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The Bureau of Economic Analysis released the personal income and personal consumption numbers for January and they show that personal consumption, which makes up 75% of the economy is back to 2006 levels.
Read →Peter Lynch delivered a compound annual return of 29.2% over 13 years at the Fidelity Magellan Fund. In a recent interview, Lynch shared some of his insights on the economy and offered timely and excellent advice for all investors.
Read →In 2001 Goldman Sachs structured a complex transaction to allow the Greek government, currently at risk of default, to report artificially lower debts.
Read →If the new credit card regulations have gotten you confused, we have a simpler and more condensed version of them to help you understand them better.
Read →Bonuses at Wall Street firms have increased 17% during 2009, with an average bonus of over $123,000 per worker. This is despite the industry starting into the abyss in 2008 and recovering from taxpayer funded bailouts.
Read →The Smart Money buys Citigroup (C)
Citigroup, once the largest financial services supermarket in the world, has fallen on extraordinarily tough times and is practically insolvent. That hasn't deterred some of the world's smartest and wealthiest hedge fund managers buying up the stock in droves. What's driving this massive buying spree?
Read →Prem Watsa: The "New Warren Buffett"
Prem Watsa and Fairfax Financial Holdings are not very well-known outside of Canada. Here's why this business is relevant to all conservative investors and is worth watching.
Read →In any era where consumer electronics is a zero sum game for everyone but Apple, Dell looks especially horrible.
Read →Berkshire selling J&J, P&G stakes
Warren Buffett's Berkshire Hathaway has been selling shares in Johnson & Johnson, Proctor and Gamble and ConocoPhillips during the last quarter. Is Buffett bearish on the stock market?
Read →Do you make a habit of applying and using store credit cards? If so, you could be putting yourself at a disadvantage.
Read →Everybody keeps talking about how bad the mortgage industry is doing the past couple years. Could things be turning around for the better?
Read →The new credit regulations are throwing the credit card industry into a tailspin. Many business owners are turning to their business cards to charge things, but is this the best option for them?
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