Obama Has No Clothes By David Galland It would be unfair to pounce all over Team Obama this early in their administration. After all, while the Democrats bear a lot of responsibility for the knee-deep toxic mess now covering the floor of the engine room, the bulk of...
If you had purchased $1,000.00 of AIG stock one year ago, it would now be worth $56.91. With Washington Mutual, you would have $4.58 left of the original $1000. With 'Fannie Mae', you would have $11.34 left. If you had purchased $1000.00 of Lehman Bros one year ago it...
At some point in the possibly near future, the rest of the world is going to look at the American dollar and say, “To heck with this”, and presto, we will no longer be the reserve currency of the world. It’s going to go one of two ways. The first choice is the dollar...
It’s scary out there for investors today, especially if you have much of your portfolio in stocks. Let’s go to the headlines and find the latest scandal. Scanning…scanning…ah, that didn’t take long. Here’s one. Bailed out insurance sideshow AIG pays $165 million in...
Why doesn’t Empowered Investor Network recommend gold to its clients? Granted, gold is probably a much better place to be than the stock market but there are still distinct advantages that income property investing has over it. Jason recently said that he thought gold...
In 1929 the Dow Jones average stood at 329. In 2007 it went over 13,000. Great news for stock investors, and proof that investing over time works, right? Actually, it was sort of a hollow achievement and here's why. The 1929 value of the Dow was equal to about 19...
Fiat currency is a phrase you hear Jason or his guests mention on podcasts every once in a while but what exactly is it? Fiat comes from the Latin “Let it be done.” In this case, it refers to a government or authority declaring that the paper currency of the nation is...
Posted by Jack Sternberg on Friday, March 6th 2009 The number of homes listed for sale is falling in a lot of citiesIf you asked an economist why home prices have broadly fallen over the past 2 years, you'd get a short lesson in Supply and Demand. Too many homes for...
In the world of credit scores, credit card accounts fall into the category of revolving debt. So if you have a blemish on your credit report, you should start closing credit card accounts, right? Especially if you’re not using them? Not so fast. Danny Rosario, credit...
A reverse mortgage is an interesting sort of financial product. Maybe you’re vaguely familiar with the concept. Let’s take a closer look at how it works specifically. The way a reverse mortgage works is simple – it allows senior citizens (at least 62 years old) to tap...
