.  So we’ll definitely see a democrat in office in 2008. I also see that the […]

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Wednesday, February 6th, 2008

State of The Global Economy

As I tour some of our global operations on my multi-continent business tour, I keep coming back to the oddity that is the US economy.   From an international perspective, business is good and business keeps expanding but from a domestic (US) perspective things seem to be slowing down a bit. I call it odd because […]

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Wednesday, February 6th, 2008

A Good Word for British Airways

I’ve flown multiple legs on BA business class and must say that I’m fairly satisfied  but I do have a few gripes which I’d like to air out. 1. I had a connecting flight in London and unfortunately I had the misfortune of having to travel from Gatwick to Heathrow and I couldn’t get a […]

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