Articles

Redneck Bank, and it's sister sites AmericaNetBank.com, and Evantagebank.com are all owned by the Huckabay banking family. Redneck has quickly become the most popular of the three. Here's the history behind the name.

Putting money anywhere is risky these days. Getting any kind of decent return without a whole lot of risk is almost impossible. Treasuries yield nothing, and if inflation hits, as it surely will, even the value of the principal will drop. CDs seem to be the best bet to get some kind of safe return, but these rates are dropping fast. There is a whole range of other options from TIPS, Strips, corporates, high yields, agencies, and preferreds, but all these are either less safe or yield no more than treasuries. Only municipal bonds offer an alternative, but one has to be careful here too.

GE seems to be headed for failure. Is it?

At one point today, the Dow traded less than half of its value of May 2, 2008.

Robert Barro, a Professor of Economics at Harvard University a fellow at Stanford University's Hoover Institution looked at economic data from the past 130 years to determine the probabilities of a small and large depression occurring.

Citigroup, once the largest bank by market value and by profit saw its stock go below $1 briefly today.

Steve Leuthold of the Grizzly Short Fund predicts that the S&P 500 will rebound in 2009 to 1000. His short fund returned 74% in 2008 and 26% so far this year.

Harvard is leading the pack again, as it always does. This time it's very bad news. It's huge endowment, which it depends on for a major part of its annual operating expenses, has lost a whole lot of billions. And, while President of Harvard, Summers played a very active role overseeing and steering the university's investments. And, he did a terrible job. By any count, Harvard's endowment has lost somewhere between 30% to 45%, and the latter is more likely.

A comparison of the Dow Jones Industrial Average today to Japan's Nikkei Index leading up to and after its peak in 1989. There are a lot of similarities and some differences. What do they mean?

Etrade is running a promotion in which they will offer 100 commission free trades if you open an IRA account. There are some catches though.

Bank of America CEO Ken Lewis says that Merrill Lynch and Countrywide are things of beauty and that they will become major profit centers over the next year. Ex BofA CEOs Hugh McColl and Thomas Storrs defend the acquisition. I prefer the market verdict - over $40 billion in government funds and a stock price of $4.

Aside from being completely awol, Geithner is obviously indecisive.

The problem is now that the entire economy dried up in January. Everything stopped.