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Moody's says that the government's bailout of GM is to involve a prepackaged bankruptcy, leaving equity holders with nothing. This is the last chance to get out at $4.
Read →Ecuador Defaults on Soveriegn Bonds, Calling Bondholders Monsters
Ecuador became the first nation to default on sovereign debt since the meltdown began.
Read →VCs are still investing.
Read →Legendary value investor Jeremy Grantham called the real estate and housing bubble and went into cash in the summer of 2008. He is now slowly dipping his toes back into the market despite still believing the market will drop further. Good video.
Read →A CNBC/Portfolio survey of 800 respondents found that 35% are not confident or only somewhat confident their money is safe in an Federally insured bank. The FDIC fires back.
Read →The Federal share of the economy, that is government spending as a percent of GDP, will go over 25% next year, the highest level since WWII.
Read →Active investing, otherwise known as stock picking is a trillion dollar industry that just doesn't work. Don't believe me? Look at what happened to Bill Miller, until last year considered one of the best stock pickers.
Read →In an auction on Tuesday, the Treasury sold $30 billion of short-term securities at a 0% interest rate. Investors were willing to accept 0 return to stash their cash. What does that say?
Read →Since I don't drive much, I like the idea of auto insurance that's usage based. This is also known as pay-by-the-mile or pay-as-you-drive insurance programs. Incentives to drive less is not only good for our wallets, but also good for the environment.
Read →I like reading about business news but I also like to lighten up. So, I thought I would take a moment to wax poetic about Trish Regan, the money honey on CNBC that I enjoy watching the most. Trish, keep up the good work.
Read →A debate on which way the market is going. Feel free to add your opinion.
Read →As President-elect Obama prepares a massive public works program that will be funded via Obama Bonds, the evidence is growing that the US economy looks quite a bit like Japan's in the 1990s after its real estate bubble popped. Even the Japanese are making the comparison and providing some advice on what the US can do.
Read →The past week wasn't too bad on the stock market, as we got a short-covering rally on Friday. But, the news flow isn't just bad, it is terrible.
Read →I was absolutely amazed at what I discovered when I called 1-800-Journal with an inquiry about my subscription.
Read →Fed Funds Futures are giving a greater than 50% probability the Fed will cut rates to .25% at its December 16th meeting. As we get closer to 0%, our situation starts to look a lot like Japan in the early 1990s.
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