Articles

Sandisk's CEO managed to destroy a better offer to acquire his company than Yahoo's.

Global markets of all sort are moving up and down with incredible quickness and volume. Is the precipitous nature of today's global markets good or bad?

Jim Cramer decides to raise the ante on his theatrics by insulting all AIG employees. Outrages, the new AIG CEO Ed Liddy demands an apology. Tune in for more as the world turns...

The average American saved about 9 percent of their after-tax income between 1960 and 1990 according to the Commerce Department. It was less than 1 percent in each of the last three years. That's going to change and it will cause wrenching changes in the economy.

Most folks in their 30's and early 40's now realize that we have lost everything that we worked so hard for as a result of the excesses of the baby-boomers.

Think the deficit and debt are bad now - $30,000 for every person in the US. Just wait another year. This is the unspoken story. We're just trading bad bank debt for government debt.

The latest financial rescue package is centered around a direct government investment of $250 billion, half of which will go in 9 major banks.

Apple fell 27 cents and GE fell 7 cents all week. One is a stock that you should buy and the other is one that you should sell.

Who knows if we've hit a bottom, but here's an interesting fact. According to the WSJ, nearly one in 10, or 876 stocks, trade below the value of their per-share holdings of cash.

This the financial failures are just confined to the US and Europe. The cloud has spread to Japan, sucking in Japense insurer Yamato Life.

Nouriel Roubini, an economist who predicted the credit crisis said in a speech yesterday that the world is teetering on the brink of a financial meltdown. He offered several steps that he think should be taken immediately to prevent a severe global depression, including cutting rates by 150 basis points, which for the US would bring the Fed Funds rate to 0.

I don't wade often into stock speculation but this article in the WSJ caught my eye. It makes a case for buying XLF, the exchange traded fund for the financial sector. Good idea? I'm not sure it is.

It wasn't long ago (three weeks to be exact) that everyone was talking about the threat of inflation. Now as commodity prices collapse, everyone is talking about deflation. The credit crisis has done the Fed's work on the inflation front. I expect rates are going to drop.

The House passes the rescue plan or bailout bill today and President Bush swiftly signed it into law. It not only provides up to $700 billion to buy up toxic assets, but temporarily raises the limit on FDIC insurance to $250,000 per person per institution.

Berkshire Hathaway gets another great deal, but not so great for General Electric shareholders