Archive for News
Google Posts Higher Than Expected 3rd Quarter Numbers – Is The Recession Over
Posted by: | CommentsTo hear many of the newspapers and other media outlets tell it, Google’s blowout third quarter is the official signal that the recession is over and that businesses are spending again, because customers are spending again, and everything is fine again. The logic goes something like this. Google is not only the largest search engine, but it is also the largest provider of Internet advertising,... Read more→
FDIC Insurance Limit Increase Extended
Posted by: | CommentsFor years, the FDIC has insured bank accounts up to $100,000. In light of the recent banking crisis and consumer fears, the FDIC insured banks up to $250,000 per account. The move was aimed at increasing American confidence in the banking system. It appears to have worked. However, the higher FDIC coverage limits were temporary. FDIC Insured Banks $250,000 Coverage Limits Extended When first implemented,... Read more→
Abby Joseph Cohen Track Record Accurate As A Broken Indicator Light
Posted by: | CommentsI fired off a quick post yesterday about the “news” that Goldman Sach’s Abby Joseph Cohen declared the recession over. If you missed it, I made the point that an arrow pointing up painted on a wall had just as accurate of a track record as Ms. Cohen did over the past decade or so. For some reason, Cohen has a set of groupies, or fan boys, or whatever that always like to remind... Read more→
Government Mortgage Help Programs Scams and Deceptive Marketing and Mailings
Posted by: | CommentsIt was with much fanfare last month that Congress and the Obama administration passed laws putting into effect government programs to help American homeowners with their mortgages. Both The Emergency Economic Stabilization Act, and The American Recovery and Reinvestment Act were front page news all over the country. A lot of this publicity was due to the fact that Americans have started to perceive... Read more→
