Politicians, Bailouts and Bank-Owned Houses
Around the corner from my former apartment in Newton was a house that was taken in foreclosure. The “For Sale†sign had been there for a very long time, the lawn wasn’t mowed regularly and the shrubs had died in the winter but hadn’t been removed. Walk around...Washington’s Shrewd Investment
Today the headlines read something like: Government Stands to Reap $7.5 Billion Profit from Sale of Citi Stock. This was reported in both the Wall Street Journal and our local rag, the Des Moines Register, and while estimates vary as to the extent of this...Government Intervention
One of the reasons the Dow Industrials index rose 936 points and the broader indices rose more than 11% in one day was because on a global scale governments decided to inject capital into banks and financial institutions. As I read today’s Wall Street Journal,...
Are Things Looking Up?
The Dow had it's record highest point gain today up almost 940. Although it was up a bit today, Oil prices have been retreating and have been steadily below $90/bbl for several days. And have you noticed the price of gasoline has also been declining?
Of course, we all know it's not over yet, but it's good to see some positive signs. Unfortunately, the price of diesel fuel has not come down with trhe price of gasoline, apparently due to supply issues worldwide. And this will keep the price of consumer goods general higher. Seems like[...]
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