The Archives
July 2008
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How Much?!
07.30.08 | Permalink | Financial CommentaryMerrill Lynch…They are certainly to be applauded for being the first to open their books and show how deeply invested the financial sector is in subprime mortgages. A 30.6 billion portfolio was sold for 22 cents on the dollar, but the real killer is that Merrill financed 75% of the purchase and will be [...]
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Crude-Dollar?
07.22.08 | Permalink | Financial CommentaryCrude Oil is finally dropping, futures are in a virtual free fall.
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Some of this was caused by the demand supply from the US plummeting. Catching up to world gas prices has obviously not smiled on the average consumer. However, this is another reason behind crude oil falling and it should be of greater [...]
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Rates Schmates
So, the Fed has finally come around to the fact that they will ruin the dollar if they cut the rate any more. I expect the Fed to wait until after the election to begin raising rates, but honestly the sooner they begin doing so the better.
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I feel that there is an [...]
