Youville

J P Morgan Funds Stock Market Prediction

2013-01-07T09:19:00.000-05:00

The stock market is considered a leading economic indicator. It is believed that the stock market can predict economic activity 6 to 9 months ahead of the time when we actually find out where economic activity is. We should all care about such things because the economy affects us all.

Govt. Belt Tightening Now Is a "Recipe for Disaster," Dan Greenhaus Says

2010-07-01T16:57:00.000-05:00

Should governments spend more money to stimulate the economy or should they reduce spending and deficits as the G20 meeting concludes that they should?

"A Gigantic Ponzi Scheme, Lies and Fraud": Howard Davidowitz on Wall Street

2010-07-01T09:04:00.000-05:00

Just as I pointed out way back when... it's fraud!!!

The Soviet Union Used a Small Nuclear Explosion a Few Times to Stop Uncontrolled Blowouts

2010-06-26T00:42:00.000-05:00

Watch this film of a nuclear explosion stopping an uncontrolled fossil fuel blowout. I read that they did it underwater too!

BP may not want to succeed in capping the Gulf well because the government would never let them back into that reservoir but if they can find a way to capture all the gushing oil then that will pay for the cleanup.

1000 Awesome Things

2010-04-29T14:51:00.000-05:00

I heard about this website/blog on CBC radio. It looks pretty awesome too.
They say it is getting 100,000 hit a day. Wow!

I'm sure this blog will get to that level at some point in the distant future.

Khan Academy

2010-04-18T12:44:00.001-05:00

You can learn all sorts of lessons completely free at the Khan Academy. Take advantage of this. If I had this when I went to school, wow...

Paris 1919 Changed Economics and Politics

2010-01-31T22:24:00.002-05:00

Here is a link to an interesting blog which aims to get people around the globe talking about issues important to them.

2010-01-31T11:24:00.000-05:00

Paul Volker is in his 80s and was in charge of the US Federal Reserve 30 years ago.

2010-01-31T11:02:00.002-05:00

USA 4th quarter GDP grew at a 5.7% rate

2010-01-30T15:04:00.002-05:00

Will Google Leave China?

2010-01-14T14:22:00.004-05:00

We will have to watch what happens with this story.

Find A New Bank

2010-01-13T14:22:00.004-05:00

Here is an interesting movement that aims to get individuals to move their money to another bank and thereby cause the banks to begin treating individual customers with greater care and fewer fees.
How would you evaluate how Canadian banks operate compared to the big banks in the USA?

The Move Your Money Movement Has Legs and Will Travel

2010-01-13T13:37:00.001-05:00

Tech Ticker is on to the move your money campaign.

US Taxpayer Bailouts of the Financial Industry Was Not Necessary

2010-01-13T12:17:00.003-05:00

Back on March 24, 2009 I shared a post from Tech Ticker http://finance.yahoo.com/tech-ticker that US taxpayers should not be bailing out the big banks.

Since that time the US government has changed the rules for companies accounting for the value of assets on their books. The rules was changed from what was know as "mark to market" which made companies value assets at the value the market would place on them if sold. Since the market had completely dried up for those "toxic assets" which included sub-prime mortgage backed securities, credit default swaps, and many other "financially engineered, synthetic products" called derivatives and what Warren Buffett has called "financial weapons of mass destruction" many companies were faced with the unenviable prospect of having to value these assets at zero dollars on their balance sheets.

Big banks knew that by valuing the aforementioned assets at zero or next to zero it would devastate the wealth of assets held by these companies, other institutional investors and countless individual investors who own equity stakes in those companies if required to make such unimaginable re-valuations. Knowing this, US law-makers changed the law so that companies were required to value assets at their "book value" only. This had the affect that the financial crisis was completely ended in March of 2009 when this change in accounting rules took effect. On that day in March when that law came into force and now requires companies to account for asset values at their original book value or purchase value(until and if they are actually sold and valued again at their sold value) the US stock market has been rising and pricing in the new and higher and artificially inflated asset values.

Those companies are no longer worthless. However, when these investments reach maturity or in the case of derivatives, when their underlying counter-party contracts expire, their real value which is closer to zero, will have to be realized. At that point these companies will be in for difficult times again.

Volkswagen Stock

2010-01-13T11:54:00.000-05:00

On June 20, 2007, I predicted that Volkswagen stock would be a great investment. It turns out that it was the best performing large cap stock in 2008. http://news.morningstar.com/quarterendnet/Performance.aspx?page=bestWorstStock&docid=268320The stock price peaked in October of 2008 and has since come back to a level which makes it a buy again at these valuations.

Bernanke Will Keep Interest Rates Low

2009-12-03T22:22:00.001-05:00

Jim Rogers says the dollar will loose reserve status and continue to fall in value as inflation intensifies

2009-10-12T20:29:00.001-05:00

Buy the Tesla Sedan

2009-04-12T18:31:00.000-05:00

This car will change the world.

Nobel Laureate Stiglitz: Geithner's Plan Is Just Robbery

2009-04-04T09:36:00.003-05:00

Nobel Laureate Stiglitz: Geithner's Plan Is Just Robbery

Posted using ShareThis

How Far Will Stocks Fall If This Is Another Great Depression?

2009-04-04T09:26:00.001-05:00

How Far Will Stocks Fall If This Is Another Great Depression?

Posted using ShareThis

American Bailouts Of Foreign Banks Are Bad

2009-03-24T22:37:00.002-05:00

Those foreign banks bet that AIG would be around. They should have been wrong about that and lost their insurance premiums on derivatives contracts they entered into with AIG. The US taxpayer should not be expected to make AIG counterparties whole.

Buying Toxic Assets Will Not Help.

2009-03-23T20:53:00.001-05:00

Why should taxpayers buy assets of very questionable value? They shouldn't. Banks will not lend more than they currently are because there aren't enought qualified borrowers in this economy.

Does Geithner Know What He's Doing?

2009-03-23T20:49:00.000-05:00

Prof. James Galbraith (son of John Kennith) knows what he is talking about. I think he is right.

Obama interview on The Tonight Show

2009-03-20T10:07:00.003-05:00

Sometimes, students of the political scene also need to watch t.v. programs which are ordinarily considered important parts of popular culture.

Obama Message to Iran

2009-03-20T09:57:00.002-05:00

Wow! The United States is moving the diplomatic initiative forward with Iran. As a step toward political engagement and dialogue, this is historic and unparalleled in recent history!