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We all hope that the "respected" business news sources get information correct and write factually correct articles. This does not seem to be the case with the recent money market problems. The Financial Times ran a story... Read →

Citigroup, JP Morgan Chase, and Merrill Lynch & Co, may be forced to write down an additional $34 billion in assets related to the subprime mortgage collapse. The irony is that an analyst from Goldman Sachs is making the prediction.

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It all happened so quietly and so quickly. And, then there was a front page New York Times column declaring (without fanfare) "Many Retirees May Lose Benefits From Employers." Most friends I talked with didn't even bother... Read →
We often hear from our banks that money market funds are safe and that they rarely, if ever, go down. Well, these funds have been having problems and yesterday a major bank, SunTrust Financial announced it was injecting $1.4 billion into... Read →
In news that has not been widely reported, many of the bond insurers have had their ratings downgraded today. ACA Financial's rating was even lowered to junk status. What does this mean? It's like hearing that the FDIC... Read →
The markets ended a bruising week with a significant drop today – the Dow down 178, Nasdaq 33, and the S&P 20. It is bad enough to watch the value of one’s investments drop so precipitously. It is worse still to hear that... Read →

Would you marry for the money? The WSJ.com just reported on some interesting findings from a survey of 1,134 people nationwide with incomes ranging between $30,000 to $60,000. The results are pretty surprising.

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Bernanke is correct not to keep slashing the Fed funds rates.

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The Fed today decided to cut the Federal Funds rate and the Discount rate by .25%. This is less than what many on the Street hoped and wanted but the Fed understands that inflation pressure is bubbling away.

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Banks are offering yields as high as 6.25% on Reward Checking accounts.

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In times like these, and stupidly only in times like these, people begin to look at the protection (insurance) coverage underwriting their own, individual brokerage accounts. And what one finds is a real eye opener. If you have more than... Read →

Sometimes real life is just hundreds of times more fascinating than fiction.

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Don't expect a snap-back rally from Motorola.

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If you are feeling good now, given last week’s market performance, then you are living in a fantasy world – just like the traders who took the market indicators up. What we have seen over the last week are acts of desperation... Read →

Merck and Schering Plough seem to be doing everything they can to protect their popular drugs from the results of a trial they designed and ran.

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