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Panic has set in over Fannie Mae and Freddie Mac. They have taken a necessary hit but is the talk of insolvency justified? Some markets don't think so.

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My sources say that Bank of America is clearing house just days after Ken Lewis's town hall meeting.

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As Bank of America's stock has plunged, its dividend has soared. It paid a dividend of 64 cents a share in April which amounts to a 11.61% dividend yield. Should you invest? It depends on your risk appetite.

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Without great fanfare, this problem has begun to wind down.

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The problems with Fannie Mae and Freddie Mac are one other example of how the old financial system is collapsing. The result will be higher rates for everyone and sinking home prices.

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Economists are split on what is the bigger danger, inflation or a weak economy. This sentiment is also reflected in Fed policy, which is to keep rates steady at 2% until it becomes clearer which is the bigger problem. "Of 53... Read →

Stumbled across this and thought it was interesting.

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Markets are tanking. This is a terrible time to be invested.

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Ivan Sramko to Join European Central Bank and How this Impacts US

When Slovakia becomes the newest entrant into the Euro-zone, Ivan Sramko, the countries central banker will join the ECB. Mr Sramko is an inflation hawk and will add his voice to a policy that already favors raising rates. How will this impact the US? Read on.

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I've been often criticized for my views on the economy and been accused of not being a big name or a reputable writer. But I also sometimes get it right. So, here I am tooting my horn a bit.

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Prospect Mortgage issued a press release yesterday saying it was acquiring Indymac's retail mortgage branches. The release reads in part: (Northbrook, IL, July 8, 2008) – Prospect Mortgage has signed an agreement to acquire... Read →
The National Association of Realtors released a relatively gloomy report today that showed that sales contracts on previously owned U.S. homes fell 4.7% in May from the prior month. The Association, which has a reason to be optimistic, ... Read →

I count myself among the pool of investors who believed that oil could spike higher and bought some Canadian oil trusts - pwe and erf - only to find that they now trade at the same price that they did when oil was at $80 a barrel. The catch is the new Canadian tax act that will affect these things differently in 2011 and stop them from moving up no matter what happens to oil until then.

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BusinessWeek is running an article stating that India's growth is expected to drop ffrom 9% to 7% this year. As one of the countries gulping oil, will this help to pop the oil bubble?

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